Financing Africa’s development requires ingenuity, discipline, and an understanding of fiscal systems – the entirety of government revenues and expenditures, including taxation and debt. This book makes fascinating what might seem at first glance complex. It describes diverse approaches that have been adjusted to local circumstances across the continent and reflects on the push to unite and harmonise toward African union.
Africa is rich, yet resources are lost through loopholes in fiscal systems. Financial resources come from the people, are not unlimited, and do not come easily or without cost. Africans must therefore cherish these resources and use them in nation-building and national and regional development. Efficient, effective, transparent and accountable fiscal systems that are fair and just will go a long way toward financing Africa’s development.
Using examples from all of Africa’s 54 countries, the book makes fiscal matters real and understandable for people, no matter their field. It demonstrates the importance of fiscal law and policy for development and the impact it has on individuals, communities, nations, regional groupings, and the continent.
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In order to understand where you are going it is very important to understand where you have come from.
Financing Africa helps to achieve just that! In the most clear and easy to understand language, the author takes us on a journey throughout Africa in a bid to provide us with an appreciation of the fiscal systems in the various countries as they currently exist. This is extremely useful as one is then able to start to appreciate the loopholes that need to be addressed if Africa is to move to the next level especially in contemplation of the achievement of the Sustainable Development Goals, Agenda 2063 among others.
This is a must read book for everyone!Whether you are in academia,civil service or the private sector, the themes woven within the book are useful and provide food for thought for all!
Chapter 2 The Unfolding Theory of the Fiscal State
Chapter 3 Systems of Fiscal Law and Policy
Chapter 4 Principles Guiding Budgeting of Revenue and Expenditure
Chapter 5 Makers Implementers and Interpreters of Fiscal Law and Policy
Chapter 6 Recommendations
Chapter 7 Conclusion