TohidA/MONA · Datasets at Hugging Face

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-06-30

P1

R2

BLANK

SPC

20.2

1.2. Revenue administration, including customs

Use Sintax to generate a list of LTO late filers and nonfilers for the main tax categories (VAT, corporate income, tax on income from securities, and tax on income from real estate), and send reminders within a week after the declaration deadline (MEFP ¶27).

1

12/31/2007

W

At P1R1, not met, waiver granted, and continous implementation beginning February 1, 2008.

2

1

2007-12-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-06-30

P1

R2

BLANK

SPC

20.2

1.2. Revenue administration, including customs

Use Sintax to generate a list of LTO late filers and nonfilers for the main tax categories (VAT, corporate income, tax on income from securities, and tax on income from real estate), and send reminders within a week after the declaration deadline (MEFP ¶27).

1

06/30/2008

W

At P1R2, not met, waiver granted, given that the substance of the measure was achieved, and other corrective steps are being taken.

2

1

2008-06-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-06-30

P1

R2

BLANK

SPC

20.2

1.2. Revenue administration, including customs

Use Sintax to generate a list of LTO late filers and nonfilers for the main tax categories (VAT, corporate income, tax on income from securities, and tax on income from real estate), and send reminders within a week after the declaration deadline (MEFP ¶27).

1

Continuous

PC

At P1R0, spc to begin on 6/30/07, with a "continuous" test date thereafter. Continous implementation beginning February 1, 2008

2

1

2023-09-23

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-06-30

P1

R2

BLANK

SPC

20.2

1.2. Revenue administration, including customs

Implement the single customs declaration form (MEFP ¶28).

2

06/30/2007

W

At P1R1, not met, waiver granted; and implemented as of November 22, 2007.

2

2007-06-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-06-30

P1

R2

BLANK

SPC

20.2

1.2. Revenue administration, including customs

Set up a tax policy unit in the Ministry of Finance to formulate tax reforms and supervise implementation.

3

08/31/2008

PC

New performance criterion

2

3

2008-08-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-06-30

P1

R2

BLANK

SPC

20.2

1.2. Revenue administration, including customs

Submit a comprehensive tax policy reform program to the National Assembly to take effect with the 2010 budget

4

12/31/2009

PC

At P1R2, a sb ("submit a comprehensive tax policy reform program to parliament"/12/31/08 test date) was converted to spc with 12/31/09 test date. This peformance criterion now reflects revised timing of previous benchmark.

2

4

2009-12-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-12-17

P1

R3

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Secure approval from the Council of Ministers for a tax policy reform strategy in line with Fund staff recommendations (MEFP ¶30).

5

12/31/2007

CAN

N/A

3

5

2007-12-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-12-17

P1

R3

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Submit a comprehensive tax policy reform program to parliament

8

12/31/2008

MOD-SPC

At P1R2, delayed until 2009, as part of the new timeline for tax policy reforms.

3

8

2008-12-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-12-17

P1

R3

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Cabinet approval of comprehensive tax policy reform strategy

9

04/30/2008

MOD-DATE

At P1R2, not met, and expected to be met by September 2008, with new test date assigned.

3

9

2008-04-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-12-17

P1

R3

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Cabinet approval of comprehensive tax policy reform strategy

9

09/30/2008

M

Essentially met. Actual parliament approval on Oct. 1.

3

9

2008-09-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-12-17

P1

R3

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Submit to cabinet a comprehensive tax policy reform program in line with Fund recommendation and WAEMU community directives.

10

04/30/2009

SB

Introduced at R2. Macro criticality: Important step to raise tax revenues, which are low.

3

10

2009-04-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-12-17

P1

R3

BLANK

SB

20.2

1.2. Revenue administration, including customs

Put in place a mechanism to accelerate VAT refunds so that verified refund requests are paid within 90 days. (MEFP ¶27)

1

06/30/2007

MD

At P1R1, not met; implemented as of November 15, 2007.

3

1

2007-06-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-12-17

P1

R3

BLANK

SB

20.2

1.2. Revenue administration, including customs

Make main ASYCUDA modules fully functional in computerized offices and put them into operation, beginning with Ouagadougou (MEFP ¶28).

