Fiscal Sustainability and Resource Mobilization in the Dominican Republic

January 1, 2003

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper examines fiscal sustainability and resource mobilization in the Dominican Republic. The fiscal position appears to be sustainable, if resource mobilization is strengthened. If expenditure continues to rise (relative to GDP), without any further fiscal adjustment, indicators of sustainability would begin to deteriorate. It would be important to maintain an appropriate mix between additional financing and fiscal adjustment, in order that the future debt burden does not rise excessively.

Subject: Expenditure, Fiscal policy, Fiscal stance, Fiscal sustainability, Public debt, Revenue administration

Keywords: bank financing, commercial bank financing, debt ceiling, debt dynamics of the country, debt indicator, debt profile, Dominican Republic, expenditure program, expenditure side, Fiscal stance, fiscal sustainability, GDP, government financing, real interest rate, resource mobilization, tax, trade tax, VAT, Western Hemisphere, WP

Pages:
35
Volume:
2003
DOI:
https://doi.org/10.5089/9781451843767.001
Issue:
019
Series:
Working Paper No. 2003/019
Stock No:
WPIEA0192003
ISBN:
9781451843767
ISSN:
1018-5941

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