The Measurement of Budgetary Operations in Highly Distorted Economies the Case of Angona

Ā· Policy, research, and external affairs working papers Book 497 Ā· World Bank Publications
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16
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A proper measurement of Angola's 1989 budget should reflect the tremendous difference between official and parallel market prices at which transactions are undertaken. If all transactions are "valued" at parallel market prices, the budget deficit for 1989 would drop from 22 percent to 12 percent.
A proper measurement of Angola's 1989 budget should reflect the tremendous difference between official and parallel market prices at which transactions are undertaken. If all transactions are "valued" at parallel market prices, the budget deficit for 1989 would drop from 22 percent to 12 percent.

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