Evaluating Public Budgeting and Fiscal Management in African Nations

This chapter provides a more focused evaluation of continent-wide public budgeting and fiscal management. It synthesizes the models of public budgeting and fiscal management as depicted in the country studies before discussing the implications and consequences for sustainable development. The chapter explains the need for budgeting and fiscal management frameworks that support good governance and sustainable development. It contends that such frameworks must integrate the values of responsibility, accountability, and transparency in the interest of full and timely disclosure of fiscal and financial information. The chapter highlights the lessons learned and argues that budgeting and fiscal management should be well aligned with good governance principles and practices needed to achieve inclusive economic growth, political stability, and social cohesion in Africa. The Common African Position (CAP) on the post-2015 development agenda emphasizing inclusive growth, productive capacity, and poverty eradication among others is correct. Almost all international development assistance requires improving human capacities and development performance measurement by focusing on achieving outcomes.