2

09/30/2007

NM

At P1R1, not met; expected to be met as of December 31, 2007.

3

2

2007-09-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-12-17

P1

R3

BLANK

SB

20.2

1.2. Revenue administration, including customs

Put in operation a computerized customs-specific valuation database in the computerized offices (MEFP ¶28).

3

09/30/2007

M

N/A

3

2007-09-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-12-17

P1

R3

BLANK

SB

20.2

1.2. Revenue administration, including customs

Submit the single tax code to parliament consolidating all tax legislation (MEFP ¶30).

4

12/31/2007

M

N/A

3

4

2007-12-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-12-17

P1

R3

BLANK

SB

20.2

1.2. Revenue administration, including customs

During the third quarter of 2008, assign at least 30 percent of customs declarations to the green and blue channels and keep the percentage of declarations thus selected but assigned for futher controls by individual inspectors to less than 10 percent.

6

09/30/2008

MOD-SB

At P1R2, delayed until December 2008, with revised threshold revised from 50 to 30 percent to address revenue concerns.

3

6

2008-09-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-12-17

P1

R3

BLANK

SB

20.2

1.2. Revenue administration, including customs

During the third quarter of 2008, assign at least 30 percent of customs declarations to the green and blue channels and keep the percentage of declarations thus selected but assigned for futher controls by individual inspectors to less than 10 percent.

6

12/31/2008

SB

This test date applies to the fourth quarter period. Macro-criticality: Limit discretion at customs, increase revenues, and improve governance.

3

6

2008-12-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-12-17

P1

R3

BLANK

SB

20.2

1.2. Revenue administration, including customs

Raise VAT thresholds for large, medium and small taxpayers and subject small taxpayers to simplified taxation instead of VAT, in line with Fund recommendation and WAEMU community directives.

7

06/30/2008

MOD-DATE

At P1R2, sb modified from "harmonize VAT thresholds for large, medium, and small taxpayers and subject small taxpayers to simplified taxation instead of VAT, in line with Fund recommendations" with 6/30/08 test date, to current sb to allow for harmonization with WAEMU, with 9/30/09 test date.

3

7

2008-06-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-12-17

P1

R3

BLANK

SB

20.2

1.2. Revenue administration, including customs

Raise VAT thresholds for large, medium and small taxpayers and subject small taxpayers to simplified taxation instead of VAT, in line with Fund recommendation and WAEMU community directives.

7

09/30/2009

SB

N/A

3

7

2009-09-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-12-17

P1

R3

BLANK

SB

20.5

1.5. Debt Management

Submission to Cabinet of plan to clear outstanding payments identified in the domestic debt audit.

1

03/31/2009

SB

Macro criticality: Increase transparency and improve economic governance.

3

1

2009-03-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-12-17

P1

R3

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Introduce a comprehensive system for tracking foreign-financed expenditures (MEFP ¶32).

1

12/31/2007

CAN

N/A

3

1

2007-12-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-12-17

P1

R3

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Introduce system for tracking poverty-reducing expenditures in order to track all self-financed spending except for personnel expenditures.

2

06/30/2008

MOD-DATE

At P1R2, delayed, benchmark set for end-September '08 to introduce partial system. Reworded from "introduce comprehensive system for tracking poverty reducing expenditures" to current sb with 9/30/08 test date.

3

2

2008-06-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-12-17

P1

R3

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Introduce system for tracking poverty-reducing expenditures in order to track all self-financed spending except for personnel expenditures.

2

09/30/2008

MOD-DATE

In progress.

3

2

2008-09-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-12-17

P1

R3

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Introduce system for tracking poverty-reducing expenditures in order to track all self-financed spending except for personnel expenditures.

2

02/28/2009

SB

With limited expenditure envelope, increase efficiency and composition.

3

2

2009-02-28

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-12-17

P1

R3

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Develop an action plan for improving the effectiveness of ex ante expenditure controls, including the elimination of redundant procedures.

3

12/31/2008

SB

Macro criticality: Support containing expenditure, by minimizing risk of expenditure outside regular budget process.

