Budget practices and procedures in Africa 2015
It is widely recognised that budget process institutions affect fiscal outcomes. Over the last 20 years, countries around the world have introduced a range of reforms and innovations to strengthen fiscal discipline and achieve macro-economic stability. Key among these are fiscal rules and responsibility laws; fiscal risk management; medium-term fiscal frameworks; and changes to the coverage and timing of fiscal reporting. This paper, the second in a series of seven, analyses the degree to which 23 African countries have budget institutions in place that support fiscal discipline.