Macro-Fiscal Management Practices in Eastern and Southern Africa
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Summary:
This paper examines the institutional arrangements of the macro-fiscal function in 16 African countries. Most ministries of finance (MoFs) have established a macro-fiscal department or unit, but their functions, size, structure and outputs vary considerably. Based on a survey, we present data on staff size, functional scope and the forecasting performance of macro-fiscal departments and identify common challenges in the countries reviewed. Some MoFs perform many macro-fiscal functions, but actions of various kinds are needed to strengthen their macro-fiscal departments. This paper provides some guidance for policy-makers in the region for enhancing the quality and scope of macro-fiscal outputs.
Series:
Working Paper No. 2021/030
Subject:
Budget planning and preparation Fiscal policy Fiscal risks Macroeconomic and fiscal forecasts Medium-term budget frameworks
Frequency:
regular
English
Publication Date:
February 5, 2021
ISBN/ISSN:
9781513567730/1018-5941
Stock No:
WPIEA2021030
Pages:
38
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