3

2008-12-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-12-17

P1

R3

BLANK

SB

20.8

1.8. Budget preparation (e.g., submission or approval)

Submission to parliament of a draft 2009 budget that includes tax policy measures consistent with the tax policy reform program.

1

09/30/2008

CAN

At P1R2, benchmark eliminated, new set of benchmarks introduced for new timeline of tax reforms.

3

1

2008-09-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-12-17

P1

R3

BLANK

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Secure government approval of a liberalization strategy for SOFITEX (part-government owned cotton company) in collaboration with the World Bank (MEFP ¶22).

1

12/31/2007

M

N/A

3

1

2007-12-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-12-17

P1

R3

BLANK

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Conduct financial audit of SOFITEX with a view to supporting transparency and privatization.

2

03/31/2009

SB

Macro criticality: Increase transparency and limit budgetary risks.

3

2

2009-03-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-12-17

P1

R3

BLANK

SB

30.2

11.2. Natural resource and agricultural policies (excl. public enterprises and pricing)

Adopt a formula-based producer price mechanism for cotton linking the producer price to world prices in collaboration with the World Bank (MEFP ¶23).

1

06/30/2007

M

N/A

3

1

2007-06-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-12-17

P1

R3

BLANK

SPC

20.1

1.1. Revenue measures, excluding trade policy

Submit to National Assembly the tax policy reform including measures on VAT, business tax, and the investment code, to take effect with the 2010 budget (MEFP Text Table 1). On the VAT incorporate into the budget the higher thresholds for small, medium, and large enterprises in January 2010, and make small enterprises liable for simplified taxation instead of VAT, in accordance with IMF recommendations and WAEMU directives (MEFP ¶20).

1

10/31/2009

PC

Macro-criticality: Tax reform is key to raise revenues and reduce the fiscal deficit to ensure debt sustainability.

3

1

2009-10-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-12-17

P1

R3

BLANK

SPC

20.1

1.1. Revenue measures, excluding trade policy

Submit a comprehensive tax policy reform program to the National Assembly to take effect with the 2010 budget

2

12/31/2009

PC

At P1R2, a sb ("submit a comprehensive tax policy reform program to parliament"/12/31/08 test date) was converted to spc with 12/31/09 test date. This peformance criterion now reflects revised timing of previous benchmark.

3

2

2009-12-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-12-17

P1

R3

BLANK

SPC

20.2

1.2. Revenue administration, including customs

Use Sintax to generate a list of LTO late filers and nonfilers for the main tax categories (VAT, corporate income, tax on income from securities, and tax on income from real estate), and send reminders within a week after the declaration deadline (MEFP ¶27).

1

12/31/2007

W

At P1R1, not met, waiver granted, and continous implementation beginning February 1, 2008.

3

1

2007-12-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-12-17

P1

R3

BLANK

SPC

20.2

1.2. Revenue administration, including customs

Use Sintax to generate a list of LTO late filers and nonfilers for the main tax categories (VAT, corporate income, tax on income from securities, and tax on income from real estate), and send reminders within a week after the declaration deadline (MEFP ¶27).

1

06/30/2008

W

At P1R2, not met, waiver granted, given that the substance of the measure was achieved, and other corrective steps are being taken.

3

1

2008-06-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-12-17

P1

R3

BLANK

SPC

20.2

1.2. Revenue administration, including customs

Use Sintax to generate a list of LTO late filers and nonfilers for the main tax categories (VAT, corporate income, tax on income from securities, and tax on income from real estate), and send reminders within a week after the declaration deadline (MEFP ¶27).

1

Continuous

PC

At P1R0, spc to begin on 6/30/07, with a "continuous" test date thereafter. Continous implementation beginning February 1, 2008

3

1

2023-09-23

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-12-17

P1

R3

BLANK

SPC

20.2

1.2. Revenue administration, including customs

Implement the single customs declaration form (MEFP ¶28).

2

06/30/2007

W

At P1R1, not met, waiver granted; and implemented as of November 22, 2007.

3

2

2007-06-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-12-17

P1

R3

BLANK

SPC

20.2

1.2. Revenue administration, including customs

Set up a tax policy unit in the Ministry of Finance to formulate tax reforms and supervise implementation.

