The Political Economy of Budget Deficits: Fiscal Discipline and Elite Capture in Africa: A Critical Examination

Key Points

• The aim is to critically examine the relationship between budget deficits, fiscal discipline, and elite capture within the African context.
• Analyzed existing literature on budget deficits and fiscal discipline.
• Focused on theoretical and policy dynamics relevant to the African context.
• Structured as a conference paper addressing the main analytical implications.
• Identified key institutional dynamics affecting fiscal discipline in Africa.
• Highlighted how elite capture influences budget deficits in Central African Republic.
• Provided practical conclusions linked to the critical examination of budgetary policies.