Publication:
Seychelles - Selected Issues : Social Protection, Labor Market and Public Enterprise Reforms - Public Expenditure Review 2

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dc.contributor.authorWorld Bank
dc.date.accessioned2012-03-19T10:12:19Z
dc.date.available2012-03-19T10:12:19Z
dc.date.issued2011-03-01
dc.description.abstractUntil 2008, Seychelles pursued a state-led economic model of self sufficiency which ultimately proved unsustainable. In 2008, precipitated by rising global commodity prices, Seychelles entered a balance of payments and debt crisis, as international reserves were virtually depleted and external debt service payments were missed. The Government of Seychelles responded quickly by floating the rupee and liberalizing the foreign exchange regime, and agreeing a program with the International Monetary Fund under a 2 year stand-by agreement in November 2008. Although the liberalization of the exchange rate in November 2008 led to initial inflation rates in excess of 60 percent, the relative prices shock was quickly absorbed. Annual inflation fell from a high of positive 63.3 percent in December 2008 to negative 1.0 in August 2010. As the price and foreign exchange controls were lifted, the informal market in foreign currency quickly disappeared. This Public Expenditure Review (PER) also provided the Bank with an analytical basis to inform development policy lending in 2010. The specific objectives of the review are to: (i) provide an update on the macroeconomic stabilization efforts and changes to the fiscal policy for medium term debt sustainability and a more efficient and affordable public sector; (ii) analyze key public enterprise reform issues, including a review of the recently introduced legal and institutional changes to improve governance and oversight of the sector; and (iii) review the performance of the social security and labor market and an assessment of the ability of the private sector to absorb employees being retrenched as a result of the civil service reforms.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20110321000841
dc.identifier.doi10.1596/2740
dc.identifier.urihttps://hdl.handle.net/10986/2740
dc.languageEnglish
dc.publisherWorld Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTING
dc.subjectADMINISTRATIVE COSTS
dc.subjectANNUAL BUDGET
dc.subjectANNUAL BUDGET CYCLE
dc.subjectANNUAL BUDGET PREPARATION
dc.subjectANNUAL REPORT
dc.subjectANNUAL REPORTS
dc.subjectAPPROPRIATION
dc.subjectARTICLE
dc.subjectAUDITOR GENERAL
dc.subjectAUDITORS
dc.subjectBALANCE OF PAYMENTS
dc.subjectBENEFICIARIES
dc.subjectBUDGET CIRCULAR
dc.subjectBUDGET CONSTRAINTS
dc.subjectBUDGET COVERAGE
dc.subjectBUDGET CREDIBILITY
dc.subjectBUDGET EXECUTION
dc.subjectBUDGET EXPENDITURE
dc.subjectBUDGET FRAMEWORK
dc.subjectBUDGET POLICY
dc.subjectBUDGET PREPARATION
dc.subjectBUDGET PROCESS
dc.subjectBUDGET STRATEGY
dc.subjectBUDGET SUBMISSION
dc.subjectBUDGET SUPPORT
dc.subjectBUDGET TRANSFERS
dc.subjectCAPACITY BUILDING
dc.subjectCAPITAL EXPENDITURE
dc.subjectCAPITAL EXPENDITURES
dc.subjectCAPITAL GRANTS
dc.subjectCAPITAL INVESTMENTS
dc.subjectCAPITAL SPENDING
dc.subjectCAPITAL STOCK
