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

Author: International Monetary Fund

Volume/Issue: Volume 2006 Issue 145

Publication date: April 2006

ISBN: 9781451801866

$20.00

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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.

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

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Nepal

Peru

Republic of Congo : 2001 Article IV

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.