Fiscal Policy Implementation in Sub-Saharan Africa
Electronic Access:
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Summary:
This paper investigates economic, political, and institutional constraints to fiscal policy implementation in sub-saharan Africa. We find that planned fiscal adjustments or expansions are less likely to be implemented the larger they are, the more inaccurate the growth forecasts they are based on, the more fragile the regulatory system in the country, and the weaker the institutions framing the design, approval, and execution of the budget. The findings support ongoing efforts in the region to improve the quality and timeliness of economic data; enhance forecasting capacity; adopt realistic fiscal plans; and strengthen governance, budgetary institutions, and public financial management procedures.
Series:
Working Paper No. 2011/172
Subject:
Budget execution and treasury management Budget planning and preparation Econometric analysis Estimation techniques Fiscal policy Public financial management (PFM) Revenue performance assessment Tax gap
English
Publication Date:
July 1, 2011
ISBN/ISSN:
9781462314317/1018-5941
Stock No:
WPIEA2011172
Pages:
46
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