Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. African Department.
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| ISBN: | 1282043862
9781282043862
1451900856
9781451900859
1462389244
9781462389247
1452774439
9781452774435
9786613797292
6613797294
9781451855685
1451855680
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| Notes: | Includes bibliographical references (pages 19-20).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | Large fiscal deficits have been a daunting problem for a number of countries in sub-Saharan Africa over the past several years. Rapid expansions in expenditure and declining or low revenue levels have been the main cause of fiscal imbalances. 2 Recent endogenous growth models have demonstrated that growth can be enhanced by, inter alia, reducing fiscal imbalances, which, in turn, can be achieved by either lowering expenditure or raising revenue. 3 However, many countries in the region have reduced expenditure to minimum sustainable levels, especially in health, education, and infrastructure. Thus, raising tax revenue to achieve fiscal sustainability would be a feasible alternative. Also, in order to improve the environment for private sector development and sustained economic growth, governments need to play a supportive role by investing in physical and human capital, and institutional infrastructure. Tax revenue is needed for such expenditure if inflationary financing and the crowding out of the private sector are to be avoided (Hamada, 1994).
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| Other form: | Print version: Ghura, Dhaneshwar. Tax revenue in Sub-Saharan Africa. [Washington, D.C.] : International Monetary Fund, African Department, ©1998
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| Standard no.: | 10.5089/9781451900859.001
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