number of major revenue-producing items. As a result of these measures, the current revenue/GDP ratio rose from a low 5.5 per cent in 1980 tc a high 42.9 per cent in 1981. 3/ Such an economic classification would consist of a categorization of government expenditure broken down into wages and salaries, current purchases of goods and services, interest payments, subsidies and other current transfers. 4/ Fer instance, in Egypt the cost of subsidies on essen­tial -commodities rose from $280 million in 1975 to $2.1 billion in 1981. 5/ These countries are Benin, the Ivory Coast, the Niger, Senegal and Togo. £/ This ratio is high when compared with ether regions of the developing world. The 1980 figures were 1.9 per cent for Asia and 1.5 per cent fer Latin America. 7/ Domestic financing has three components: (a) dCir.estic· · borrowing from the public; (b) use of money ceposite c in the banks; and (£) borrowing from monetary authorities. 8/ Currency outside banks, net cemand deposits ~lus time anc savings deposits. 9/ The median is the value representee by the "middle" country in the sense that half of all countries in the grcup have hi@her ratios anc half cf them lower ones. 10/ In 1980, the median rate of increase in the money sup­ ply was equal to that of GDP at current factor cost. 108 E/ECA /CM. 9/5 11/ There was probably a decrease in subsidies on basic food -commodities in many other countries due to the adjustment programmes sponsored by IMF ana the World Bank. 12/ These figures cover 24 countries fer which data were available on food prices. 13/ World Economic Outlook, (Washingt en, IMF, 1 982), p. 1 22. Occasi anal Paper No.9 14/ IMF constructs an indeY of real effective eYchange rates--by multiplying an import-weighted effective eY-change rate 