Fiscal Policy Implementation in Sub-Saharan Africa

Victor Lledo and Marcos Poplawski Ribeiro
Authors registered in the RePEc Author Service: Marcos Poplawski-Ribeiro

No 2011/172, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: WP; implementation gap; null hypothesis; SSA country; absolute value; fiscal policy; policy implementation; budget institutions; sub-Saharan Africa; fiscal policy implementation; terms of trade; SSA authorities; SSA budget; revenues spread; fiscal policy implementation gap; revenue shortfall; procedure indices; fiscal policy implementation model; expenditure implementation gap; budget procedure; Estimation techniques; Budget planning and preparation; Budget execution and treasury management; Tax gap; Africa (search for similar items in EconPapers)
Pages: 46
Date: 2011-07-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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Journal Article: Fiscal Policy Implementation in Sub-Saharan Africa (2013)
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