Maintaining National Economic Stability Through the Integration of Macro Policy and Public Sector Oversight

Abstract

National economic stability serves as a fundamental prerequisite for achieving long-term growth, societal welfare, and global competitiveness. This study aims to examine the interrelationship between macroeconomic policy, fiscal accountability, and public sector audit in maintaining economic stability. Adopting a library research approach, the study analyzes empirical literature from the past five years to provide a comprehensive understanding of the dynamics involved. The findings indicate that the effectiveness of fiscal and monetary policies significantly influences inflation control, unemployment levels, and fiscal balance. Public sector audit plays a pivotal role in ensuring transparency and efficiency in government financial management, thereby strengthening public trust and fiscal stability. Furthermore, the integration of sound economic policies with accountable public oversight mechanisms fosters a robust foundation for inclusive and sustainable economic development. The study underscores that economic stability is not merely the outcome of appropriate economic policies but also a reflection of transparent and responsible governance. By highlighting the synergy between macroeconomic management and fiscal accountability, this research contributes to the discourse on sustainable development and good governance.