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Suggestions for Alternative Measures of Budget Balance for South Africa
Author:
Ms. Davina F. Jacobs
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Series:
IMF Working Papers
Volume/Issue:
Volume 2002: Issue 110
Language:
English
Publication Date:
01 Jun 2002
DOI:
https://doi.org/10.5089/9781451853353.001
ISBN:
9781451853353
ISSN:
1018-5941
Pages:
26
Keywords:
WP; budget balance; government; break; balance; country; Budget deficit; fiscal indicators; fiscal stance; GDP ratio; government assets; policy objective; government saving; Budget planning and preparation; Government finance statistics; Africa; Australia and New Zealand
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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The following hypothesis was set and tested by this study: is the conventional budget balance, as generally accepted and used, still relevant for South Africa? The paper found that several possible alternatives are available but each must be viewed from the standpoint of their applicability to the South African context. Several were not suitable for South Africa-only because of a serious lack of available data needed to make them operational. The paper also highlights the need for reforms in government financial information in South Africa.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund