Public Finance in Developing Economies, Volume 2

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The book explores the complex relationship between public finance and developing economies, emphasizing the challenges posed by declining fiscal capacities. It argues that aligning public expenditure with revenue is crucial for managing fiscal deficits while achieving macroeconomic goals. The text highlights the inadequacies of past public finance reforms in addressing market failures and stresses the need for policies that foster stable economic growth. Additionally, it addresses the critical issue of fiscal sustainability and the desire for increased productivity to enhance quality of life in these regions.