An attempt has been made in this paper to develop a budget model by appropriately linking the various macro-economic and budgetary variables to offer a frame work for analysing the impact of budgeting on growth and inflation. The author first discusses the current trends in budgeting, growth and...

The Republic of Congo is the third-largest crude oil producer in Sub–Saharan Africa after Nigeria and Angola and is heavily dependent on oil production and oil exports. With a population of 5.5 million, Congo is a lower middle-income economy, endowed with abundant natural resources. The...