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The current high Southern African Customs Unions revenues should be used to implement fiscal measures to secure fiscal sustainability and support economic growth. The government should formulate a financial sector strategy that addresses Swaziland’s twin challenges of enhancing financial...
Persistent link: https://www.econbiz.de/10011244132
-oil revenue mobilization effort and continuation of a prudent expenditure stance. Reversing the deterioration of the financial …
Persistent link: https://www.econbiz.de/10005252692
several factors, including improved public expenditure management and strengthened revenue administration (offsetting delays …
Persistent link: https://www.econbiz.de/10005824950
This 2006 Article IV Consultation highlights that Georgia’s economy has performed well over the last two years, and the fiscal turnaround has been impressive. Since the change in government in late 2003, Georgia has demonstrated strong fiscal performance and a renewed commitment to press...
Persistent link: https://www.econbiz.de/10011244202
This poverty reduction strategy paper on Nicaragua shows that the main obstacles to poverty reduction are related to culture, historical, and structural factors, as well as weak public policy. The lack of proper physical infrastructure, the weaknesses in the energy matrix, the flaws in the...
Persistent link: https://www.econbiz.de/10011244863
This paper presents an update to the Report on the Observance of Standards and Codes (ROSC) on Fiscal Transparency for Mongolia. Since the publication of the ROSC in late 2001, Mongolia has made significant progress in enhancing transparency practices in the fiscal area. Actions have been taken...
Persistent link: https://www.econbiz.de/10005825138
Many emerging market economies are trying to improve their budget processes and move to performance-based budgeting. This paper first reviews the evolution of the "new" performance budgeting model, increasingly being applied in industrial countries. By identifying its main components, the tasks...
Persistent link: https://www.econbiz.de/10005263816
Fueled by a rebound in agriculture and improved electricity supply, economic growth reached 6.7 percent in 2006–07, and is on track to exceed 7 percent in 2007–08. In mid-2007, significant portfolio capital inflows put pressure on liquidity management. In the first quarter of...
Persistent link: https://www.econbiz.de/10011242475
been made in coordinating preparation of the budgets of the central government and the noncommercial decentralized entities …
Persistent link: https://www.econbiz.de/10005591050
This paper looks at the factors that have to be considered when designing an aggregate expenditure ceiling. It is … argued that expenditure ceilings are effective in promoting fiscal discipline and sustainability, but that a number of trade … illustrates the discussion with a case study of medium-term aggregate expenditure ceilings in three countries: Finland, the …
Persistent link: https://www.econbiz.de/10005826284