The Composition of Fiscal Adjustment and Growth: Lessons from Fiscal Reforms in Eight Economies

ByGeorge A Mackenzie, Philip R. Gerson, David William Harold Orsmond

April 3, 1997

Summary

This study examines the composition of fiscal adjustment - tax and expenditure policies and administrative procedures, and some aspects of public enterprise reform - in a sample of eight countries (Bangladesh, Chile, Ghana, India, Mexico, Morocco, Senegal, and Thailand) during a period of fiscal reform (usually 1978-93), to determine whether and to what extent the fiscal reforms fostered growth during the adjustment period.

Subject: Capital spending, Economic sectors, Expenditure, Fiscal policy, Income, Income and capital gains taxes, National accounts, Public enterprises, Public financial management (PFM), Public sector, Taxes

Keywords: Capital spending, country, expenditure program, expenditure reduction, finance government expenditure, Global, government finance statistics yearbook, IMF staff country report, Income, Income and capital gains taxes, Middle East, OP, policy issue, policy reform, Public enterprises, public expenditure management systems, Public sector, services tax, tax category

Pages:
78
Volume:
1997
DOI:
https://doi.org/10.5089/9781557756299.084
Issue:
001
Series:
Occasional Paper No. 1997/001
Stock No:
S149EA0000000
ISBN:
9781557756299
ISSN:
0251-6365

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Occasional Papers