01969cas a2200241 a 4500 AALejournalIMF001839 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451848915 1018-5941 BD-DhAAL BD-DhAAL Nashashibi, Karim. Fiscal Revenues in South Mediterranean Arab Countries : Vulnerabilities and Growth Potential / Karim Nashashibi. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (17 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper reviews the fiscal revenue performance of Southern Mediterranean Arab countries (SMCs) over the last decade and compares this performance with selected middle income and Organization for Economic Cooperation and Development (OECD) countries. These revenues have been declining over the past few years, and this trend is expected to continue because of a fall in mineral receipts and trade liberalization. Individual income tax yields are substantially lower than in other regions but the introduction of the value-added tax has proven to be highly successful. Higher trade protection than in other regions must be reduced, if SMCs are to be integrated into the global economy. Loss of nontax and customs revenues can be offset by reforms in income tax systems, petroleum product pricing, and by ensuring, through flexible exchange rate policies, that competitiveness is maintained. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2002/067 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/067/001.2002.issue-067-en.xml IMF e-Library