Government finance in developing countries
Fiscal systems throughout the world have been severely strained in recent years, as governments have assumed more responsibility for economic management. The developing counties, where needs are greatest and resources scarcest, have found their finances especially hard pressed.This book examines a range of issues in government finance that confront developing countries: the formulation and execution of national budget; the objectives, size, and effects of expenditures; the purposes and results of various ways of taxing income, wealth, consumption, exports, or natural resources; the role of foreign and domestic borrowings; and the consequences of financing by money creation.The book also relates fiscal operations to goals such as growth and development, economic stabilization, equitable distribution, and national self-reliance. The author stresses the need to take account of economic and political conditions and particularly administrative capacity when evaluating the suitability of fiscal measures in developing countries.
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adjustments administrative agricultural allocation amount analysis apply benefit-cost benefits borrowing capital central bank changes chapter classified consumers consumption tax costs demand distribution domestic economic economic rent effect elasticity enterprises estimates exchange rate excises exemptions export taxes fiscal policy foreign functions Fund Staff Papers government expenditures Government Finance growth import duties increase indirect taxes individual income tax industrial countries inflation influence interest rates International Monetary Fund investment less developed countries limit measures ment Monetary Fund Staff money creation officials output percent planning political problems production profits programs progressive taxes projects resource rent sales taxes saving sector social spending Sri Lanka stabilization statistics studies subsidies tax incentives tax incidence tax rates tax ratio tax revenue tax system taxable capacity taxation transfer payments turnover tax University Press usually value-added tax wealth World Bank yield