04177oam 22010694 450 991016029220332120230808201334.01-4755-6306-X(CKB)3710000001018418(MiAaPQ)EBC4787865(IMF)1COMEA2016002(EXLCZ)99371000000101841820020129d2016 uf 0engurcnu||||||||rdacontentrdamediardacarrierUnion of Comoros : Selected IssuesWashington, D.C. :International Monetary Fund,2016.1 online resource (30 pages) color illustrationsIMF Staff Country Reports1-4755-6277-2 1-4755-6308-6 Includes bibliographical references.This Selected Issues paper assesses the main fiscal trends of the Comorian economy over 2005–15. It highlights continued difficulties in the fiscal performance of and the outlook for Comoros as a result of systemic challenges in revenue administration and public financial management. In particular, there is a structural imbalance between domestic resource mobilization and current spending, especially on public wages and salaries, leaving little scope for domestically financed capital spending, which is essential for economic growth and social development. This fiscal imbalance is more pronounced than in similar sub-Saharan African countries, even after taking into account sizable one-off budget grants that benefited the Comorian economy.IMF Staff Country Reports; Country Report ;No. 2016/394PovertyComorosFinance: GeneralimfMacroeconomicsimfPublic FinanceimfIndustries: Financial ServicesimfLaborimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfTaxation, Subsidies, and Revenue: GeneralimfFinancial Institutions and Services: Government Policy and RegulationimfFinancial Markets and the MacroeconomyimfFinancial Institutions and Services: GeneralimfFinanceimfPublic finance & taxationimfLabourimfincome economicsimfRevenue administrationimfFinancial servicesimfNonperforming loansimfFinancial inclusionimfLoansimfFinancial institutionsimfFinancial marketsimfFinancial services industryimfRevenueimfExpenditures, PublicimfCapital investmentsimfComorosEconomic conditionsComoros, Union of theimfPovertyFinance: GeneralMacroeconomicsPublic FinanceIndustries: Financial ServicesLaborBanksDepository InstitutionsMicro Finance InstitutionsMortgagesTaxation, Subsidies, and Revenue: GeneralFinancial Institutions and Services: Government Policy and RegulationFinancial Markets and the MacroeconomyFinancial Institutions and Services: GeneralFinancePublic finance & taxationLabourincome economicsRevenue administrationFinancial servicesNonperforming loansFinancial inclusionLoansFinancial institutionsFinancial marketsFinancial services industryRevenueExpenditures, PublicCapital investmentsDcWaIMFBOOK9910160292203321Union of Comoros3408348UNINA