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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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Publisher:
CSAE (University of Oxford)
Series:
Working Paper Series
Publication date:
2007-01-01
Language:
English
UUID:
uuid:cad26b46-6373-4620-9257-7f03c571d08b
Local pid:
oai:economics.ouls.ox.ac.uk:13222
Deposit date:
2011-08-16

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