Republic of Kosovo: Fourth Review Under the Stand-By Arrangement

July 23, 2013

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Republic of Kosovo: Fourth Review Under the Stand-By Arrangement, (USA: International Monetary Fund, 2013) accessed December 23, 2024

Summary

This staff report on the Republic of Kosovo’s Fourth Review under the Stand-By Arrangement discusses macroeconomic and financial policies. Banking-sector soundness indicators have remained largely unchanged. The revenue shortfall owed to a mix of lower than programmed customs receipts, and delays in receiving transfers from the sales of telecommunication licenses, and lignite royalties. The shortfall was only partially compensated by higher domestic tax collection, and the earlier than expected receipt in dividends from Post and Telecom of Kosovo. Passage of the rules-based fiscal framework would be a key step toward ensuring fiscal sustainability in the longer term.

Subject: Banking, Budget planning and preparation, Expenditure, Fiscal policy, Fiscal stance, Labor, Minimum wages, Public debt, Public financial management (PFM)

Keywords: Banking authority, Budget planning and preparation, CR, Executive board's discussion, Fiscal stance, Global, Government, Government bank balance, ISCR, Kosovar authorities, Kosovo's economy, Minimum wages

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/224
Stock No:

1UVKEA2013005
ISBN:

9781484397145
ISSN:

1934-7685

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