Financing Africas 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 Africas development. Using examples from all of Africas 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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Understanding Fiscal Law and Policy
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
ability Accessed according accountability achieve addition administration African countries amount applied approach argued authority Bank budget canon capital challenge Chapter collection companies constitution continent corporations costs court debt direct domestic economic effects elaboration ensure example expenditure fairness finance fiscal policy fiscal system global growth Guinea implementation important improve income tax increase indeterminacy indirect taxes individual Institute interest International interpretation investment issues justice Kenya lead legislation legitimacy levied limited means Miller million OECD participation person political practice principles production progressive proverb reduce reflect regional Republic requires responsibility result Revenue Authority rules social society sources South Africa specific spending sustainable Tanzania tax law tax system taxation taxpayer transfer treaties understand United University Waris