BRIDGING BUDGETS: INVESTIGATING THE IMPACTS OF AID AND BORROWING ON FISCAL BEHAVIOR IN GHANA

Authors: Abena Mensah Addo

Published: March 2024

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Abstract

<p>Government expenditure stands as a global catalyst, wielding substantial influence in propelling economic growth. It serves as the linchpin that empowers states to establish critical infrastructure and institutional frameworks essential for fostering a diverse array of economic activities. This abstract delves into the overarching role of government expenditure in stimulating economic growth on a global scale, highlighting its significance as a driver of essential developmental components. The worldwide perspective on government expenditure as an impetus for economic growth is fundamental to understanding its universal impact. As a dynamic force, government spending transcends geographical boundaries, playing a pivotal role in shaping the economic landscapes of nations. This abstract explores the multifaceted dimensions of government expenditure, elucidating its far-reaching effects on infrastructure development and the facilitation of diverse economic undertakings. The integral relationship between government expenditure and economic growth lies in the allocation of resources to critical sectors. The state's ability to fund infrastructure projects, create institutional frameworks, and sustain various economic activities hinges on prudent expenditure. This abstract emphasizes the pivotal role of government outlays in not only fueling short-term economic activities but also in laying the foundation for sustained and robust growth over the long term. In conclusion, this abstract underscores the global significance of government expenditure as a potent driver of economic growth. By facilitating infrastructure development and fostering an environment conducive to economic activities, government spending emerges as a linchpin in the trajectory of nations towards sustained prosperity</p>

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