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Pub3703 Marked (70%) Reasons and Problems underlying policy evaluation R150,00
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Pub3703 Marked (70%) Reasons and Problems underlying policy evaluation
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This essay provides an in-depth look at fiscal policy evaluation, its significance, and the challenges faced during the evaluation process, using examples to illustrate key points.

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  • June 26, 2024
  • 7
  • 2023/2024
  • Essay
  • Unknown
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Table of Contents


1. Introduction …. …………………. page 3
2.Reasons for fiscal policy evaluation …. ………Page 3
3.Problems underlying the fiscal policy evaluation.
3.1. Lags
3.1.1. Recognition Lag …. page 4
3.1.2. Implementation Lag …. Page 5
3.1.3. Time Lag …. page 5
3.2. Crowding out …. ………. page 6
3.3. Demand-pull inflation ………… page 6
4. Conclusion ……… page 6
5. References ………. page 7

, 3




1.Introduction.

Fiscal policy has improved in recent years as tax collection has exceeded
expectations. The essay will begin by defining fiscal policy and discussing what
policy evaluation is. It will next concentrate on the reasons for fiscal policy evaluation
and the problems that underlying fiscal policy evaluation. Relevant examples will be
presented to demonstrate the reasons and issues involved in evaluating fiscal policy.

2.Reasons for the fiscal policy evaluation.

A policy's evaluation is a process that establishes broad conclusions on program
effectiveness, impact, costs, quality, and objective accomplishment. policy evaluation
involves finding out about the results of the legislation in order to assess the efficacy
and efficiency of the policy( Anderson 2015). Fiscal policy is the use of taxes, interest
rates, and government spending to influence the economy (South African National
Treasury n.d). Typically, the goals are to reduce poverty and foster long-term
economic prosperity. Fiscal policy is implemented by governments. Governments
also utilize fiscal policy to deal with natural disasters. Fiscal policy's two basic goals
are to encourage economic expansion and reduce unemployment.

According to South African National Treasury (n.d) The reason for fiscal policy
evaluation in South Africa is for the allocations to address immediate spending
pressures, such as extending the special COVID-19 social relief of distress grant for
12 months until March 2023 and bolstering provincial transfers for health and
education. reserving a portion of unexpectedly high revenue in order to reduce the
deficit in the budget. This enhances the longer-term debt outlook and lessens the
effect of rising interest rates on debt-service expenses. promoting economic growth
through a number of measures, such as the infrastructure build program, which is
supported by enhanced technical capabilities and funded through creative funding
sources (South African National Treasury n.d). Transparency and accountability are
critical. They help people comprehend the administration and expenditure of public
funds, the process and rationale behind decision-making, and the data and evidence
needed to back up decisions (International Federation of Accounts n.d). Strong
governance and public financial management are required to ensure that
governments and public sector organizations all over the world make decisions that

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