Publication:
Senegal - Enhancing the Efficiency of Public Investment : Public Expenditure Review

dc.contributor.author World Bank
dc.date.accessioned 2012-06-18T18:04:59Z
dc.date.available 2012-06-18T18:04:59Z
dc.date.issued 2005-06
dc.description.abstract This Public Expenditure Review (PER) identifies four major challenges that the Senegalese authorities must meet in order to optimize their investment policy. The first challenge is to optimize the strategic choices underlying an optimal investment policy. To this end, the authorities should improve their capacity to assess the sectoral allocation of their investment projects. They should also accord greater importance to infrastructure - the share of which is still less than optimal by international standards - because of its unquestionably positive impact on growth. It is recommended to program the recurrent costs associated with public investment projects, i.e., that the consolidated investment budget - BCI - be provided with an economic classification clearly distinguishing between the two forms of expenditure, so as to subsequently harmonize them with recurrent costs included in the current budget, and to plan them more effectively over time, both globally and by sector. The second challenge involves improving the alignment of budgetary instruments. To improve the extent to which budgetary instruments are matched with the strategic objectives of the Poverty Reduction strategy Paper (PRSP), this PER proposes two complementary approaches. The first stresses the missing link in the Senegalese planning system, namely the Three-Year Public Investment Program (PTIP). The second approach is aimed at systematizing the link between the Priority Action Plan (PAP) and the approved and implemented BCI, using a monitoring system described herewith. The third challenge: ensuring the proper execution and substance of the investment program, needs to improve the availability of information, which is not necessarily reliable, and tends to become available belatedly. It is also suggested the authorities devote particular attention to the ongoing projects in the infrastructure, and social services sectors, which report implementation rates routinely lower than the average observed in Senegal. Finally, the fourth challenge: establishing an efficient and transparent management system, suggest the Government continue improvements to the public expenditure management system, especially as regards investment expenditure. en
dc.identifier http://documents.worldbank.org/curated/en/2005/06/6349620/senegal-enhancing-efficiency-public-investment-public-expenditure-review-senegal-enhancing-efficiency-public-investmnet-public-expenditure-review
dc.identifier.uri http://hdl.handle.net/10986/8296
dc.language English
dc.language.iso en_US
dc.publisher Washington, DC
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject ACCOUNTING
dc.subject AGGREGATE DEMAND
dc.subject BUDGET ACCOUNTING
dc.subject BUDGET EXECUTION
dc.subject CAPACITY BUILDING
dc.subject CAPITAL PROJECTS
dc.subject CENTRALIZATION
dc.subject COMMERCIAL BANKS
dc.subject COMPARATIVE ADVANTAGES
dc.subject CONCESSIONAL TERMS
dc.subject CURRENT ACCOUNT
dc.subject DEBT
dc.subject DEBT SERVICE
dc.subject DECENTRALIZATION
dc.subject DEVELOPMENT STRATEGY
dc.subject ECONOMIC EXPANSION
dc.subject ECONOMIC GROWTH
dc.subject ECONOMIC POLICY
dc.subject ELECTRICITY
dc.subject EMERGING ECONOMIES
dc.subject EXOGENOUS SHOCKS
dc.subject EXPORT GROWTH
