In the Wake of the Global Economic Crisis [electronic resource] : Adjusting to Lower Revenue of the Southern African Customs Union in Botswana, Lesotho, Namibia, and Swaziland, Fontaine, Thomson.
- Washington, D.C. : International Monetary Fund, 2011.
- IMF eLibrary
- Government document
1 online resource (57 p.)
- Local subjects:
- Aggregate demand.
Common external tariff.
Debt sustainability analyses.
Expenditure management systems.
Fiscal affairs department.
Fiscal policy responses.
Government budget constraint.
Medium-term budgetary frameworks.
Medium-term expenditure framework.
Primary fiscal balance.
Public financial management.
Public investment spending.
Reduction in government spending.
Reduction in transfers.
Taxes on labor.
- The Southern African Customs Union (SACU) is facing its biggest challenge in its 100 years of existence. The global economic crisis has significantly reduced its revenue outlook, which is having a disproportionate impact on its smaller member countries, and which calls for an appropriate policy response. This paper discusses specifically the implications for Botswana, Lesotho, Namibia, and Swaziland, and provides recommendations regarding the proper fiscal response by these countries to the decline in SACU revenue.
- Description based on print version record.
- Benicio, Dalmacio.
Pastor, Gonzalo C.
- Other format:
- Print Version:
- Publisher Number:
- Access Restriction:
- Restricted for use by site license.
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