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Fiscal Sustainability and Resource Mobilization in the Dominican Republic
Author:
Mr. Oscar E Melhado Orellana
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Series:
IMF Working Papers
Volume/Issue:
Volume 2003: Issue 019
Language:
English
Publication Date:
01 Jan 2003
DOI:
https://doi.org/10.5089/9781451843767.001
ISBN:
9781451843767
ISSN:
1018-5941
Pages:
35
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
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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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.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund