Fiscal Sustainability and Resource Mobilization in the Dominican Republic [electronic resource] / Oscar E Melhado.Orellana.

By: Melhado Orellana, Oscar EMaterial type: TextTextSeries: IMF Working Papers; Working Paper ; No. 03/19Publication details: Washington, D.C. : International Monetary Fund, 2003Description: 1 online resource (35 p.)ISBN: 1451843763 :ISSN: 1018-5941Subject(s): Central Bank | Deficit | External Debt | National Budget | Public Debt | Public Sector Debt | Dominican RepublicAdditional physical formats: Print Version:: Fiscal Sustainability and Resource Mobilization in the Dominican RepublicOnline resources: IMF e-Library | IMF Book Store 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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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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