The Gambia, one of the least developed countries in Africa, has been pursuing corrective economic policies since 1985, aimed at restroing financial stability and laying the basis for strong and sustainable economic growth. Supported by IMF policy advice and financing. The Gambia's economic performance has improved considerably since 1985. This study discusses Gambian adjustment policies and their benefits.The large increases in the wage bill reflected a doubling in the size of the civil service. ... In response, some cuts in current expenditure were effected, but the relatively high levels of public investment were ... tax rates on personal income, and increases in specific excise duties and charges. Chart 6. Fiscal Developmentsanbsp;...
|Author||:||Mr. Eric Verreydt, Mr. Michael T. Hadjimichael, Mr. Thomas Rumbaugh|
|Publisher||:||International Monetary Fund - 1992-09-15|