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The control protocols that underlie public expenditure management have direct implications for a government's ability … applying a universal set of expenditure controls across all transactions naturally cannot meet both of these objectives. One …
Persistent link: https://www.econbiz.de/10012121173
Government debt has risen substantially in emerging market and developing economies (EMDEs) since the global financial crisis. The current environment of low global interest rates and weak growth may appear to mitigate concerns about elevated debt levels. Considering currently subdued...
Persistent link: https://www.econbiz.de/10012229772
holding the executive accountable for implementing the budget. Yet, the integrity of expenditure transactions and … data analytics techniques that can shed light on how the use FMIS systems affects expenditure data integrity and … form or function. Judging a system by its use is informative about governments' revealed preferences in expenditure …
Persistent link: https://www.econbiz.de/10012002673
In the post-global financial crisis period, the financing of countercyclical policies led not only to a reduction in the fiscal surpluses across Sub-Saharan African countries, but also an increase in their levels of indebtedness. Although public debt for the region in 2018 was still below that...
Persistent link: https://www.econbiz.de/10012228708
fiscal consolidation. Moreover, the effect of rigid expenditure seems to be more relevant for economies with high inequality … composition of the measure of rigid expenditure, there is also some evidence that higher expenditure on pensions reduces the … probability of fiscal adjustment more robustly than higher expenditure on wages …
Persistent link: https://www.econbiz.de/10012113828
expenditures and public investment management, and develop domestic financial systems …
Persistent link: https://www.econbiz.de/10012008299
bias, but the effect is not homogeneous; and higher degrees of expenditure rigidity are associated with lower procyclical … procyclicality; tax base variability increases procyclical bias; and expenditure rigidity is no longer significant, but fiscal space …
Persistent link: https://www.econbiz.de/10012113884
Emerging market and developing economies have experienced recurrent episodes of rapid debt accumulation over the past fifty years. This paper examines the consequences of debt accumulation using a three-pronged approach: an event study of debt accumulation episodes in 100 emerging market and...
Persistent link: https://www.econbiz.de/10012228314
Episodes of debt accumulation have been a recurrent feature of the global economy over the past fifty years. Since 2010, emerging and developing economies have experienced another wave of historically large and rapid debt accumulation. Similar past debt buildups have often ended in widespread...
Persistent link: https://www.econbiz.de/10012230790
Persistent link: https://www.econbiz.de/10000138570