Fiscal Policy Implementation in Sub-Saharan Africa

Author/Editor:

Victor Duarte Lledo ; Marcos Poplawski-Ribeiro

Publication Date:

July 1, 2011

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:

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. 11/172

Subject:

English

Publication Date:

July 1, 2011

ISBN/ISSN:

9781462314317/1018-5941

Stock No:

WPIEA2011172

Format:

Paper

Pages:

46

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