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How Procyclical Has Fiscal Policy Been in CEMAC?

One objective of fiscal policy is to stabilize a country’s macroeconomic environment. Countercyclical fiscal measures intend to offset the effects of the economic cycle on a country’s economy. For example, they include increasing public spending or cutting taxes to stimulate the economy during an economic slowdown. Countercyclical fiscal policy reduces economic fluctuations and helps ensure macro-fiscal stability. What has been the experience in developing countries? And what has been the experience in the CEMAC zone?

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