3

08/31/2008

M

New performance criterion established at R2.

3

2008-08-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2008-12-17

P1

R3

BLANK

SPC

25.2

6.2. Restructuring and privatization of financial institutions

Submission to Cabinet of financial sector action plan with timetable of reforms. The action plan, based on the FSAP recommendations, will cover the following areas: (i) facilitating cotton sector financing; (ii) reducing government ownership in the banking sector; and (iii) improving microfinance supervision (MEFP ¶24).

1

03/31/2009

PC

Macro-criticality: Reduce financial sector vulnerabilities and support growth.

3

1

2009-03-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Secure approval from the Council of Ministers for a tax policy reform strategy in line with Fund staff recommendations (MEFP ¶30).

5

12/31/2007

CAN

N/A

4

5

2007-12-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Submit a comprehensive tax policy reform program to parliament

8

12/31/2008

MOD-SPC

At P1R2, delayed until 2009, as part of the new timeline for tax policy reforms.

4

8

2008-12-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Submit a comprehensive tax policy reform program to parliament

8

10/31/2009

SB

N/A

4

8

2009-10-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Cabinet approval of comprehensive tax policy reform strategy

9

04/30/2008

MOD-DATE

At P1R2, not met, and expected to be met by September 2008, with new test date assigned.

4

9

2008-04-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Cabinet approval of comprehensive tax policy reform strategy

9

09/30/2008

M

Essentially met. Actual parliament approval on Oct. 1.

4

9

2008-09-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Submit to cabinet a comprehensive tax policy reform program in line with Fund recommendation and WAEMU community directives.

10

04/30/2009

NM

Introduced at R2. Macro criticality: Important step to raise tax revenues, which are low.

4

10

2009-04-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Submit to National Assembly the tax policy reform including measures on VAT, business tax, and the investment code, to take effect with the 2010 budget (MEFP Text Table 1). On the VAT incorporate into the budget the higher thresholds for small, medium, and large enterprises in January 2010, and make small enterprises liable for simplified taxation instead of VAT, in accordance with IMF recommendations and WAEMU directives (MEFP ¶20).

11

10/31/2009

SB

At R4, this benchmark was changed from a performance criterion.

4

11

2009-10-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Submit to the Council of Ministers detailed proposals on the reform of corporate tax, the investment code, and VAT, based on IMF recommendations, the strategy for comprehensive reform of tax policy, and WAEMU Community directives.

12

07/31/2009

SB

Introduced at R4. Macroeconomic rationale: important to raising tax revenue.

4

12

2009-07-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SB

20.2

1.2. Revenue administration, including customs

Put in place a mechanism to accelerate VAT refunds so that verified refund requests are paid within 90 days. (MEFP ¶27)

1

06/30/2007

MD

At P1R1, not met; implemented as of November 15, 2007.

4

1

2007-06-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SB

20.2

1.2. Revenue administration, including customs

Make main ASYCUDA modules fully functional in computerized offices and put them into operation, beginning with Ouagadougou (MEFP ¶28).

2

09/30/2007

NM

At P1R1, not met; expected to be met as of December 31, 2007.

4

2

2007-09-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SB

20.2

1.2. Revenue administration, including customs

Put in operation a computerized customs-specific valuation database in the computerized offices (MEFP ¶28).

3

09/30/2007

M

N/A

4

3

2007-09-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SB

20.2

1.2. Revenue administration, including customs

Submit the single tax code to parliament consolidating all tax legislation (MEFP ¶30).

4

12/31/2007

M

N/A

4

2007-12-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SB

20.2

1.2. Revenue administration, including customs

During the third quarter of 2008, assign at least 30 percent of customs declarations to the green and blue channels and keep the percentage of declarations thus selected but assigned for futher controls by individual inspectors to less than 10 percent.

6

09/30/2008

MOD-SB

At P1R2, delayed until December 2008, with revised threshold revised from 50 to 30 percent to address revenue concerns.

4

6

2008-09-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SB

20.2

1.2. Revenue administration, including customs

During the third quarter of 2008, assign at least 30 percent of customs declarations to the green and blue channels and keep the percentage of declarations thus selected but assigned for futher controls by individual inspectors to less than 10 percent.

