Antigua and Barbuda: Staff Report for the 2005 Article IV Consultation
Volume/Issue:
Volume 2006
Issue 145
Publication date: April 2006
ISBN: 9781451801866
$20.00
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Topics covered in this book
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Business and Economics , Exports and Imports , Labor , Economics- Macroeconomics , Public Finance , Taxation - General , ISCR , CR , government , staff's GDP projection , staff appraisal , Policy development , private sector , government wish , government of Antigua and Barbuda , government hope , Arrears , Public sector , Civil service , Caribbean , Global
Summary
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.
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