Changes in the fiscal stance and the composition of public spending

Abstract

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Does Fiscal Stance affect Public Expenditure: Evidence from Kenya

“…This paper argues that there is a relationship between fiscal policy stance and public expenditure, consistent with Stancik & Valila (2012) and Tanzi (2006). Furthermore, the theory of fiscal policy asserts that fiscal policy aims to redistribute and reallocate resources in the various sectors of an economy.…”