Remittances a potential tax base
Research from the International Monetary Fund shows how the traditional debt-to-GDP ratio can be modified to create a more accurate picture of debt sustainability for a country which receives significant remittance inflows.
The analysis shows that inclusion of remittances into the traditional debt sustainability analysis alters the amount of fiscal adjustment required to place debt on a sustainable path. The research finds that one-size-fits-all stability analysis is inappropriate when
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