dc.subject EXPORTS
dc.subject EXTERNAL AUDITORS
dc.subject EXTERNAL FINANCING
dc.subject EXTREME POVERTY
dc.subject FINANCIAL ACCOUNTABILITY
dc.subject FINANCIAL INSTITUTIONS
dc.subject FISCAL DEFICIT
dc.subject FISCAL DISCIPLINE
dc.subject FISCAL PERFORMANCE
dc.subject FISCAL POLICY
dc.subject GDP
dc.subject GOVERNMENT BUDGET
dc.subject GOVERNMENT EQUITY
dc.subject GROWTH RATE
dc.subject HOUSING
dc.subject HUMAN CAPITAL
dc.subject INDUSTRIAL ECONOMIES
dc.subject INFLATION
dc.subject INTEREST PAYMENTS
dc.subject INTEREST RATE
dc.subject INTERNATIONAL MONETARY FUND
dc.subject INVESTMENT EXPENDITURES
dc.subject INVESTMENT MANAGEMENT
dc.subject INVESTMENT PROGRAMS
dc.subject INVESTMENT PROJECTS
dc.subject LIVING STANDARDS
dc.subject LOCAL GOVERNMENTS
dc.subject LONG TERM
dc.subject MACROECONOMIC FRAMEWORK
dc.subject MACROECONOMIC PERFORMANCE
dc.subject MUNICIPALITIES
dc.subject NOMINAL INTEREST RATE
dc.subject PER CAPITA INCOME
dc.subject PORTFOLIO
dc.subject POVERTY REDUCTION
dc.subject PRICE STABILITY
dc.subject PRIVATE INVESTMENT
dc.subject PRIVATE SECTOR
dc.subject PRIVATE SECTOR PARTICIPATION
dc.subject PROFITABILITY
dc.subject PUBLIC
dc.subject PUBLIC DEBT
dc.subject PUBLIC DEBT SUSTAINABILITY
dc.subject PUBLIC DEFICIT
dc.subject PUBLIC ENTERPRISES
dc.subject PUBLIC EXPENDITURE
dc.subject PUBLIC EXPENDITURE MANAGEMENT
dc.subject PUBLIC EXPENDITURE REVIEW
dc.subject PUBLIC FINANCE
dc.subject PUBLIC FINANCE MANAGEMENT
dc.subject PUBLIC FINANCES
dc.subject PUBLIC INVESTMENT
dc.subject PUBLIC INVESTMENT PROGRAM
dc.subject PUBLIC INVESTMENT PROGRAMS
dc.subject PUBLIC INVESTMENT SERIES
dc.subject PUBLIC RESOURCES
dc.subject PUBLIC SECTOR
dc.subject PUBLIC SECTOR DEBT
dc.subject RETURN ON INVESTMENT
dc.subject SOCIAL SECURITY
dc.subject STATISTICAL ANALYSIS
dc.subject SUSTAINED GROWTH
dc.subject TECHNICAL ASSISTANCE
dc.subject TRANSPARENCY
dc.subject TREASURY
dc.subject WEALTH
dc.subject WEALTH CREATION
dc.title Senegal - Enhancing the Efficiency of Public Investment : Public Expenditure Review en
dc.title.alternative Ameliorer l'efficacite de l'investissement public en
dspace.entity.type Publication
okr.date.disclosure 2005-10-19
okr.doctype Economic & Sector Work :: Public Expenditure Review
okr.doctype Economic & Sector Work
okr.docurl http://documents.worldbank.org/curated/en/2005/06/6349620/senegal-enhancing-efficiency-public-investment-public-expenditure-review-senegal-enhancing-efficiency-public-investmnet-public-expenditure-review
okr.globalpractice Macroeconomics and Fiscal Management
okr.globalpractice Governance
okr.identifier.externaldocumentum 000012009_20051017150125
okr.identifier.internaldocumentum 6349620
okr.identifier.report 32479
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2005/10/17/000012009_20051017150125/Rendered/PDF/3247900rev0pdf.pdf en
okr.region.administrative Africa
okr.region.country Senegal
okr.sector Water, sanitation and flood protection
okr.sector Health and other social services
okr.sector Transportation
okr.sector Public Administration, Law, and Justice
okr.sector Education
okr.topic Public Sector Economics
okr.topic Macroeconomics and Economic Growth :: Investment and Investment Climate
okr.topic Economic Theory and Research
okr.topic Macroeconomics and Economic Growth :: Macroeconomic Management
okr.topic Macroeconomics and Economic Growth :: Economic Stabilization
okr.topic Public Sector Development
okr.unit AFT: PREM 4 (AFTP4)
okr.volume 1 of 1
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