Fiscal Sustainability in Egypt
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Fiscal Sustainability in Egypt by Ahmed Galal
Book DescriptionGovernments in developing countries often borrow to achieve socially desirable objectives and smooth consumption. But problems arise when borrowing is excessive relative to repayment capacity, when resources are expended inefficiently, and when revenues and expenditures are too inflexible to permit the conduct of countercyclical fiscal policy. This volume draws on international experience and the literature on fiscal sustainability to assist emerging economies in addressing fiscal policy challenges. Further, it pays special attention to fiscal policy in Egypt, addressing such issues as debt management, social expenditures, civil service reform, and transparency and accountability of the budgetary process.
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Book DetailsISBN: 9789774249921
(150mm x 229mm x 20mm)
Imprint: The American University in Cairo Press
Publisher: The American University in Cairo Press
Publish Date: 1-Feb-2006
Country of Publication: Egypt
Books By Author Ahmed Galal
Middle East Economies in Times of Transition, Hardback (January 2016)
Diwan and Galal looks at the structure and prospects of the Middle East economies after the 2011 Uprisings, focusing on issues of economic growth, inequality, the impact of oil, and the unfolding political transitions.
Industrial Policy in the Middle East and North Africa, Paperback (February 2007)» View all books by Ahmed Galal
Aims to assess whether state intervention leads to net benefits to society, why policymakers intervene, and how to bring about a healthier balance between states and markets. This book gives answers to these questions in six chapters based on research papers that were presented at a conference held in Cairo in November 2005.
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Author Biography - Ahmed Galal
AHMED GALAL is executive director and director of research of the Egyptian Center for Economic Studies (ECES). He has also been a staff member of the World Bank since 1984. NADEEM UL HAQUE is a senior economist with the International Monetary Fund, where he has worked for over twenty years. He has authored and co-authored many books and articles about the economics of developing countries.
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