Macro-Fiscal Management Practices in Eastern and Southern Africa

February 5, 2021

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Format: Chicago

Bryn Battersby, and Ian Lienert. Macro-Fiscal Management Practices in Eastern and Southern Africa, (USA: International Monetary Fund, 2021) accessed December 22, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

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.

Subject: Budget planning and preparation, Fiscal policy, Fiscal risks, Macroeconomic and fiscal forecasts, Medium-term budget frameworks

Keywords: Annual, Fiscal, Fiscal strategy, Forecasts, Function, Macroeconomic, Macro-fiscal, Medium-term, MFD characteristic, MFD director, MFD output, MFD staff, MFDS monitor debt development, Ministry of finance, Organizational, Policy analysis, Projections, WP

Publication Details

Pages:

38
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2021/030
Stock No:

WPIEA2021030
ISBN:

9781513567730
ISSN:

1018-5941

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