Under investment in infrastructure and social sectors during much of the 1990s has ignited a lively debate on "fiscal space"- that is, whether some countries could tolerate a larger public deficit if the additional resources were invested in growth-enhancing sectors. Developing countries claim that the standard financial programming model does not appropriately respond to their needs. Its main drawback is that it mainly focuses on the short term financial...
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INFORMATION
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2007/12/01
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Document de travail (série numérotée)
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44873
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1
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1
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2010/07/01
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Disclosed
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Building sector concerns into macroeconomic financial programming : lessons from Senegal and Uganda
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financial programming