Abstract:

External debt, Fiscal policy, Fiscal consolidation, Government expenditures, Developing countries, Economic models, government spending, fiscal limits, tax rates, public debt, fiscal adjustments, government spending shocks, revenue collection, fiscal sustainability, fiscal multipliers, tax revenue, fiscal consolidations, budget constraint, fiscal space, government budget, tax policy, fiscal expansion, capital expenditures, fiscal issues, fiscal policy rules, government spending multipliers, tax base, government budget constraint, fiscal stimulus, cyclical fiscal policies, expansionary fiscal, fiscal position, tax collection, fiscal solvency, tax evasion, debt service, fiscal actions, tax rev