Antigua and Barbuda : Staff Report for the 2005 Article IV Consultation

1ATGEA2006001 Image
Price:  $15.00

Release Date: © April, 2006
ISBN : 978-1-45180-186-6
Stock #: 1ATGEA2006001
English
Stock Status: On back-order

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Description

This 2005 Article IV Consultation highlights that data for the first half of 2005 point to a widening fiscal deficit for Antigua and Barbuda. A combination of a reduction in capital spending and some improvement in revenues following a tightening of the concessions regime resulted in a closing of the primary deficit to 1½ percent of GDP in 2004. Revenues have performed well following the reintroduction of the personal income tax. The external current account deficit has narrowed to about 11 percent of GDP, financed by foreign direct investment.

Taxonomy

Economic development , Economic policy , Economic sectors , Fiscal policy , Investment , Pensions , Public sector , Social policy , Transparency




More publications in this series: IMF Staff Country Reports