International Monetary Fund, 2014, “Budget Institutions in G-20 Countries: an Update,” available at http://www.imf.org/external/np/sec/pr/2014/pr14233.htm
Mauro, P., 2011, Chipping Away at the Public Debt—Sources of Failure and Keys to Success in Fiscal Adjustment (Hoboken: N.J.: John Wiley and Sons).
Prepared by Carlos Mulas-Granados (FAD) with contributions from Olivier Basdevant (MCD) and Renaud Duplay (FAD).
The figures of current and capital spending used in this section are different from published budget figures, as they include a reclassification of current spending which was shown under the capital budget. This reclassification was done in collaboration with Senegalese authorities during a Technical Assistance mission on expenditure rationalization led by the Fiscal Affairs Department (IMF) in February 2014.