The Impact of Fiscal Deficits and Public Debt on Real Interest Rate and Investment in Namibia PDF Download

Author: Hoster Bebi
Publisher:
ISBN:
Category : Budget deficits
Languages : en
Pages : 32

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Languages : en
Pages : 0

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Using the nominal interest rates both for Namibia and South Africa (for the period first quarter of 1995 to the fourth quarter of 1998), the results show that about 89% of the variations in the Namibian nomial interest rate are explained by the South African nominal rate which, at 0.05%, is statistically significant. [...] The size of the primary surplus and seignorage revenue that is generated by the public sector is determined largely by the size of the tax base, for both conventional taxes and seignorage revenue. [...] In the case of external debt, future generations bear the burden because this decreases consumption by the amount equal to the loan and the accumulated interest payment to foreigners. [...] Cashin's model helps to clarify the structural view of the economy by focussing on the impact of public investment, public transfers and taxation on the economy. [...] It also highlights the need for the unproductive agents (the old) to leave the work force, so as to decrease the negative externalities associated with unproductive old age, The impact of fiscal deficits & public debt on real interest rate & investment 9 thereby raising the productivity of the private capital, and economic growth.

Author: International Monetary
Publisher: International Monetary Fund
ISBN: 1513576925
Category : Business & Economics
Languages : en
Pages : 47

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The COVID-19 pandemic has sharply deteriorated Namibia’s short-term macroeconomic outlook, giving rise to urgent balance of payments (BOP) and fiscal financing needs. After an initial outbreak peaked in August, a second wave hit in late 2020. Containment measures have negatively impacted domestic consumption and economic activity, weighing on tax revenues collection. Furthermore, worsening global conditions have hindered mining production and exports, tourism receipts, and investment inflows. The economy is expected to have sharply contracted by 7.2 percent in 2020, and the recovery is set to remain subdued in 2021.

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1455205729
Category : Business & Economics
Languages : en
Pages : 47

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Namibia was negatively impacted by the 2008 global financial crisis, reversing years of strong economic performance and deteriorating both fiscal and external positions. Accordingly, the authorities have committed to undertake fiscal consolidation with a view to reduce the fiscal deficit to 2.6 percent of GDP by 2014. IMF staff emphasized the need for an earlier withdrawal of stimulus measures and ambitious fiscal consolidation. Staff also called for streamlining fiscal rules with the debt-to-GDP ratio to help isolate fiscal policy from volatile Southern Africa Customs Union (SACU) revenues.

Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 1475559305
Category : Business & Economics
Languages : en
Pages : 29

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This Selected Issues paper assesses the impact of alternative fiscal consolidation strategies on Namibia’s growth. It uses a model developed at the IMF to gain insights on what would be a growth-friendly composition of the fiscal adjustment. The analysis suggests that a combined strategy of revenue and expenditure measures has lower negative effects on growth than a pure expenditure-based adjustment. Structural reforms improving the efficiency of public investment can further reduce the negative effect of consolidation on growth, and potentially strengthen growth. Overall, minimizing the negative impact of fiscal consolidation on growth requires combining revenue and expenditure measures, together with fiscal structural reforms.

Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 1475559070
Category : Business & Economics
Languages : en
Pages : 77

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This 2016 Article IV Consultation highlights that Namibia has experienced remarkable growth and economic progress since the financial crisis. Strong policy frameworks and expansionary domestic policies have contributed to macroeconomic stability, robust growth, and rising living standards. Yet deep-rooted structural impediments have kept unemployment high and unresponsive to growth, contributing to persistently high inequality. The outlook remains positive with considerable vulnerabilities and risks. Growth is projected to temporarily weaken to 1.6 percent in 2016 as the construction of large mines ends and the government starts consolidating.

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451828497
Category : Business & Economics
Languages : en
Pages : 53

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This 2008 Article IV Consultation discusses that real GDP growth in Namibia is expected to moderate to about 3 percent in 2008 from 4.1 percent in 2007, reflecting a downturn in the mining sector owing to the global economic slowdown. Executive Directors have commended the authorities’ sound macroeconomic management, which had contributed to solid growth and strong external and fiscal positions. Directors have also encouraged the authorities to press ahead with their structural reform agenda so as to improve the country’s competitiveness, diversify the economy, and bolster growth prospects.

Author: Ipumbu W. Shiimi
Publisher:
ISBN:
Category : Saving and investment
Languages : en
Pages : 38

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Author:
Publisher:
ISBN:
Category : Namibia
Languages : en
Pages : 58

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Author: Hoster Bebi
Publisher:
ISBN:
Category : Budget deficits
Languages : en
Pages : 78

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