IMF Working Papers

Fiscal Policy Implementation in Sub-Saharan Africa

By Victor Duarte Lledo, Marcos Poplawski Ribeiro

July 1, 2011

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Victor Duarte Lledo, and Marcos Poplawski Ribeiro. Fiscal Policy Implementation in Sub-Saharan Africa, (USA: International Monetary Fund, 2011) accessed November 23, 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

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.

Subject: Budget execution and treasury management, Budget planning and preparation, Econometric analysis, Estimation techniques, Fiscal policy, Public financial management (PFM), Revenue performance assessment, Tax gap

Keywords: Absolute value, Africa, Budget execution and treasury management, Budget institutions, Budget planning and preparation, Budget procedure, Estimation techniques, Expenditure implementation gap, Fiscal policy, Fiscal policy implementation, Fiscal policy implementation gap, Fiscal policy implementation model, Implementation gap, Null hypothesis, Policy implementation, Procedure indices, Revenue shortfall, Revenues spread, SSA authorities, SSA budget, SSA country, Sub-Saharan Africa, Tax gap, Terms of trade, WP

Publication Details

  • Pages:

    46

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2011/172

  • Stock No:

    WPIEA2011172

  • ISBN:

    9781462314317

  • ISSN:

    1018-5941