10 Rebuilding Fiscal Institutions
Author:
Mr. Jean A. P. Clément
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Language:
English
Print Publication Date:
07 Feb 2005
Keywords:
BOOK; Congo; government; government accounting framework; Congolese authorities; government need; demonstration of renewed commitment; Civil service; Expenditure control; Budget planning and preparation; Sub-Saharan Africa

Abstract

The collapse of the expenditure control system and revenue collection, and the resulting monetization of an uncontrolled budgetary deficit, were identified as the primary source of the vicious circle of hyperinflation and falling currency that plagued the Democratic Republic of the Congo (DRC) economy until the end of 2000.

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Cover Postconflict Economics in Sub-Saharan Africa, Lessons from the Democratic Republic of the Congo
Postconflict Economics in Sub-Saharan Africa, Lessons from the Democratic Republic of the Congo
ISBN:
9781589062528
Publication Date:
07 Feb 2005
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781589062528.071
Pages:
338