Abstract: | Ghana has been faced with a continuous series of budget deficits since her independence in 1957. The mounting budget deficits have been an important cause of inflation and balance of payments deficits. The author tries to show that the arbitrary method of determining the size of budgets and the consequent tendency towards 'window-dressing' have been two major reasons for the mounting bidget deficits and wide discrepancies between the planned and the actual deficits. Then he explains the divergence between the planned and the actual budgetary expenditures. References; notes; tables. |