Treasury-Power and Budget Execution in Fragile States: Liquidity, Authority, and the Political Economy of Reform Failure

Key Points

• This research investigates the complexities of budget execution in fragile states and the interplay of liquidity and political authority.
• Nonrandomized analysis of budget frameworks in various fragile states
• Qualitative assessment of political and economic factors affecting budget execution
• Identified significant correlations between liquidity challenges and reform failures in fragile states.
• Reform efforts often hindered by political authority constraints, impacting budget outcomes.