ABSTRACT
Introduction Fiscal sustainability is considered in the literature to be a key ingredient for monetary union between different countries. Achieving fiscal sustainability at the national level allows the authorities to attain low inflation, exchange rate stability, an increase in foreign reserves, a reduction in the fiscal deficit and a decline in public debt, among other things. This chapter, therefore, explores the sustainability of fiscal policy in the WAMZ member countries, using both the accounting and present value budget constraint (PVBC) approaches.
