Medium-Term Budget Frameworks in Sub-Saharan African Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Medium-Term Budget Frameworks in Sub-Saharan African Countries write by Richard Allen. This book was released on 2017-09-11. Medium-Term Budget Frameworks in Sub-Saharan African Countries available in PDF, EPUB and Kindle. More than 15 years ago, many countries in sub-Saharan Africa embarked on a program of budgetary reform, an important element of which was a medium-term budget framework (MTBF). This working paper focuses on the performance of these frameworks in six countries–– Kenya, Namibia, South Africa, Tanzania, Uganda, and Zambia. It assesses the effectiveness of MTBFs in achieving improved fiscal discipline, resource allocation, and certainty of funding, as well as wider economic and social criteria such as poverty reduction and more efficient public investment. In most countries, early successes were not sustained, and budgetary outcomes did not improve, partly for technical reasons, such as poor data and inadequate forecasting methodologies, but also because the reforms were largely supply driven. The paper argues that the development of MTBFs typically falls into four distinct phases. To make the transition from one phase to the next, developing countries should focus on building their capability in macrofiscal forecasting and analysis, and in improving the credibility of the annual budget process.
Medium-term Budget Frameworks in Selected Sub-Saharan African Countries
Medium-term Budget Frameworks in Selected Sub-Saharan African Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Medium-term Budget Frameworks in Selected Sub-Saharan African Countries write by . This book was released on 2017. Medium-term Budget Frameworks in Selected Sub-Saharan African Countries available in PDF, EPUB and Kindle. More than 15 years ago, many countries in sub-Saharan Africa embarked on a program of budgetary reform, an important element of which was a medium-term budget framework (MTBF). This working paper focuses on the performance of these frameworks in six countries- Kenya, Namibia, South Africa, Tanzania, Uganda, and Zambia. It assesses the effectiveness of MTBFs in achieving improved fiscal discipline, resource allocation, and certainty of funding, as well as wider economic and social criteria such as poverty reduction and more efficient public investment. In most countries, early successes were not sustained, and budgetary outcomes did not improve, partly for technical reasons, such as poor data and inadequate forecasting methodologies, but also because the reforms were largely supply driven. The paper argues that the development of MTBFs typically falls into four distinct phases. To make the transition from one phase to the next, developing countries should focus on building their capability in macrofiscal forecasting and analysis, and in improving the credibility of the annual budget process.
Medium-Term Budget Frameworks in Sub-Saharan African Countries
Medium-Term Budget Frameworks in Sub-Saharan African Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Medium-Term Budget Frameworks in Sub-Saharan African Countries write by Mr.Richard I Allen. This book was released on 2017-09-11. Medium-Term Budget Frameworks in Sub-Saharan African Countries available in PDF, EPUB and Kindle. More than 15 years ago, many countries in sub-Saharan Africa embarked on a program of budgetary reform, an important element of which was a medium-term budget framework (MTBF). This working paper focuses on the performance of these frameworks in six countries–– Kenya, Namibia, South Africa, Tanzania, Uganda, and Zambia. It assesses the effectiveness of MTBFs in achieving improved fiscal discipline, resource allocation, and certainty of funding, as well as wider economic and social criteria such as poverty reduction and more efficient public investment. In most countries, early successes were not sustained, and budgetary outcomes did not improve, partly for technical reasons, such as poor data and inadequate forecasting methodologies, but also because the reforms were largely supply driven. The paper argues that the development of MTBFs typically falls into four distinct phases. To make the transition from one phase to the next, developing countries should focus on building their capability in macrofiscal forecasting and analysis, and in improving the credibility of the annual budget process.
Exiting From Fragility in sub-Saharan Africa
Exiting From Fragility in sub-Saharan Africa - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Exiting From Fragility in sub-Saharan Africa write by Corinne Deléchat. This book was released on 2015-12-22. Exiting From Fragility in sub-Saharan Africa available in PDF, EPUB and Kindle. This paper studies the role of fiscal policies and institutions in building resilience in sub-Saharan African countries during 1990-2013, with specific emphasis on a group of twenty-six countries that were deemed fragile in the 1990s. As the drivers of fragility and resilience are closely intertwined, we use GMM estimation as well as a probabilistic framework to address endogeneity and reverse causality. We find that fiscal institutions and fiscal space, namely the capacity to raise tax revenue and contain current spending, as well as lower military spending and, to some extent, higher social expenditure, are significantly and fairly robustly associated with building resilience. Similar conclusions arise from a study of the progression of a group of seven out of the twenty-six sub- Saharan African countries that managed to build resilience after years of civil unrest and/or violent conflict. These findings suggest relatively high returns to focusing on building sound fiscal institutions in fragile states. The international community can help this process through policy advice, technical assistance, and training on tax administration and budget reforms.
Beyond the Annual Budget
Beyond the Annual Budget - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Beyond the Annual Budget write by World Bank. This book was released on 2012-11-12. Beyond the Annual Budget available in PDF, EPUB and Kindle. Beyond the Annual Budget is a comprehensive review of country experience with Medium Term Expenditure Frameworks (MTEFs) worldwide. It looks at countries both with and without MTEFs over the period 1990 to 2008 to obtain results about their impact on fiscal performance.
