Union of Comoros: Selected Issues

December 22, 2016

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Format: Chicago

Union of Comoros: Selected Issues, (USA: International Monetary Fund, 2016) accessed November 22, 2024

Summary

This Selected Issues paper assesses the main fiscal trends of the Comorian economy over 2005–15. It highlights continued difficulties in the fiscal performance of and the outlook for Comoros as a result of systemic challenges in revenue administration and public financial management. In particular, there is a structural imbalance between domestic resource mobilization and current spending, especially on public wages and salaries, leaving little scope for domestically financed capital spending, which is essential for economic growth and social development. This fiscal imbalance is more pronounced than in similar sub-Saharan African countries, even after taking into account sizable one-off budget grants that benefited the Comorian economy.

Subject: Financial inclusion, Financial institutions, Financial markets, Financial services, Loans, Nonperforming loans, Revenue administration

Keywords: Bill, Budget grant, Comoros' average, Comoros' effort, CR, E. government expenditure, Financial inclusion, Financial institution, Grant, ISCR, Loans, Market imperfection, Nonperforming loans, Spending, SSA frontier market, Sub-Saharan Africa, Wage bill in Comoros

Publication Details

Pages:

29
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/394
Stock No:

1COMEA2016002
ISBN:

9781475562774
ISSN:

1934-7685

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