6

12/31/2008

NM

This test date applies to the fourth quarter period. Macro-criticality: Limit discretion at customs, increase revenues, and improve governance. At R4, 30% objective met but assignments for further controls are at 13%.

4

6

2008-12-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SB

20.2

1.2. Revenue administration, including customs

Raise VAT thresholds for large, medium and small taxpayers and subject small taxpayers to simplified taxation instead of VAT, in line with Fund recommendation and WAEMU community directives.

7

06/30/2008

MOD-DATE

At P1R2, sb modified from "harmonize VAT thresholds for large, medium, and small taxpayers and subject small taxpayers to simplified taxation instead of VAT, in line with Fund recommendations" with 6/30/08 test date, to current sb to allow for harmonization with WAEMU, with 9/30/09 test date.

4

7

2008-06-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SB

20.2

1.2. Revenue administration, including customs

Raise VAT thresholds for large, medium and small taxpayers and subject small taxpayers to simplified taxation instead of VAT, in line with Fund recommendation and WAEMU community directives.

7

09/30/2009

SB

N/A

4

7

2009-09-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SB

20.2

1.2. Revenue administration, including customs

Electronically connect five additional border posts and the General Directorate of Customs.

8

12/31/2009

SB

This benchmark introduced at R4. Macroeconomic rationale: limit discretion at customs, increase revenues, and improve governance.

4

8

2009-12-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SB

20.3

1.3. Expenditure measures, including arrears clearance

Submission to Cabinet of plan to clear outstanding payments identified in the domestic debt audit.

1

03/31/2009

M

Macro criticality: Increase transparency and improve economic governance.

4

1

2009-03-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Introduce a comprehensive system for tracking foreign-financed expenditures (MEFP ¶32).

1

12/31/2007

CAN

N/A

4

1

2007-12-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Introduce system for tracking poverty-reducing expenditures in order to track all self-financed spending except for personnel expenditures.

2

06/30/2008

MOD-DATE

At P1R2, delayed, benchmark set for end-September '08 to introduce partial system. Reworded from "introduce comprehensive system for tracking poverty reducing expenditures" to current sb with 9/30/08 test date.

4

2

2008-06-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Introduce system for tracking poverty-reducing expenditures in order to track all self-financed spending except for personnel expenditures.

2

09/30/2008

MOD-DATE

In progress.

4

2

2008-09-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Introduce system for tracking poverty-reducing expenditures in order to track all self-financed spending except for personnel expenditures.

2

02/28/2009

M

With limited expenditure envelope, increase efficiency and composition.

4

2

2009-02-28

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Develop an action plan for improving the effectiveness of ex ante expenditure controls, including the elimination of redundant procedures.

3

12/31/2008

NM

Macro criticality: Support containing expenditure, by minimizing risk of expenditure outside regular budget process. At R4, this benchmark is delayed until January 2009.

4

3

2008-12-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Improve performance of the system for monitoring poverty reduction expenditure, incorporating all expenditure financed by own resources except for personnel.

4

09/30/2009

SB

This benchmark introduced at R4. Macroeconomic rationale: increase efficiency of expenditure.

4

2009-09-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SB

20.8

1.8. Budget preparation (e.g., submission or approval)

Submission to parliament of a draft 2009 budget that includes tax policy measures consistent with the tax policy reform program.

1

09/30/2008

CAN

At P1R2, benchmark eliminated, new set of benchmarks introduced for new timeline of tax reforms.

4

1

2008-09-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Secure government approval of a liberalization strategy for SOFITEX (part-government owned cotton company) in collaboration with the World Bank (MEFP ¶22).

1

12/31/2007

M

N/A

4

1

2007-12-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Conduct financial audit of SOFITEX with a view to supporting transparency and privatization.

2

03/31/2009

M

Macro criticality: Increase transparency and limit budgetary risks.

4

2

2009-03-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Submit for discussion by the SOFITEX Board of Directors an action and monitoring plan based on financial and operational audits.

3

09/30/2009

SB

This benchmark introduced at R4. Macroeconomic rationale: increase transparency and limit budgetary risks.

