Jump to ContentJump to Main Navigation
TanzaniaThe Path to Prosperity$
Users without a subscription are not able to see the full content.

Christopher S. Adam, Paul Collier, and Benno Ndulu

Print publication date: 2017

Print ISBN-13: 9780198704812

Published to Oxford Scholarship Online: January 2017

DOI: 10.1093/acprof:oso/9780198704812.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 19 February 2020

Public Investment and Fiscal Reforms

Public Investment and Fiscal Reforms

(p.214) 10 Public Investment and Fiscal Reforms

Christopher S. Adam

Jehovaness Aikaeli

Anne Laski

Oxford University Press

Improvements in macroeconomic performance in Tanzania over the last two decades reflect significant improvements in fiscal control. This chapter explores the challenges to the efficient and equitable provision of public goods, in particular public infrastructure. The focus is on the design of public investment programmes in circumstances, such as those prevailing in Tanzania, where the recurrent costs of public investment are high and where the tax system may be characterized by distortions and other inefficiencies. In these circumstances, fiscal reforms that protect operations and maintenance expenditure and that help to reduce the distortionary character of the tax system may have as large an impact on growth as new public investment. One corollary of this is that fiscal adjustment that seeks to address short-term fiscal crises by economizing on operations and maintenance expenditures may be the worst sort of false economy.

Keywords:   Tanzania, fiscal adjustment, public investment, recurrent costs, tax system

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .