text: 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
analysis: The text appears to be discussing the economic situation in Africa, specifically the constraints on economic growth and development, fiscal and monetary policies, and their effects on domestic prices. The language used is technical and focused on economic indicators such as GDP, revenue, and inflation rates. The text does not mention any specific industries, natural resources, or environmental issues, but rather provides an overview of the economic situation in Africa.