The Political Economy of Budget Deficits: Fiscal Discipline and Elite Capture in Africa: International Norms, Local Realities

Key Points

• The aim is to explore the intersection of budget deficits, fiscal discipline, and elite capture in Africa, focusing on Morocco.
• Utilized a mixed methods framework for comprehensive analysis.
• Examined institutional and policy dynamics relevant to the African context.
• Conducted a review of verified scholarship on the subject.
• Provided practical conclusions linked to the main arguments.
• Identified key factors influencing budget deficits in Morocco.
• Highlighted the impact of elite capture on fiscal discipline in African nations.
• Discussed implications of international norms on local fiscal policies.

Abstract