4

3

2009-09-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Have the Council of Ministers adopt a comprehensive, detailed action plan for strengthening the financial sector, with a timetable for major reforms.

1

01/31/2010

SB

This benchmark introduced at R4. Macroeconomic rationale: reduce financial sector vulnerabilities and support growth.

4

1

2010-01-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SB

30.2

11.2. Natural resource and agricultural policies (excl. public enterprises and pricing)

Adopt a formula-based producer price mechanism for cotton linking the producer price to world prices in collaboration with the World Bank (MEFP ¶23).

1

06/30/2007

M

N/A

4

1

2007-06-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SPC

20.1

1.1. Revenue measures, excluding trade policy

Submit to National Assembly the tax policy reform including measures on VAT, business tax, and the investment code, to take effect with the 2010 budget (MEFP Text Table 1). On the VAT incorporate into the budget the higher thresholds for small, medium, and large enterprises in January 2010, and make small enterprises liable for simplified taxation instead of VAT, in accordance with IMF recommendations and WAEMU directives (MEFP ¶20).

1

10/31/2009

MOD-SB

Macro-criticality: Tax reform is key to raise revenues and reduce the fiscal deficit to ensure debt sustainability. At R4, this performance criterion is changed to a benchmark.

4

1

2009-10-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SPC

20.1

1.1. Revenue measures, excluding trade policy

Submit a comprehensive tax policy reform program to the National Assembly to take effect with the 2010 budget

2

12/31/2009

MOD-SB

At P1R2, a sb ("submit a comprehensive tax policy reform program to parliament"/12/31/08 test date) was converted to spc with 12/31/09 test date. This peformance criterion now reflects revised timing of previous benchmark. This condition has been modified and coverted to a sb

4

2

2009-12-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SPC

20.2

1.2. Revenue administration, including customs

Use Sintax to generate a list of LTO late filers and nonfilers for the main tax categories (VAT, corporate income, tax on income from securities, and tax on income from real estate), and send reminders within a week after the declaration deadline (MEFP ¶27).

1

12/31/2007

W

At P1R1, not met, waiver granted, and continous implementation beginning February 1, 2008.

4

1

2007-12-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SPC

20.2

1.2. Revenue administration, including customs

Use Sintax to generate a list of LTO late filers and nonfilers for the main tax categories (VAT, corporate income, tax on income from securities, and tax on income from real estate), and send reminders within a week after the declaration deadline (MEFP ¶27).

1

06/30/2008

W

At P1R2, not met, waiver granted, given that the substance of the measure was achieved, and other corrective steps are being taken.

4

1

2008-06-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SPC

20.2

1.2. Revenue administration, including customs

Use Sintax to generate a list of LTO late filers and nonfilers for the main tax categories (VAT, corporate income, tax on income from securities, and tax on income from real estate), and send reminders within a week after the declaration deadline (MEFP ¶27).

1

Continuous

PC

At P1R0, spc to begin on 6/30/07, with a "continuous" test date thereafter. Continous implementation beginning February 1, 2008

4

1

2023-09-23

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SPC

20.2

1.2. Revenue administration, including customs

Implement the single customs declaration form (MEFP ¶28).

2

06/30/2007

W

At P1R1, not met, waiver granted; and implemented as of November 22, 2007.

4

2

2007-06-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SPC

20.2

1.2. Revenue administration, including customs

Set up a tax policy unit in the Ministry of Finance to formulate tax reforms and supervise implementation.

3

08/31/2008

M

New performance criterion established at R2.

4

3

2008-08-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-06-22

P1

R4

BLANK

SPC

25.2

6.2. Restructuring and privatization of financial institutions

Submission to Cabinet of financial sector action plan with timetable of reforms. The action plan, based on the FSAP recommendations, will cover the following areas: (i) facilitating cotton sector financing; (ii) reducing government ownership in the banking sector; and (iii) improving microfinance supervision (MEFP ¶24).

1

03/31/2009

M

Macro-criticality: Reduce financial sector vulnerabilities and support growth.

4

1

2009-03-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-12-14

P1

R5

L

SB

20.1

1.1. Revenue measures, excluding trade policy

Secure approval from the Council of Ministers for a tax policy reform strategy in line with Fund staff recommendations (MEFP ¶30).

