Namibia: Selected Issues

International Monetary Fund

No 2016/374, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper assesses the impact of alternative fiscal consolidation strategies on Namibia’s growth. It uses a model developed at the IMF to gain insights on what would be a growth-friendly composition of the fiscal adjustment. The analysis suggests that a combined strategy of revenue and expenditure measures has lower negative effects on growth than a pure expenditure-based adjustment. Structural reforms improving the efficiency of public investment can further reduce the negative effect of consolidation on growth, and potentially strengthen growth. Overall, minimizing the negative impact of fiscal consolidation on growth requires combining revenue and expenditure measures, together with fiscal structural reforms.

Keywords: ISCR; CR; International Monetary Fund Washington; D.C.; investment; copy; publication service; GDP; International Monetary Fund Washington; D.C.; GDP growth; equity portfolio; IMF staff estimate; consolidation strategy; Employment; Mutual funds; Unemployment rate; Labor force; Africa; Global; staff team of the International Monetary Fund; growth impact; EMPLOYMENT growth; Fiscal consolidation (search for similar items in EconPapers)
Pages: 29
Date: 2016-12-08
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