Fiscal sustainability is required to attain and maintain the
long-run steady-state growth in emerging markets, to create fiscal space
for rural and urban poverty, to safeguard financial stability, and to
achieve the overall Millennium Development Goals. This can be done by
providing financial support and by encouraging further research in this
area. This book analyses the issues in the context of international
experience and its implications for Egypt. It touches on issues of
fiscal deficit and public debt sustainability, debt management,
efficiency and equity of social expenditure, and public investment, the
will and power to achieve civil service reform, and transparency and
equitability of the budgetary process. It fills a gap in
research.
Ahmed Galal and Nadeem Ul Haque (eds). Fiscal Sustainability in
Emerging Markets: International Experience and Implications for Egypt.
Cairo/ New York: The Egyptian Center for Economic Studies. 2006. ix+289
pages. Paperback. Price not given.