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Fiscal Policy Implementation in Sub-Saharan Africa

  • Victor Duarte Lledo
  • Marcos Poplawski-Ribeiro

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.

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Paper provided by International Monetary Fund in its series IMF Working Papers with number 11/172.

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Length: 46
Date of creation: 01 Jul 2011
Date of revision:
Handle: RePEc:imf:imfwpa:11/172
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  1. Binh, Tran-Nam & McGillivray, Mark, 1993. "Foreign aid, taxes and public investment A comment," Journal of Development Economics, Elsevier, vol. 41(1), pages 173-176, June.
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  4. Alfredo Baldini & Marcos Poplawski-Ribeiro, 2011. "Fiscal and Monetary Determinants of Inflation in Low-Income Countries: Theory and Evidence from Sub-Saharan Africa-super- †," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 20(3), pages 419-462, June.
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  11. John Lewis, 2013. "Fiscal policy in Central and Eastern Europe with real time data: cyclicality, inertia and the role of EU accession," Applied Economics, Taylor & Francis Journals, vol. 45(23), pages 3347-3359, August.
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  13. repec:imf:imfwpa:08/237 is not listed on IDEAS
  14. repec:imf:imfwpa:11/232 is not listed on IDEAS
  15. Feeny, Simon & McGillivray, Mark, 2009. "Aid and Public Sector Fiscal Behaviour in Failing States," MPRA Paper 21801, University Library of Munich, Germany.
  16. Jacopo Cimadomo, 2007. "Fiscal Policy in Real Time," Working Papers 2007-10, CEPII research center.
  17. Giuliodori, Massimo & Beetsma, Roel, 2008. "On the relationship between fiscal plans in the European Union: An empirical analysis based on real-time data," Journal of Comparative Economics, Elsevier, vol. 36(2), pages 221-242, June.
  18. Davide Furceri & Marcos Poplawski Ribeiro, 2009. "Government Consumption Volatility and the Size of Nations," OECD Economics Department Working Papers 687, OECD Publishing.
  19. Gang, Ira N., 1993. "Reply to Tran-Nam Binh and Mark McGillivray, 'foreign aid, taxes and public investment: A comment'," Journal of Development Economics, Elsevier, vol. 41(1), pages 177-178, June.
  20. Mario Mansour & Michael Keen, 2009. "Revenue Mobilization in Sub-Saharan Africa: Challenges From Globalization," IMF Working Papers 09/157, International Monetary Fund.
  21. Athanasios Orphanides, 1998. "Monetary policy rules based on real-time data," Finance and Economics Discussion Series 1998-03, Board of Governors of the Federal Reserve System (U.S.).
  22. Gösta Ljungman, 2009. "Top-Down Budgeting: An Instrument to Strengthen Budget Management," IMF Working Papers 09/243, International Monetary Fund.
  23. Ale Bulir & A. Javier Hamann, 2003. "Aid Volatility: An Empirical Assessment," IMF Staff Papers, Palgrave Macmillan, vol. 50(1), pages 4.
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  26. Rajkumar, Andrew Sunil & Swaroop, Vinaya, 2008. "Public spending and outcomes: Does governance matter?," Journal of Development Economics, Elsevier, vol. 86(1), pages 96-111, April.
  27. Sophia Gollwitzer & Eteri Kvintradze & Tej Prakash & Luis-Felipe Zanna & Era Dabla-Norris & Richard Allen & Irene Yackovlev & Victor Duarte Lledo, 2010. "Budget Institutions and Fiscal Performance in Low-Income Countries," IMF Working Papers 10/80, International Monetary Fund.
  28. Carmignani, Fabrizio, 2010. "Cyclical fiscal policy in Africa," Journal of Policy Modeling, Elsevier, vol. 32(2), pages 254-267, March.
  29. Gomez-Puig, Marta, 2006. "Size matters for liquidity: Evidence from EMU sovereign yield spreads," Economics Letters, Elsevier, vol. 90(2), pages 156-162, February.
  30. Sophia Gollwitzer, 2011. "Budget Institutions and Fiscal Performance in Africa," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 20(1), pages 111-152, January.
  31. Marcos Poplawski Ribeiro, 2009. "New Evidence on the Effectiveness of Europe's Fiscal Restrictions," Working Papers 2009-13, CEPII research center.
  32. John M. Kim & Chung-Keun Park, 2006. "Top-down Budgeting as a Tool for Central Resource Management," OECD Journal on Budgeting, OECD Publishing, vol. 6(1), pages 87-125.
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