Dominica. OECS Fiscal Issues: Policies to Achieve Fiscal Sustainability and Improve Efficiency and Equity of Public Expenditures

Notwithstanding a common central bank and a common currency, Dominica, like the other ECCU member countries, conducts fiscal policy independently. While limited progress has been made on a common fiscal policy in the region, the deterioration of the ECCU fiscal position in recent years, notably in Antigua and Barbuda, Dominica, and St. Kitts and Nevis, has reinitiated discussion among i t s members of the need to coordinate fiscal policies.