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Fiscal Policy Implementation in Sub-Saharan Africa
Author:
Victor Duarte Lledonull

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Mr. Marcos Poplawski Ribeiro
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https://orcid.org/0000-0003-0998-7238
Series:
IMF Working Papers
Volume/Issue:
Volume 2011: Issue 172
Language:
English
Publication Date:
01 Jul 2011
DOI:
https://doi.org/10.5089/9781462314317.001
ISBN:
9781462314317
ISSN:
1018-5941
Pages:
46
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
Legal-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.
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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.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2011: Issue 172