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dc.contributor.authorBulime, Enock Nsubuga Will
dc.date.accessioned2019-12-10T14:09:48Z
dc.date.available2019-12-10T14:09:48Z
dc.date.issued2019-12
dc.identifier.citationBulime, E. N. W. (2019). Public debt sustainability : estimating the fiscal reaction function for Uganda (1981/82 – 2016/17) (Unpublished master’s thesis), Makerere University, Kampala, Uganda.en_US
dc.identifier.urihttp://hdl.handle.net/10570/7773
dc.descriptionA dissertation submitted to the Directorate of Research and Graduate Training in partial fulfillment of the award of the degree of Master of Arts in Economics of Makerere Universityen_US
dc.description.abstractThis study examines the sustainability of Uganda’s public debt from 1981/82 to 2016/17. The study uses the fiscal reaction function approach to find out whether the government’s reaction to the growing debt is responsive and systematic. The study uses annual secondary time series data obtained from the Ministry of Finance, Planning and Economic Development, the Bank of Uganda and the World Bank Database for World Development Indicators of 2018. The autoregressive distributed lag estimation approach is used based on the order of integration of the study variables and the presence of a long run relationship. The results show that, in the long run, the government has been able to respond to past debt build-up in a sustainable way by increasing the primary balance. However, in the short run, the government has not been responsive to the debt bulge which poses risks to debt sustainability. The study suggests that in order to guarantee future debt sustainability, the government should strengthen the primary balance by reducing wasteful expenditures through eliminating corruption, reducing fiscal slippages and supplementary budgets and curbing the creation of more administrative units which increase the funding burden of the government.en_US
dc.language.isoenen_US
dc.publisherMakerere Universityen_US
dc.subjectDebt sustainabilityen_US
dc.subjectFiscal policyen_US
dc.subjectFiscal reaction functionen_US
dc.subjectPublic debt sustainabilityen_US
dc.subjectPublic debten_US
dc.subjectUgandaen_US
dc.titlePublic debt sustainability : estimating the fiscal reaction function for Uganda (1981/82 – 2016/17)en_US
dc.typeThesisen_US


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