Republic of San Marino : 2013 Article IV Consultation.

This Article IV Consultation focuses on San Marino's prolonged recession. The global crisis has led to a significant decline in budget revenues. However, San Marino's sizable pre-2008 budget surplus, combined with recent tax measures and efforts to restrain expenditures, have helped contai...

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書目詳細資料
企業作者: International Monetary Fund. European Dept
格式: 雜誌
語言:English
出版: Washington, D.C. : International Monetary Fund, 2013.
叢編:IMF Staff Country Reports; Country Report ; No. 2013/122
主題:
在線閱讀:Full text available on IMF
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520 3 |a This Article IV Consultation focuses on San Marino's prolonged recession. The global crisis has led to a significant decline in budget revenues. However, San Marino's sizable pre-2008 budget surplus, combined with recent tax measures and efforts to restrain expenditures, have helped contain the deficit at about 3 percent of GDP. Executive Directors noted that San Marino's economy will face financial and fiscal challenges in the near term, as well as uncertain medium-term prospects. Directors considered that, notwithstanding the recent recapitalization, the largest bank will need more capital to meet prudential requirements. 
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