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China
Author:Menachem Katz
Publication Date: December, 2012
Document Size:31pages
Recent experience with fiscal policy
- Prior to 2004 fiscal policy was pro-cyclicalsubjecting the economy to boom-bust cycles
- During 2004-2008 , with oil price-based ruleand ECA, economy stabilized and inflation fell.
- In 2009 and 2010 external shock and largespending expansion resulted in high budgetdeficits and depletion of ECA
- Since 2012, fiscal policy has been tightened.
Download PDFThe paper examines fiscal policy as it influences growth through taxes and service delivery. It also reviews Nigerias experience with fiscal policy as well as challenges to its current system.”
