Fiscal Space: Policy Options for Financing Human Development

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Main Description. With the deadline for achieving the Millennium Development Goals MDGs less than a decade away, the slow and uneven progress is raising important questions about the ability of the international community to 'scale up' its efforts to finance the goals. Securing adequate financing for development has thus become the most pressing issue of the development agenda.

This groundbreaking volume, by leading development economists and practitioners, addresses the central concern for policymakers involved in long term planning for the MDGs: how to create "fiscal space" for the MDGs and strengthen domestic resource mobilization for human development, while ensuring long-term sustainability and freedom from reliance on aid.

Human Rights and Public Finance: Budgets and the Promotion of Economic and - Google หนังสือ

By looking at the evidence with fresh perspectives, the authors present a novel method for how fiscal policy can be made to work for the poor, for the long-term. With the deadline for achieving the Millennium Development Goals MDGs less than a decade away, the slow and uneven progress is raising important questions about the ability of the international community to scale up " its efforts to finance the goals.

Seeking to provide real, sustainable, long-term development and a lucid alternative to aid-financed development which can be made to work for the poor and for the long-term, this book presents a novel, evidence-based approach to fiscal policy design and domestic finance.

With the deadline for achieving the Millennium Development Goals MDGs less than a decade away, the uneven progress is raising important questions about the ability of the international community to 'scale up' its efforts to finance the goals. This groundbreaking volume, by leading development economists and practitioners, addresses the central concern for policymakers involved in long term planning for the MDGs: how to create 'fiscal space' for the MDGs and strengthen domestic resource mobilization for human development, while ensuring long-term sustainability and freedom from reliance on aid.

By looking at the evidence with fresh perspectives, the authors present a novel approach by which fiscal policy can be made to work for the poor, for the long term.


  • Noces décume (French Edition).
  • Gedächtniskategorien und ihre Ausformung im Gedenken (German Edition);
  • Areas of expertise;
  • Conditionality.
  • Working paper: Fiscal space for health | Oxford Policy Management?
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Working paper: Fiscal space for health

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What is FISCAL SPACE? What does FISCAL SPACE mean? FISCAL SPACE meaning & explanation

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Conditionality

Record Title:. Record Author s :. Is there a problem with an e-resource? Fiscal space is created by evaluating revenues from foreign and domestic sources, and then prioritising expenditures and improving their efficiency. This definition focuses on the current basket of resources available. Additional resources, including increased grants or borrowing, would expand the fiscal space so that more could be spent on priority activities.

Documents et rapports

Forthcoming Afrodad research, African experiences with the PRGF and fiscal space , explores the intersection between fiscal space and the ownership principle. This calls into question the sovereignty of the countries over their development strategies. Their primary aim is to improve the fiscal position through better collection of taxes and improved management of public resources, but these conditions limit the options that a government has in developing the appropriate fiscal framework for its development strategy.

Of the five countries studied Cameroon, Malawi, Mozambique, Rwanda, and Uganda the common conditions are ceilings on new domestic and foreign borrowing, and limits on arrears in debt repayment. Although contracting new debt would erode the fiscal space created by debt relief, and is a potentially unsustainable means of financing development programmes, it should remain a policy option of the government.

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The decision to borrow should be influenced by internal forces including parliamentary debate, and public consultations and not external actors. What also comes out strongly in the study is that fiscal space has become synonymous with increases in public spending; that is, a widening of budget deficits. This ignores the basket of policy options available to the partner country, and the fact that deciding how to raise and allocate resources is a fundamentally political decision.

The sustainability of the fiscal space created by debt relief is also called into question as countries such as Cameroon and Malawi take on more debt, including to the IMF. Citizens are not adequately consulted on the issues and lack the capacity to question them.


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