Suggestions for Alternative Measures of Budget Balance for South Africa [electronic resource] / Davina F Jacobs.
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TextSeries: IMF Working Papers; Working Paper ; No. 02/110Publication details: Washington, D.C. : International Monetary Fund, 2002Description: 1 online resource (26 p.)ISBN: 1451853351 :ISSN: 1018-5941Subject(s): Budget Balance | Budget Balances | Budget Deficit | Fiscal Policy | Fiscal Stance | National Deficit Surplus | South AfricaAdditional physical formats: Print Version:: Suggestions for Alternative Measures of Budget Balance for South AfricaOnline resources: IMF e-Library | IMF Book Store Abstract: 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.
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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