Proceedings of the 5th International Conference on New Trends in Management, Business and Economics
Year: 2023
DOI:
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Fiscal Policy and Managerial Decision Making in South Africa
Dr. Emmanuel Innocents EDOUN
ABSTRACT:
This paper explores the role of fiscal policy as a managerial tool for decision-making in South Africa. It provides an overview of the key concepts and principles of fiscal policy, including taxation, government spending, and budget deficits. The literature on fiscal policy as a tool for management decision-making in the context of South Africa reveals that fiscal policy governs how the government spends, taxes, and borrows on goods and services. It examines the impact of fiscal policy on economic growth, inflation, and employment in South Africa. In discussion, the current paper analyses the challenges and limitations of using fiscal policy as a tool for decision-making in the South Africa. A fiscal policy helps to stabilize the economy by activating automatic stabilizers. In South Africa, fiscal policy informs management decision-making in various ways. As the result of the above, findings reveals that, the South African report on fiscal policy is an important tool for managerial decision-making in South Africa. Fiscal policy can be used by the government to manage the economy, control inflation, and encourage long-term growth. The study’s findings suggest that the government should raise expenditures on infrastructure, education, and health care to stimulate economic growth. In concluding, the paper advise that there is a need for constructive recommendations for effective fiscal policy management in South Africa, including the need for transparency, accountability, and stakeholder engagement.
keywords: South Africa, fiscal policy, managerial decision making, economic growth