An Economist at the International Monetary Fund (IMF), Mathew Sandy, said “the Ebola epidemic eroded the non-mineral revenue base, weakened compliance with tax regulations, making it more challenging to meet revenue targets."
He said, coincidentally, revenue performance was also adversely affected by difficulties in the iron ore sector.
On the expenditure side, as additional budgeted resources were devoted to the fight against Ebola, current expenditure overrun was offset by lower than budgeted capital spending with negative consequences for planned public investment.
The Economist reiterated that, as a result in 2014, the fiscal deficit widened reflecting both the impact of Ebola, and additionally, the lower iron ore prices.
“The economic and social toll is profound. [...]