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Fiscal Rules
Coping with Revenue Volatility in Lesotho and Swaziland
Language: English
Release Date: September 12, 2017
Over the past decade, Lesotho and Swaziland have faced significant volatility in their fiscal revenues, owing to highly unstable Southern African Customs Union (SACU) receipts. Based on model analysis, this paper explores the advantages of implementing fiscal rules to deal with such volatility. It...
