Fiscal Revenues in South Mediterranean Arab Countries : Vulnerabilities and Growth Potential

This paper reviews the fiscal revenue performance of Southern Mediterranean Arab countries (SMCs) over the last decade and compares this performance with selected middle income and Organization for Economic Cooperation and Development (OECD) countries. These revenues have been declining over the past few years, and this trend is expected to continue because of a fall in mineral receipts and trade liberalization. Individual income tax yields are substantially lower than in other regions but the introduction of the value-added tax has proven to be highly successful. Higher trade protection than in other regions must be reduced, if SMCs are to be integrated into the global economy. Loss of nontax and customs revenues can be offset by reforms in income tax systems, petroleum product pricing, and by ensuring, through flexible exchange rate policies, that competitiveness is maintained
Publication date: April 2002
ISBN: 9781451848915
$15.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
English
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Taxation - General , Taxation - General , International - Economics , International - Economics , Southern Mediterranean Arab countries , VAT , petroleum pricing , exchange rate , trade taxes , income taxes , trade liberalization , domestic taxes , free trade , Taxation , Subsidies , and Revenue: General , Financial Aspects of Economic Integration , Fiscal and Monetary Policy

Summary