The Impact of Fiscal Policy Implementation on Economic Growth: Case Analysis of Developing Countries

Abstract

Fiscal policy is an important instrument used by governments to influence economic growth in developing countries. This research aims to analyze the impact of fiscal policy implementation on economic growth in developing countries. Using the case study method, this research explores best practices and challenges in implementing fiscal policy in a number of selected developing countries. Data was collected through analysis of policy documents, official government reports, and study of related literature. Research findings reveal that implementing appropriate fiscal policies, such as budget deficit management, productive public spending, and tax reform, can contribute significantly to economic growth in developing countries. However, challenges such as limited resources, corruption and political instability can hinder the effectiveness of fiscal policy. This research concludes that developing countries need to adopt solid and sustainable fiscal policies, accompanied by improvements in governance and a conducive business environment to encourage inclusive and sustainable economic growth.