Journal Article

Budget Institutions and Fiscal Performance in Africa

Sophia Gollwitzer

in Journal of African Economies

Volume 20, issue 1, pages 111-152
Published in print January 2011 | ISSN: 0963-8024
Published online October 2010 | e-ISSN: 1464-3723 | DOI: https://dx.doi.org/10.1093/jae/ejq035
Budget Institutions and Fiscal Performance in Africa

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  • National Budget, Deficit, and Debt
  • Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

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This paper develops an index measuring the adequacy of the institutions, rules and procedures governing the budget process in forty-six African countries, presenting the most comprehensive analysis of African budget institutions hitherto conducted. The index includes the three stages of the budget process: negotiation, legislative approval and implementation. At each stage the quality of the budget process is measured along five criteria: centralisation, rules and controls, sustainability and credibility, comprehensiveness and transparency. A wide dispersion in institutional quality is found across the continent. Furthermore, an empirical analysis based on OLS estimations shows that better budget institutions are associated with lower public external debt and a higher primary budget balance.

Keywords: H61; H62; H63; E62

Journal Article.  13530 words.  Illustrated.

Subjects: National Budget, Deficit, and Debt ; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

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