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Fiscal Sustainability and Resource Mobilization in the Dominican Republic

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  • Oscar E. Melhado
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    Abstract

    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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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=16271
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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Working Papers with number 03/19.

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    Length: 35
    Date of creation: 01 Jan 2003
    Date of revision:
    Handle: RePEc:imf:imfwpa:03/19

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    Related research

    Keywords: Fiscal sustainability; Resource mobilization; public debt; central bank; external debt; public sector debt; fiscal costs; domestic debt; tax revenues; debt service; fiscal impulse; fiscal adjustment; external financing; sovereign bond; debt management; fiscal measures; public external debt; domestic financing; taxation; external borrowing; net debt; fiscal policy; fiscal position; debt sustainability; tax reform; tax system; debt burden; fiscal deficit; short-term debt; government expenditure; government debt; fiscal program; fiscal stance; fiscal accounts; fiscal balance; tax revenue; accumulation of arrears; external debt service; government expenditure program; debt-service; fiscal deficits; public finances; capital expenditure; fiscal reform; fiscal losses; tax administration; sovereign debt; domestic debt management; bilateral creditors; debt dynamics; fiscal implications; quasi-fiscal deficit; long-term debt; fiscal discipline; external public sector debt; external debt burden; fiscal priorities; government fiscal accounts; current account; national budget; debt ratios; fiscal effort; fiscal spending; social expenditure; private creditors; formal sector; tax burden; fiscal cost; official creditors; public expenditure; external public debt; fiscal burden; debt-service obligations; primary fiscal balance; budget allocation; fiscal reforms; low debt; expansionary fiscal; tax structure; debt service to exports; expansionary fiscal stance; debt services; tax collections; budget management; stock of debt; administrative improvements; capital expenditures; ratio of debt; debt policy; debt stock; fiscal pressures; medium-term fiscal sustainability; central government fiscal; bilateral debt; debt situation; public debt management;

    References

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Garry J. Schinasi & Mark Scott Lutz, 1991. "Fiscal Impulse," IMF Working Papers 91/91, International Monetary Fund.
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    Citations

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    Cited by:
    1. Ayumu Yamauchi, 2004. "Fiscal Sustainability," IMF Working Papers 04/7, International Monetary Fund.
    2. Hector Cury & Glenn Jenkins & CHUN-YAN KUO, 2004. "Fiscal Adjustment for Sustainable Growth in the Dominican Republic," Development Discussion Papers 2004-01, JDI Executive Programs.
    3. Glenn Jenkins & CHUN-YAN KUO & Andrey Klevchuk, 2007. "Diagnosis of Indirect Taxes and the Taxation of International Trade in the Dominican Republic," Development Discussion Papers 2007-01, JDI Executive Programs.

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