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reliability hides significant differences in the budget credibility of different sectors, with social sectors contributing more to … budget credibility than their weight in overall public expenditure. We find a strong suggestion that the budgeting and … credibility in Mozambique. Further, resources originally budgeted for investment seem to be possibly used to fund current …
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Performance budgeting schemes in the public sector have to operate with imperfect performance measures. We argue that these imperfections generate incentives for the potential recipients of performance-based funds to use up resources in socially wasteful influence activities. We develop a...
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