What is it about?
Implications of the composition of public expenditure are important for public policies on economic growth. One of the challenges in allocation of budgetary resources is assessing the quality and effectiveness of the expenditure items on which the resources are located. This study attempts to generate empirical information that is critical for a country with limited fiscal space and in dire need for effective allocation of budgetary resources like Kenya.
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Why is it important?
The focus on economic growth is justified since the literature shows that a country can achieve sustainable fiscal consolidation through economic growth. The findings from this study informs policies on fiscal adjustments and budgetary resource allocations in Kenya
Perspectives
There is a growing consensus that economic growth is a key enabler for successful and sustainable fiscal consolidation. In view of this, this paper examines the growth effects of the high budgetary allocation for public recurrent costs in Kenya.
ALEX OGUSO
University of Nairobi
Read the Original
This page is a summary of: Growth Effects of Public Recurrent Expenditure in Kenya, Journal of Economics Management and Trade, January 2017, Sciencedomain International,
DOI: 10.9734/jemt/2017/36172.
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