PUBLIC EXPENDITURE MANAGEMENT AND ECONOMIC DEVELOPMENT IN AFRICA

Abstract

Public expenditure management plays a crucial role in shaping the economic development trajectory of nations, particularly in the context of Africa, a continent characterized by diverse economic, social, and political landscapes. This study examined the intricate relationship between public expenditure management practices and the broader goal of fostering sustainable economic development across African countries. Qualitative analysis was implored to x-ray the roles of public expenditure management in fostering sustainable and inclusive growth in Africa. The study provided a comprehensive overview of the concept of public expenditure management. It explores the key components of effective expenditure management, including fiscal discipline, transparency, accountability, and strategic allocation of resources. Special emphasis is placed on the importance of sound financial governance to mitigate corruption and ensure optimal resource utilization. Furthermore, the study explores the impact of public expenditure management on economic development outcomes. It investigates how well-managed expenditures contribute to infrastructure development, human capital formation, and poverty reduction. It also considered the role of public investment in fostering innovation, productivity, and inclusive growth within the African context. It further recommended among others enhanced fiscal discipline through the development and enforcement of transparent fiscal rules and frameworks.