Fiscal Policy Implementation in Sub-Saharan Africa

47 Pages Posted: 1 Aug 2011

See all articles by Victor Lledo

Victor Lledo

International Monetary Fund (IMF)

Marcos Poplawski-Ribeiro

International Monetary Fund (IMF)

Date Written: July 2011

Abstract

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.

Suggested Citation

Lledo, Victor and Poplawski-Ribeiro, Marcos, Fiscal Policy Implementation in Sub-Saharan Africa (July 2011). IMF Working Papers, Vol. , pp. 1-46, 2011. Available at SSRN: https://ssrn.com/abstract=1899573

Victor Lledo

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Marcos Poplawski-Ribeiro (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

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