Article

 

Restructuring a fiscal policy encourages economic growth - a case of selected African countries (p.23-39)

by

Ghirmai T. Kefela, DTAG Inc., USA

Ravinder Rena, Polytechnic School of Namibia, Namibia

Keywords : Fiscal adjustment, Tax policies, Domestic and foreign debt, Economic growth

JEL classification : E60, E62, H2, H62

Abstract

Fiscal governance is strong only when governments can deliver their fiscal policy in a sustainable way, and are efficiently applied to the provision of public goods and services. This paper introduces the topics of fiscal policy and its potential effects on economic activity. The paper delves the economic roles and potential methods of domestic and foreign debt financing. It focuses on the methodology of fiscal policy for calling and assessing the impacts of alternative tax policies, and debt management requirements. The paper also covers the basic theory, policy and practice of public finance including decentralization and intergovernmental fiscal relations in developing and transitional economies of Africa.