Inadequate fiscal policies

The growth of expenditures followed by increasing gaps in the availability of resources have contributed to higher fiscal deficits and to rising debts, both internal and external. Further, changes in the composition of public expenditures have also affected the structure and exercise of financial controls.

1. Governments should shift the burden of taxation away from job generation and employment to capital and the waste of increasingly scarce environmental resources.

1. Inappropriate policies
2. Inadequate economic policy-making

1. Inappropriate taxation
2. Inappropriate funding priorities
3. Fiscal and trade imbalances
4. Ineffective tax systems

1. Inadequate management of government finances
2. Government budget deficits
3. Global financial crisis

1. Studying economic reform
2. Introducing environmental taxes
3. Improving fiscal policies

1. Reform
2. Lack
3. Inadequacy
4. Crisis
5. Counter-reformation