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Fiscal Policy Implementation in Sub-Saharan Africa

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  • Lledó, Victor
  • Poplawski-Ribeiro, Marcos

Abstract

This paper investigates economic 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 fragile the rule of law in the country, and the weaker the institutions framing the implementation of the annual fiscal budget. The findings support ongoing efforts in the region to enhance forecasting capacity; adopt realistic fiscal plans; and strengthen governance and public financial management procedures, with a focus on accounting, reporting, and external controls of government’s fiscal accounts.

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Bibliographic Info

Article provided by Elsevier in its journal World Development.

Volume (Year): 46 (2013)
Issue (Month): C ()
Pages: 79-91

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Handle: RePEc:eee:wdevel:v:46:y:2013:i:c:p:79-91

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Web page: http://www.elsevier.com/locate/worlddev

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Keywords: fiscal policy; policy implementation; budget institutions; sub-Saharan Africa;

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Cited by:
  1. Ley, Eduardo & Misch, Florian, 2013. "Real-time macro monitoring and fiscal policy," Policy Research Working Paper Series 6303, The World Bank.
  2. Cimadomo, Jacopo, 2011. "Real-time data and fiscal policy analysis: a survey of the literature," Working Paper Series 1408, European Central Bank.
  3. Juliana Dutra Araujo & Grace Bin Li & Marcos Poplawski-Ribeiro & Luis-Felipe Zanna, 2013. "Current Account Norms in Natural Resource Rich and Capital Scarce Economies," IMF Working Papers 13/80, International Monetary Fund.
  4. Fadia Al Hajj & Gilles Dufrénot, & Kimiko Sugimoto & Romain Wolf, 2013. "Reactions to Shocks and Monetary Policy Regimes: Inflation Targeting Versus Flexible Currency Board in Ghana, South Africa and the WAEMU," William Davidson Institute Working Papers Series wp1062, William Davidson Institute at the University of Michigan.

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