5

12/31/2007

CAN

N/A

5

2007-12-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-12-14

P1

R5

L

SB

20.1

1.1. Revenue measures, excluding trade policy

Submit a comprehensive tax policy reform program to parliament

8

12/31/2008

MOD-SPC

At P1R2, delayed until 2009, as part of the new timeline for tax policy reforms.

5

8

2008-12-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-12-14

P1

R5

L

SB

20.1

1.1. Revenue measures, excluding trade policy

Submit a comprehensive tax policy reform program to parliament

8

10/31/2009

M

N/A

5

8

2009-10-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-12-14

P1

R5

L

SB

20.1

1.1. Revenue measures, excluding trade policy

Cabinet approval of comprehensive tax policy reform strategy

9

04/30/2008

MOD-DATE

At P1R2, not met, and expected to be met by September 2008, with new test date assigned.

5

9

2008-04-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-12-14

P1

R5

L

SB

20.1

1.1. Revenue measures, excluding trade policy

Cabinet approval of comprehensive tax policy reform strategy

9

09/30/2008

M

Essentially met. Actual parliament approval on Oct. 1.

5

9

2008-09-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-12-14

P1

R5

L

SB

20.1

1.1. Revenue measures, excluding trade policy

Submit to cabinet a comprehensive tax policy reform program in line with Fund recommendation and WAEMU community directives.

10

04/30/2009

NM

Introduced at R2. Macro criticality: Important step to raise tax revenues, which are low.

5

10

2009-04-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-12-14

P1

R5

L

SB

20.1

1.1. Revenue measures, excluding trade policy

Submit to National Assembly the tax policy reform including measures on VAT, business tax, and the investment code, to take effect with the 2010 budget (MEFP Text Table 1). On the VAT incorporate into the budget the higher thresholds for small, medium, and large enterprises in January 2010, and make small enterprises liable for simplified taxation instead of VAT, in accordance with IMF recommendations and WAEMU directives (MEFP ¶20).

11

10/31/2009

M

At R4, this benchmark was changed from a performance criterion. Met at R5.

5

11

2009-10-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-12-14

P1

R5

L

SB

20.1

1.1. Revenue measures, excluding trade policy

Submit to the Council of Ministers detailed proposals on the reform of corporate tax, the investment code, and VAT, based on IMF recommendations, the strategy for comprehensive reform of tax policy, and WAEMU Community directives.

12

07/31/2009

M

Introduced at R4. Macroeconomic rationale: important to raising tax revenue. Met at R5.

5

12

2009-07-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-12-14

P1

R5

L

SB

20.2

1.2. Revenue administration, including customs

Put in place a mechanism to accelerate VAT refunds so that verified refund requests are paid within 90 days. (MEFP ¶27)

1

06/30/2007

MD

At P1R1, not met; implemented as of November 15, 2007.

5

1

2007-06-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-12-14

P1

R5

L

SB

20.2

1.2. Revenue administration, including customs

Make main ASYCUDA modules fully functional in computerized offices and put them into operation, beginning with Ouagadougou (MEFP ¶28).

2

09/30/2007

NM

At P1R1, not met; expected to be met as of December 31, 2007.

5

2

2007-09-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-12-14

P1

R5

L

SB

20.2

1.2. Revenue administration, including customs

Put in operation a computerized customs-specific valuation database in the computerized offices (MEFP ¶28).

3

09/30/2007

M

N/A

5

3

2007-09-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-12-14

P1

R5

L

SB

20.2

1.2. Revenue administration, including customs

Submit the single tax code to parliament consolidating all tax legislation (MEFP ¶30).

4

12/31/2007

M

N/A

5

4

2007-12-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-12-14

P1

R5

L

SB

20.2

1.2. Revenue administration, including customs

During the third quarter of 2008, assign at least 30 percent of customs declarations to the green and blue channels and keep the percentage of declarations thus selected but assigned for futher controls by individual inspectors to less than 10 percent.

6

09/30/2008

MOD-SB

At P1R2, delayed until December 2008, with revised threshold revised from 50 to 30 percent to address revenue concerns.

