The Institutional Dimension of Public Financial Governance and Public Sector External Debt in Guinea

Abstract

Through an institutional approach, this article seeks to address the problem of public finance governance and the external debt of the public sector in Guinea. As a result, based on the main theoretical and conceptual contributions relating to public finance governance and public sector external debt, we have devised a theoretical conceptual model that theoretically reflects the influence of public finance governance on public external debt. We tested this model using the linear correlation method, regression and modeling. The results showed a significant influence of the institutional dimension of the governance of public finances on public external debt in Guinea through the components: quality of macroeconomic management and debt policy.