Publication:
Sierra Leone Public Expenditure Review 2021: Fiscal Policy for a Sustainable Recovery

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dc.contributor.authorWorld Bank
dc.date.accessioned2021-06-29T15:28:44Z
dc.date.available2021-06-29T15:28:44Z
dc.date.issued2021-06
dc.description.abstractThis Fiscal and Debt Sustainability Note, the first module of a programmatic multisectoral Public Expenditure Review (PER), reviews the recent macro-fiscal challenges, analyzes their causes and consequences and provide policy options for enhancing the conduct of fiscal and PFM policies in the country. The first part of this module draws on the Boost database to provide a comprehensive overview of the budget covering both revenues and expenditures. It analyzes the composition of the budget (based on economic and functional classifications) and discusses the most critical PFM issues the country faces. It also assesses budget execution and the efficiency of public expenditure. The second part of the module focuses on fiscal risks and their implications for medium-term fiscal and debt sustainability. It examines the recent evolution of public debt, its main drivers and relationship to economic growth. It describes recent reforms to address fiscal and debt vulnerabilities and how these reforms have been affected by the global pandemic. It also analyzes the main fiscal risks with a focus on those stemming from State-Own Enterprises (SOEs), local councils, litigations, natural disasters, and health crises. This part uses simulations to analyze the most likely evolution of the public debt path over the next 20 years under alternative risk scenarios. Finally, the module proposes practical and actionable policy options to help improve the macro-fiscal environment over the short term and preserve debt sustainability over the medium term.en
dc.identifierhttp://documents.worldbank.org/curated/en/445731623905884390/Sierra-Leone-Public-Expenditure-Review-2021-Fiscal-Policy-for-a-Sustainable-Recovery
dc.identifier.doi10.1596/35857
dc.identifier.urihttps://hdl.handle.net/10986/35857
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectFISCAL POLICY
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC FINANCIAL MANAGEMENT
dc.subjectPUBLIC INVESTMENT MANAGEMENT
dc.subjectPUBLIC DEBT
dc.subjectFISCAL SUSTAINABILITY
dc.subjectSTATE-OWNED ENTERPRISES
dc.subjectDEBT SUSTAINABILITY
dc.titleSierra Leone Public Expenditure Review 2021en
dc.title.subtitleFiscal Policy for a Sustainable Recoveryen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleSierra Leone Public Expenditure Review 2021
okr.date.disclosure2021-06-17
okr.date.doiregistration2025-05-07T10:09:53.821140Z
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Public Expenditure Review
okr.docurlhttp://documents.worldbank.org/curated/en/445731623905884390/Sierra-Leone-Public-Expenditure-Review-2021-Fiscal-Policy-for-a-Sustainable-Recovery
okr.guid445731623905884390
okr.identifier.externaldocumentum090224b0886f286f_2_0
okr.identifier.internaldocumentum33168849
okr.identifier.report160596
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/445731623905884390/pdf/Sierra-Leone-Public-Expenditure-Review-2021-Fiscal-Policy-for-a-Sustainable-Recovery.pdfen
okr.region.administrativeAfrica
okr.region.administrativeAfrica Western and Central (AFW)
okr.region.countrySierra Leone
okr.topicPublic Sector Development::Public Sector Expenditure Policy
okr.topicPublic Sector Development::Public Financial Management
okr.topicPublic Sector Development::Public Investment Management
okr.topicPublic Sector Development::State Owned Enterprise Reform
okr.unitMacroeconomics, Trade and Investment Global Practice
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