This publication from the 2017 CABRI Conference focuses on managing the budgetary impact of macro-fiscal shocks. It reflects on how Nigeria and Lesotho coped with unforeseen drastic reductions in revenues caused by volatility in their main revenue source. The chapter provides insight into the fiscal volatility associated with depending on a single source of revenue and the longer-term reforms that countries should consider to reduce their vulnerability to external shocks.
Year: 2018 Theme: Conférence de CABRI, COVID-19, 2017 CABRI Conference Language: Français