Medium Term Budget Frameworks in Sub Saharan African Countries is popular PDF and ePub book, written by Mr.Richard I Allen in 2017-09-11, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Medium Term Budget Frameworks in Sub Saharan African Countries can be Read Online from any device for your convenience.
Medium Term Budget Frameworks in Sub Saharan African Countries Book PDF Summary
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.
Detail Book of Medium Term Budget Frameworks in Sub Saharan African Countries PDF
- Author : Mr.Richard I Allen
- Release : 11 September 2017
- Publisher : International Monetary Fund
- ISBN : 9781484314203
- Genre : Business & Economics
- Total Page : 37 pages
- Language : English
- PDF File Size : 9,9 Mb
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