EVIDENCE-based assessment of fiscal policy in Eritrea is severely constrained by lack of transparency and availability of basic information on fiscal operations and management, including, of course, the budget.
Estimates by various sources, including the IMF, however, indicate a continued improvement in the overall fiscal deficit (after grants) from about 13.2% of GDP in 2011 to an estimated 10.3% in 2013, reflecting improved tax collection from the 2012 level, lower expenditure on safety nets and a contraction in public investment (see table below). Continue reading African Economic Outlook 2014: Eritrea’s Fiscal Policy→
AT a conference in Asmara, a person in the audience got up and decried the fact that there is acute power problem. The person’s concern was that the City of Asmara was becoming prone to blackouts, the inconveniences of the shortage of light and the use of surfing the internet. I was taken aback by the question and had wanted the person to sit down; but being rational and on topic was the way out. It means that recognizing that the question of power isn’t a moral issue. It is financial, environmental and technical. Continue reading Eritrea’s Electric Power Challenges→