Fiscal Policy in Developing Countries: A Synoptic View

Raghbendra Jha

ASARC Working Papers from The Australian National University, Australia South Asia Research Centre

Abstract: This paper presents a broad overview of fiscal issues confronting developing countries. Three of these are (i) developing countries have low tax/GDP and expenditure/GDP ratios compared to developed countries, even though developing countries need more public expenditure; (ii) developing country fiscal stance is often pro-cyclical; (iii) developing country tax resources are more volatile than those of developed countries. I also consider the issue of budgetary deficits and problems arising therefrom in developing countries. I then discuss some widely accepted norms for tax and expenditure reforms as also some issues of intergovernmental transfers in federal developing countries.

Keywords: Fiscal Policy; tax; expenditure; fiscal transfers (search for similar items in EconPapers)
JEL-codes: H20 H24 H25 H63 H77 (search for similar items in EconPapers)
Pages: 39
Date: 2007
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:pas:asarcc:2007-01

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