Political Budget Cycles in Papua New Guinea

by

Subject categories
ISBNs
  • 1451912366
  • 9781451867831
  • 9781451912364
  • 9781452780382
This paper assesses the presence of opportunistic electoral budget cycles in Papua New Guinea. Using quarterly time series data, a clear pattern emerges of pre-election manipulations of fiscal policy by incumbent governments, mainly in the form of increased development spending and overall primary expenditure, followed in some cases by retrenchment in post-election periods. These findings are consistent with the predictions of rational opportunistic political business cycle theory. It is noteworthy that revenue was not statistically significantly related to elections, either in the pre- or post-election period. In this regard, electoral swings in fiscal deficits reflect a preference for influencing expenditures rather than taxation.
  • International Monetary Fund; September 2007
  • ISBN 9781451912364
  • Read online, or download in secure PDF or secure EPUB format
  • Title: Political Budget Cycles in Papua New Guinea
  • Author: Ebrima Faal
  • Imprint: INTERNATIONAL MONETARY FUND
Subject categories
ISBNs
  • 1451912366
  • 9781451867831
  • 9781451912364
  • 9781452780382
Subject categories
ISBNs
  • 1451912366
  • 9781451867831
  • 9781451912364
  • 9781452780382