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The Cyclically Adjusted Budget Balance and Automatic Stabilisation in South Africa
| Content Provider | Semantic Scholar |
|---|---|
| Copyright Year | 2004 |
| Abstract | Chapter 3 pointed out that fiscal policy cannot easily be assessed on the basis of developments in actual government balances, since these reflect the impact of the business cycle via the operation of automatic fiscal stabilisers in addition to policy measures approved by government. The impact of the business cycle on government budgets, therefore, needs to be disentangled if fiscal developments are to be monitored accurately. The aim of this chapter is to calculate the cyclically adjusted budget balance as an alternative fiscal indicator for South Africa that can contribute to more effective fiscal policy implementation and analysis. The chapter makes use of the results obtained from Chapters 5 and 6 to analyse the total impact of automatic fiscal stabilisers and discretionary fiscal policy on the South African economy. Finally, the chapter evaluates the role of fiscal policy under the New Partnership for Africa’s Development (NEPAD). |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://repository.up.ac.za/bitstream/handle/2263/30146/07chapter7.pdf?isAllowed=y&sequence=8 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |