Fiscal Surplus To Narrow In 2008

September 2008 | Economic Analysis

On the back of higher than anticipated oil prices and a decision to pay off foreign debt, we are forecasting Gabon's 2008 fiscal expenditure and revenue to be significantly above trend, with the fiscal surplus shrinking from 10.4% of GDP to 3.3% of GDP. Past 2008, we see expenditure and revenue returning to more typical levels.

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