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Case Management - EconBiz

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Last Updated: 14 January 2022

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The saga and limits of public financial management: The Mozambican case

At self-reliance in 1975, the Frelimo federal government took over public administration from the colonial system and began to change it. The general public financial management system was adjusted to the central planning and management of the economic climate according to nationalist and Marxist-Leninist reasoning. The reform process was sustained by sizeable international help to the level that Mozambique became highly help reliant. As the nationalist schedule came to be much more forceful from around 2005-10, when the existence of large gas reserves in the Rovuma Basin was verified, the extraction of natural deposits ended up being the primary federal government emphasis as a resource of public earnings, and severe cracks in the PFM system started to emerge. The paper brings out how challenging it is to make institutional reforms work, within a framework of economic and political power that may not gain from them, even in the context of a high level of aid dependancy.

Source link: https://www.econstor.eu/bitstream/10419/248350/1/wp2021-136.pdf

* Please keep in mind that all text is summarized by machine, we do not bear any responsibility, and you should always check original source before taking any actions

* Please keep in mind that all text is summarized by machine, we do not bear any responsibility, and you should always check original source before taking any actions