QUESTION ONE In public finance, it no longer suffices for analysts and institutions to focus solely on budget revenues and expendit
QUESTION ONE
In public finance, it no longer suffices for analysts and institutions to focus solely on budget revenues and expenditures. Recent history demonstrates that fiscal performance and, in turn, economic development can be seriously disrupted by the sudden, unexpected costs of hidden
(a) Discuss at least five explicit contingent liabilities that have occurred over the last three decades in Zambia?
(b) Discuss at least five implicit contingent liabilities that have occurred over the last three decades in Zambia?
(c) Discuss with justifiable reasons at least five of those risks that are likely to persist in the coming decade based on the current economic fundamentals?
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