The Design of Fiscal Adjustment Strategies in Botswana, Lesotho, Namibia, and Swaziland

التفاصيل البيبلوغرافية
العنوان: The Design of Fiscal Adjustment Strategies in Botswana, Lesotho, Namibia, and Swaziland
المؤلفون: Mr. Joannes Mongardini, Ms. Genevieve Verdier, Olivier Basdevant, Luis-Felipe Zanna, Ms. Susan S. Yang, Dalmacio Benicio, Borislava Mircheva
المجموعة: RePEc (Research Papers in Economics)
الوصف: Botswana, Lesotho, Namibia, and Swaziland face the serious challenge of adjusting not only to lower Southern Africa Customs Union (SACU) transfers because of the global economic crisis, but also to a potential further decline over the medium term. This paper assesses options for the design of the needed fiscal consolidation. The choice among these options should be driven by (i) the impact on growth and (ii) the specificities of each country. Overall, a focus on government consumption cuts appears to minimize the negative impact on growth, and would be appropriate given the relatively large size of the public sector in each country. ; WP;consumption;consumption tax;GDP;real GDP; Fiscal adjustment; fiscal multipliers; SACU transfers; SACU transfer; SACU revenue; SACU member; SACU shortfall; SACU transfer reduction; SACU imports; SACU transfers range; public consumption; revenue issue; consumption measure; government consumption adjustment; only consumption; Fiscal consolidation; Consumption taxes; Government consumption; Labor taxes; Public investment spending; Southern Africa
نوع الوثيقة: report
اللغة: unknown
Relation: http://www.imf.org/external/pubs/cat/longres.aspx?sk=25359
الاتاحة: http://www.imf.org/external/pubs/cat/longres.aspx?sk=25359
رقم الانضمام: edsbas.D7EAB8BC
قاعدة البيانات: BASE