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

August 1, 1997

Preview Citation

Format: Chicago

Sena Eken. Fiscal Policy and Growth in the Middle East and North Africa Region, (USA: International Monetary Fund, 1997) accessed November 21, 2024

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.

Subject: Current spending, Expenditure, Fiscal policy, Fiscal stance, Revenue administration

Keywords: Asia and Pacific, Current spending, Expenditure reduction, Fiscal Policy, Fiscal stance, Government consumption expenditure, Growth, Inflation rate, MENA country, MENA government, MENA region, Middle East, Middle East and North Africa, North Africa, Sub-Saharan Africa, Terms of trade, Western Hemisphere, WP

Publication Details

Pages:

46
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1997/101
Stock No:

WPIEA1011997
ISBN:

9781451948561
ISSN:

1018-5941

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