Macro-Fiscal Management Practices in Eastern and Southern Africa

Ian Lienert
Authors registered in the RePEc Author Service: Bryn Battersby

No 2021/030, IMF Working Papers from International Monetary Fund

Abstract: This paper examines the institutional arrangements of the macro-fiscal function in 16 African countries. Most ministries of finance (MoFs) have established a macro-fiscal department or unit, but their functions, size, structure and outputs vary considerably. Based on a survey, we present data on staff size, functional scope and the forecasting performance of macro-fiscal departments and identify common challenges in the countries reviewed. Some MoFs perform many macro-fiscal functions, but actions of various kinds are needed to strengthen their macro-fiscal departments. This paper provides some guidance for policy-makers in the region for enhancing the quality and scope of macro-fiscal outputs.

Keywords: macro-fiscal; macroeconomic; fiscal; function; medium-term; annual; forecasts; projections; policy analysis; fiscal strategy; ministry of finance; organizational; WP; MFD staff; MFD output; MFD characteristic; MFD director; MFDS monitor debt development (search for similar items in EconPapers)
Pages: 38
Date: 2021-02-05
New Economics Papers: this item is included in nep-afr and nep-mac
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