Fiscal Sustainability and Resource Mobilization in the Dominican Republic

Oscar Melhado Orellana

No 2003/019, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: WP; GDP; tax; VAT; debt ceiling; Dominican Republic; fiscal sustainability; resource mobilization; debt indicator; expenditure program; debt profile; bank financing; expenditure side; trade tax; government financing; real interest rate; debt dynamics of the country; commercial bank financing; Fiscal stance; Western Hemisphere (search for similar items in EconPapers)
Pages: 35
Date: 2003-01-01
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Citations: View citations in EconPapers (5)

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