Fiscal Adjustment in Sudan Size, Speed, and Composition

S. M. Ali Abbas, Kenji Moriyama and Abdul Naseer

No 2010/079, IMF Working Papers from International Monetary Fund

Abstract: The paper aims to identify the optimal size, speed and composition of the medium-term fiscal adjustment in the context of Sudan's limited oil reserves. The permanently sustainable non-oil primary balance approach suggests the need for significant fiscal adjustment over the medium term, requiring a widening of the tax base. Cross-country comparisons highlight VAT and personal income tax (as well as tax administration) as key areas for reform. The paper also suggests the need for complementary expenditure-side measures in the areas of petroleum pricing and anchoring fiscal policy in non-oil indicators.

Keywords: WP; income tax; interest rate; fiscal policy; government expenditure (search for similar items in EconPapers)
Pages: 43
Date: 2010-03-01
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