dc.subjectCASH BALANCES
dc.subjectCASH MANAGEMENT
dc.subjectCASH TRANSFERS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BUDGET
dc.subjectCENTRAL GOVERNMENT
dc.subjectCENTRAL GOVERNMENT BUDGET
dc.subjectCHART OF ACCOUNTS
dc.subjectCIVIL SERVICE
dc.subjectCIVIL SERVICE REFORMS
dc.subjectCOMMODITY PRICES
dc.subjectCOMPOSITION OF EXPENDITURES
dc.subjectCONSUMPTION SMOOTHING
dc.subjectCONTINGENT LIABILITIES
dc.subjectCOST-BENEFIT ANALYSIS
dc.subjectCOSTS OF GOVERNMENT
dc.subjectCREDIT RATINGS
dc.subjectDATA COLLECTION
dc.subjectDEBT
dc.subjectDEBT CRISIS
dc.subjectDEBT MANAGEMENT
dc.subjectDEBT SERVICE
dc.subjectDEBT SERVICE PAYMENTS
dc.subjectDEBT SUSTAINABILITY
dc.subjectEARLY RETIREMENTS
dc.subjectECONOMIC DOWNTURN
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC GROWTH RATE
dc.subjectECONOMIC RECOVERY
dc.subjectEDUCATION SYSTEM
dc.subjectEDUCATIONAL ATTAINMENT
dc.subjectENTITLEMENT PROGRAMS
dc.subjectENTITLEMENTS
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATES
dc.subjectEXPENDITURE CONTROLS
dc.subjectEXPENDITURE OUTCOMES
dc.subjectEXPENDITURES
dc.subjectEXTERNAL ARREARS
dc.subjectEXTERNAL AUDIT
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL SHOCKS
dc.subjectFINANCIAL AUDITS
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFINANCIAL POSITION
dc.subjectFINANCIAL STATEMENTS
dc.subjectFINANCIAL SUPPORT
dc.subjectFISCAL ADJUSTMENT
dc.subjectFISCAL ANALYSIS
dc.subjectFISCAL BALANCE
dc.subjectFISCAL CRISIS
dc.subjectFISCAL FRAMEWORK
dc.subjectFISCAL IMPACT
dc.subjectFISCAL IMPLICATIONS
dc.subjectFISCAL OUTTURN
dc.subjectFISCAL PERFORMANCE
dc.subjectFISCAL POLICY
dc.subjectFISCAL PRESSURE
dc.subjectFISCAL PRESSURES
dc.subjectFISCAL PROBLEMS
dc.subjectFISCAL REFORM
dc.subjectFISCAL RISK
dc.subjectFISCAL RISKS
dc.subjectFISCAL SUSTAINABILITY
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN EXCHANGE
dc.subjectGOVERNMENT FINANCE
dc.subjectGOVERNMENT FINANCE STATISTICS
dc.subjectGOVERNMENT GUARANTEE
dc.subjectGOVERNMENT REVENUE
dc.subjectGOVERNMENT REVENUES
dc.subjectGOVERNMENT SPENDING
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH RATE
dc.subjectHARD BUDGET CONSTRAINT
dc.subjectHEALTH CARE
dc.subjectHEALTH CARE SYSTEM
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFLATION RATES
dc.subjectINTEREST PAYMENTS
dc.subjectINTEREST RATE
dc.subjectMACROECONOMIC FRAMEWORK
dc.subjectMACROECONOMIC INDICATORS
dc.subjectMACROECONOMIC MODEL
dc.subjectMACROECONOMIC PROJECTIONS
dc.subjectMACROECONOMIC SITUATION
dc.subjectMACROECONOMIC STABILIZATION
dc.subjectMINISTRY OF FINANCE
dc.subjectMONETARY DATA
dc.subjectMONETARY POLICY
dc.subjectMONITOR COMPLIANCE
dc.subjectMONTHLY RELEASE SYSTEM
dc.subjectNATIONAL ACCOUNTING
dc.subjectNATIONAL INCOME
dc.subjectNATIONAL SAVINGS
dc.subjectNET LENDING
dc.subjectPENSION FUND
dc.subjectPERFORMANCE AUDITS
dc.subjectPERFORMANCE MONITORING
dc.subjectPERFORMANCE MONITORING SYSTEM
dc.subjectPERSONAL INCOME
dc.subjectPERSONAL INCOME TAX
dc.subjectPOVERTY IMPACT
dc.subjectPOVERTY REDUCTION
dc.subjectPRIVATE FIRMS
dc.subjectPRIVATE PROVIDERS
dc.subjectPRIVATE SECTOR
dc.subjectPUBLIC ACCOUNTS
dc.subjectPUBLIC ADMINISTRATION
dc.subjectPUBLIC AGENCIES
