The survey of Sub-Saharan countries shows that after nearly two decades of stagnation, growth is reviving and is likely to receive additional momentum with the pursuit and judicious implementation of further fiscal adjustment efforts. The impact of economic stagnation on the financial management systems is evident in that they continue to be under severe strain despite a series of efforts aimed at their improvement. Lack of accountability and chronically ineffective control of expenditures are two of the major problem areas that need to be addressed. Among other areas that need to be addressed on a priority basis are the revamping of budgetary processes, including the development of a macroeconomic framework and forging more enduring links between planning and budgeting and improved management of foreign aid.
Ramakrishnan, S. (1996), "Public budgeting and financial management in sub-saharan africa: a critical survey", Journal of Public Budgeting, Accounting & Financial Management, Vol. 10 No. 2, pp. 221-254. https://doi.org/10.1108/JPBAFM-10-02-1998-B003Download as .RIS
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