5

6

2008-09-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-12-14

P1

R5

L

SB

20.2

1.2. Revenue administration, including customs

During the third quarter of 2008, assign at least 30 percent of customs declarations to the green and blue channels and keep the percentage of declarations thus selected but assigned for futher controls by individual inspectors to less than 10 percent.

6

12/31/2008

NM

This test date applies to the fourth quarter period. Macro-criticality: Limit discretion at customs, increase revenues, and improve governance. At R4, 30% objective met but assignments for further controls are at 13%.

5

6

2008-12-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-12-14

P1

R5

L

SB

20.2

1.2. Revenue administration, including customs

Raise VAT thresholds for large, medium and small taxpayers and subject small taxpayers to simplified taxation instead of VAT, in line with Fund recommendation and WAEMU community directives.

7

06/30/2008

MOD-DATE

At P1R2, sb modified from "harmonize VAT thresholds for large, medium, and small taxpayers and subject small taxpayers to simplified taxation instead of VAT, in line with Fund recommendations" with 6/30/08 test date, to current sb to allow for harmonization with WAEMU, with 9/30/09 test date.

5

7

2008-06-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-12-14

P1

R5

L

SB

20.2

1.2. Revenue administration, including customs

Raise VAT thresholds for large, medium and small taxpayers and subject small taxpayers to simplified taxation instead of VAT, in line with Fund recommendation and WAEMU community directives.

7

09/30/2009

SB

This was not monitored at R5. (No status update provided in EBS/09/192).

5

7

2009-09-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-12-14

P1

R5

L

SB

20.2

1.2. Revenue administration, including customs

Electronically connect five additional border posts and the General Directorate of Customs.

8

12/31/2009

SB

This benchmark introduced at R4. Macroeconomic rationale: limit discretion at customs, increase revenues, and improve governance.

5

8

2009-12-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-12-14

P1

R5

L

SB

20.3

1.3. Expenditure measures, including arrears clearance

Submission to Cabinet of plan to clear outstanding payments identified in the domestic debt audit.

1

03/31/2009

M

Macro criticality: Increase transparency and improve economic governance.

5

1

2009-03-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-12-14

P1

R5

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Introduce a comprehensive system for tracking foreign-financed expenditures (MEFP ¶32).

1

12/31/2007

CAN

N/A

5

1

2007-12-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-12-14

P1

R5

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Introduce system for tracking poverty-reducing expenditures in order to track all self-financed spending except for personnel expenditures.

2

06/30/2008

MOD-DATE

At P1R2, delayed, benchmark set for end-September '08 to introduce partial system. Reworded from "introduce comprehensive system for tracking poverty reducing expenditures" to current sb with 9/30/08 test date.

5

2

2008-06-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-12-14

P1

R5

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Introduce system for tracking poverty-reducing expenditures in order to track all self-financed spending except for personnel expenditures.

2

09/30/2008

NM

In progress.

5

2

2008-09-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-12-14

P1

R5

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Introduce system for tracking poverty-reducing expenditures in order to track all self-financed spending except for personnel expenditures.

2

02/28/2009

M

With limited expenditure envelope, increase efficiency and composition.

5

2

2009-02-28

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-12-14

P1

R5

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Develop an action plan for improving the effectiveness of ex ante expenditure controls, including the elimination of redundant procedures.

3

12/31/2008

NM

Macro criticality: Support containing expenditure, by minimizing risk of expenditure outside regular budget process. At R4, this benchmark is delayed until January 2009.

5

3

2008-12-31

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-12-14

P1

R5

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Improve performance of the system for monitoring poverty reduction expenditure, incorporating all expenditure financed by own resources except for personnel.

4

09/30/2009

M

This benchmark introduced at R4. Macroeconomic rationale: increase efficiency of expenditure. Met at R5.

5

4

2009-09-30

N/A

578

BURKINA FASO

748

PRGF

2007-04-23

2,007

2010-04-22

2,010

N/A

2009-12-14

P1

R5

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Produce on a continuous basis a quarterly report on poverty reducing expenditures based on the new system.

5

03/31/2010

SB

Introduced at R5.

5

2010-03-31

N/A