IFS Urges Government to Set Realistic Budget Targets for Enhanced Fiscal Credibility
The Institute for Fiscal Studies (IFS) advises the Ghanaian government to set realistic budget targets to strengthen fiscal credibility and avoid overestimating revenue projections. The IFS warns against excessive borrowing, emphasizing the need for sustainable financial management and exploring alternative economic growth strategies.
The Institute for Fiscal Studies (IFS) has urged the government to establish realistic budget targets to enhance fiscal credibility. The organization underscored that a credible budget is crucial for effective financial governance and economic stability. According to the IFS, Ghana has repeatedly overestimated revenue projections, leading to consistently missed targets, which undermines confidence in the country’s financial policies.
In conclusion, the Institute for Fiscal Studies advises Ghana’s government to adopt realistic budget targets and avoid excessive borrowing to ensure fiscal credibility and economic stability. Emphasizing sustainable financial management, the IFS advocates for maintaining low fiscal deficits and exploring alternative economic growth strategies, ultimately aiming to bolster confidence in Ghana’s financial policies.
Original Source: www.gbcghanaonline.com
