Fiscal Adjustment in Sudan; Size, Speed and Composition

The paper aims to identify the optimal size, speed and composition of the medium-term fiscal adjustment in the context of Sudan's limited oil reserves. The permanently sustainable non-oil primary balance approach suggests the need for significant fiscal adjustment over the medium term, requiring a widening of the tax base. Cross-country comparisons highlight VAT and personal income tax (as well as tax administration) as key areas for reform. The paper also suggests the need for complementary expenditure-side measures in the areas of petroleum pricing and anchoring fiscal policy in non-oil indicators.

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Year of publication:	2010-03-01
Authors:	Abbas, S. M. Ali ; Moriyama, Kenji ; Naseer, Abdul
Institutions:	International Monetary Fund (IMF)
Subject:	Fiscal reforms \| Economic models \| Government expenditures \| Income taxes \| Oil producing countries \| Oil revenues \| Oil sector \| Tax administration \| Tax systems \| Value added tax \| tax rates \| fiscal adjustment \| oil producing \| fiscal policy \| budget constraint \| public debt \| oil production \| petroleum pricing \| taxation \| fiscal indicators \| tax base \| oil reserves \| oil prices \| fiscal consolidation \| structural fiscal \| increases in tax rates \| fiscal stance \| fuel prices \| tax revenue \| fiscal federalism \| tax increases \| tax policy \| tax increase \| oil companies \| petroleum sector \| fiscal performance \| crude oil \| government expenditure \| ex-refinery price \| tax collections \| tax system \| fiscal structure \| refinery price \| expenditure policy \| structural fiscal reforms \| revenue collection \| oil producers \| petroleum company \| pipeline cost \| tax effort \| oil-producing countries \| oil pipelines \| oil company \| fiscal effort \| world oil prices \| public spending \| tax revenues \| key fiscal indicators \| public finance \| fiscal reform \| petroleum corporation \| petroleum prices \| fiscal decentralization \| fiscal aggregates \| petroleum exploration \| structural fiscal reform \| petroleum production \| fiscal balances \| fiscal reporting \| oil- producing countries \| fiscal position \| oil quality \| fiscal risk \| fiscal deficits \| oil resources \| fiscal targets \| expenditure adjustments \| fiscal revenues \| government revenue \| national budget \| oil exporting countries \| fiscal terms \| fiscal resources \| accumulation of arrears \| oil fields \| fiscal savings \| pipeline company \| natural resources \| oil pipeline \| fiscal expenditure \| tax burden \| fiscal policy formulation \| fiscal sustainability \| increase in expenditures \| budget deficit \| refined products \| oil and gas \| spending cuts \| fiscal solvency \| petroleum products \| primary fiscal balance \| taxpayer office \| tax administrations \| fiscal analysis \| oil exploration \| production sharing contracts \| capital expenditures \| crude oil pipelines \| fiscal balance \| tax collection \| fiscal deficit \| fiscal reform program \| natural gas \| fiscal situation \| fiscal burden \| oil exports \| oil exporters \| fuel consumption

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Extent:	application/pdf
Series:	IMF Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series IMF Working Papers Number 10/79 4 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008470390