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Fiscal renaissance in a democratic South Africa.

Abstract:

South Africa has overcome adverse initial conditions to achieve a remarkable fiscal transformation since the 1994 democratic elections, held amid uncertainty about its ability to maintain the rule of law and resist populist spending pressures. Constitutionally-based, durable and credible fiscal reforms have contained spending and rendered policy at all levels of government more transparent and accountable, and more predictable through multi-year budgeting. Extensive tax reform and more effici...

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Files:
Publisher copy:
10.1093/jae/ejm014
Publisher:
Oxford University Press
Journal:
Journal of African Economies More from this journal
Volume:
16
Issue:
5
Pages:
745 - 781
Publication date:
2007-01-01
DOI:
ISSN:
0963-8024
Language:
English
UUID:
uuid:ab7d4543-2260-49c4-8c42-085b73fa81c4
Local pid:
oai:economics.ouls.ox.ac.uk:14509
Deposit date:
2011-08-16

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