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC ENTERPRISE
dc.subjectPUBLIC ENTERPRISE REFORM
dc.subjectPUBLIC ENTERPRISES
dc.subjectPUBLIC ENTITIES
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC EXPENDITURE REVIEW
dc.subjectPUBLIC EXPENDITURES
dc.subjectPUBLIC FINANCIAL MANAGEMENT
dc.subjectPUBLIC PROCUREMENT
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SECTOR ACCOUNTING
dc.subjectPUBLIC SECTOR EMPLOYMENT
dc.subjectPUBLIC SECTOR ENTITIES
dc.subjectPUBLIC SPENDING
dc.subjectPUBLIC TRANSPORT
dc.subjectPUBLIC TRANSPORTATION
dc.subjectPUBLIC UTILITIES
dc.subjectQUALITY ASSURANCE
dc.subjectQUALITY OF SERVICES
dc.subjectRED TAPE
dc.subjectREFORM AGENDA
dc.subjectREFORM PROCESS
dc.subjectREFORM PROGRAM
dc.subjectREVENUE FORECASTING
dc.subjectREVENUE PROJECTIONS
dc.subjectSALES TAX
dc.subjectSERVICE DELIVERY
dc.subjectSHORT-TERM INTEREST RATES
dc.subjectSIZE OF GOVERNMENT
dc.subjectSOCIAL ASSISTANCE
dc.subjectSOCIAL PROGRAMS
dc.subjectSOCIAL PROTECTION
dc.subjectSOCIAL SECURITY
dc.subjectSOCIAL SECURITY CONTRIBUTIONS
dc.subjectSOCIAL SECURITY SYSTEM
dc.subjectSOCIAL WELFARE
dc.subjectSTRUCTURAL REFORM
dc.subjectSTRUCTURAL REFORMS
dc.subjectSUSTAINABILITY ANALYSIS
dc.subjectTAX ADMINISTRATION
dc.subjectTAX BASE
dc.subjectTAX BURDEN
dc.subjectTAX INCENTIVES
dc.subjectTAX POLICY
dc.subjectTAX RATE
dc.subjectTAX REFORM
dc.subjectTAX REVENUES
dc.subjectTAX SYSTEM
dc.subjectTAXABLE INCOME
dc.subjectTOTAL EXPENDITURE
dc.subjectTOTAL EXPENDITURES
dc.subjectTOTAL SPENDING
dc.subjectTRANSFER PAYMENT
dc.subjectTRANSPARENCY
dc.subjectVOUCHER SYSTEM
dc.subjectWELFARE PROGRAM
dc.titleSeychelles - Selected Issues : Social Protection, Labor Market and Public Enterprise Reforms - Public Expenditure Review 2en
dspace.entity.typePublication
okr.date.disclosure2011-03-21
okr.date.doiregistration2025-05-07T10:22:17.586813Z
okr.doctypeEconomic & Sector Work::Public Expenditure Review
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20110321000841
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.guid356431468104665937
okr.identifier.externaldocumentum000333037_20110321000841
okr.identifier.internaldocumentum13937881
okr.identifier.report57113
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2011/03/21/000333037_20110321000841/Rendered/PDF/571130ESW0Gray101OFFICIAL0USE0ONLY1.pdfen
okr.region.administrativeAfrica
okr.region.countrySeychelles
okr.region.geographicalSub-Saharan Africa
okr.region.geographicalEast Africa
okr.sectorHealth
okr.sectorGeneral water
okr.sectorsanitation and flood protection sector
okr.sectorGeneral transportation sector
okr.sectorGeneral public administration sector
okr.sectorGeneral education sector
okr.sectorHealth and other social services
okr.sectorWater
okr.sectorWater, sanitation and flood protection
okr.sectorTransportation
okr.sectorPublic Administration
okr.sectorLaw
okr.sectorPublic Administration, Law, and Justice
okr.sectorEducation
okr.topicPublic Sector Economics
okr.topicPublic Sector Expenditure Policy
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicPublic Sector Development
okr.unitAFT: PREM 1 (AFTP1)
okr.volume1 of 1
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