Limited fiscal space limits Djibouti's ability to meet the Millennium Development Goals and improve the living conditions of its population. Djibouti's fiscal structure is unique in that almost 70 percent of government revenue is denominated in foreign currency (import taxes, foreign aid grants, and military revenue) while over 50 percent of government expenditure is denominated in local currency (wages, salaries, and social transfers). Djibouti's...
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2006/10/01
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Documento de trabalho sobre pesquisa de políticas
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WPS4028
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1
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1
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2010/07/01
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Disclosed
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Fiscal and social impact of a nominal exchange rate devaluation in Djibouti
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nominal exchange rate
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