Decace. It is important to e~phasize that the cornpletion of Decace prcject~ in itself inficates only that a ~eans has been made available and not necessarily that an en6 has teen achieve~ fer in tbe final analysis it is the use cf transport ane com­ munic~tions f2cilities which ccunts ant not jvst their availability, an~ such use can be measured ane compare~ only in terrr.c cf annual tonnares, num1ers of pa.ssencers or increased mov6~ents of transport units. Notes 1/ 91Survev cf economic e.nc< social 197Y-l980n (E~CN.l4/802), Part I, pp. econcr.Jic anc social condtions in ( E/EC/, /CM. 8/17 J, pp. 159-171 . c en Cit ions 104-110; Africa, i r: Africa, "~;t:rvev of 1980-l981" . 2./ Bulle-tin ce 1 'Africue ndre, 18 November 1982. 94 E/ECA /CM. 9/5 V. FISCAL, ~10NETARY, PRICE AND FINANCIAL D:EV::LOPf.TEHTS Int rocucti on 1. More than ever, economic crowth a.nc cevelcr,ment in ,\frica were constrained in 1981 by financial ccnsicerv~ions. Althcurh Goverments continued to eypanc their resource r.'cbilisaticn ef­ forts, their eypenditure fell short of reouirements anc lec_to increeasine pressure on the bankinr system tc sustain moc'erate frowth in capital outlays. Money supply continued tc increaEe, albeit at a recucec rate, with the result that ~omestic rrices soared by about 25 per cent. These three asrects of ~c~estic finance -fiscal, monetary and price development~ -are eYamined below. A. Fiscal cevelorments 2. Against a backpround of sta[nating or ever: fallinr output, African Governments continued to increase tr.-::: mobilization cf their domestic resources in 1981. The weiehtec 'lverare ratio 1 I of orcina ry revenue to GDP rose stea ci ly f rw ;~4. 8 re r cent in 1979 td 29.3 per cent in 1980 and 30.4 per cen~ in 1981. This rise reflects, in part, a secular trend towarb: the rr:onetariza­