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Mali's Finances Strengthening, Says IMF

by Lorys Charalambous, Tax-News.com, Cyprus

30 April 2015


The International Monetary Fund (IMF) said that Mali's tax revenue is "back on track," after the nation failed to meet last year's target.

The Government's tax revenue in 2014 was 0.7 percent of gross domestic product (GDP) below the target established under its IMF-backed economic program, the Fund said.

In addition, the country's fiscal deficit last year was 0.6 of GDP higher than programmed.

However, the IMF noted that the country's efforts to improve tax and customs administration helped put tax revenue "back on track" in the first quarter of this year.

The Government is targeting an increase in tax revenue worth 1.8 percent of GDP and a fiscal deficit of five percent of GDP this year.

TAGS: tax | economics | fiscal policy | revenue guidance | gross domestic product (GDP) | budget | International Monetary Fund (IMF) | Mali | revenue statistics | tax reform

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