Table 2 Budget balance conditions in recent IMF programs
From: Social protection and the International Monetary Fund: promise versus performance
| Â | Program initiation year | Budget balance condition | Year 1 | Year 2 | Inflation | Year 2, inflation adjusted | Percentage change, inflation adjusted |
|---|---|---|---|---|---|---|---|
Argentina | 2022 | Floor | -2017.2 | -3286.5 | 112.4 | -1547.3 | -23% |
Benin | 2022 | Floor | -135.7 | -13.1 | 3.3 | -12.7 | -91% |
Cabo Verde | 2022 | Floor | -7.8 | -6.3 | 4.5 | -6.0 | -22% |
Cameroon | 2021 | Floor | -1078.0 | -1083.0 | 5.7 | -1024.6 | -5% |
Chad | 2021 | Floor | -440.0 | -325.0 | 10.3 | -294.7 | -33% |
Congo, D.R. | 2021 | Floor | -232.0 | -2735.0 | 6.3 | -2572.9 | 1009% |
Congo, Rep. | 2022 | Floor | -506.0 | -523.0 | -4.5 | -547.6 | 8% |
Costa Rica | 2021 | Floor | -700.0 | 287.0 | 5.8 | 271.3 | -139% |
Ecuador | 2020 | Floor | -3.9 | -4.1 | 2.6 | -4.0 | 2% |
Gabon | 2021 | Floor | -458.9 | -470.8 | 20.6 | -390.4 | -15% |
Kenya | 2021 | Floor | -507.8 | -421.2 | 6 | -397.4 | -22% |
Madagascar | 2021 | Floor | -1426.0 | -888.0 | 7 | -829.9 | -42% |
Mozambique | 2022 | Floor | 2.7 | 7.5 | 8.1 | 6.9 | 157% |
Niger | 2021 | Floor | -484.6 | -553.2 | 3.9 | -532.4 | 10% |
Sudan | 2021 | Floor | -476.0 | -296.0 | 41.5 | -209.2 | -56% |
Suriname | 2021 | Floor | 0.3 | 3.0 | 45.6 | 2.1 | 518% |
Uganda | 2021 | Floor | -10754.0 | -6808.0 | 8.2 | -6292.1 | -41% |
Zambia | 2022 | Floor | -8.5 | 1.1 | 12.1 | 0.9 | -111% |
Afghanistan | 2020 | Ceiling | 154.0 | 108.0 | 4.4 | 103.4 | -33% |
Jordan | 2020 | Ceiling | 1.8 | 1.6 | 1.3 | 1.6 | -10% |
Nepal | 2022 | Ceiling | 296.3 | 256.5 | 6.3 | 241.3 | -19% |