October 2024

The political economy of Lesotho fiscal policy

The paper uses analytic narratives to determine the economic and political factors that have shaped Lesotho’s fiscal policy choice during both the colonial and post-colonial eras. This is essential given that fiscal policy is the linchpin for macroeconomic management in Lesotho, especially in the fixed exchange rate regime context. It is important to trace this evolution as far back as the colonial era since some...

Author(s): Mamosi Bulane