Fiscal Policy and Growth in the Middle East and North Africa Region

Author/Editor:

Sena Eken

Publication Date:

August 1, 1997

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

Establishing a policy framework to sustain high rates of growth is a major challenge facing the economies of the Middle East and North Africa. Given the strikingly dominant role of governments in these economies, this paper focuses on the contribution of fiscal consolidation and reform toward addressing this challenge. On the basis of an examination of fiscal structures, reform and adjustment efforts, and their growth implications during 1980-95, it concludes that the ongoing process of fiscal reform—aimed at reducing budget deficits, improving the budgetary structure, and enhancing the effectiveness of government interventions—is key to ensuring macroeconomic stability and fostering growth.

Series:

Working Paper No. 97/101

Subject:

English

Publication Date:

August 1, 1997

ISBN/ISSN:

9781451948561/1018-5941

Stock No:

WPIEA1011997

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

46

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