Aron, Janine; Ajam, Tania - Department of Economics, Oxford University - 2007
democratic elections, held amid uncertainty about its ability to maintain the rule of law and resist populist spending pressures …. Constitutionally-based, durable and credible fiscal reforms have contained spending and rendered policy at all levels of government … relief. Fiscal consolidation almost eliminated the budget deficit by 2005, and with improved debt management, has created a …