Publication: Liberia Public Expenditure Review : Options for Fiscal Space Enlargement
Date
2013-05
ISSN
Published
2013-05
Author(s)
World Bank
Abstract
Liberia's post-conflict
reconstruction and rehabilitation has been successful.
Peace, stability and security gradually returned and
provided an enabling environment for the rebuilding of this
war-torn country. Over the next five years (2013-2017), the
Bank will focus on building infrastructure (energy and
transport), increasing youth employment opportunities,
strengthening human development and sustaining peace and
security. This note considers how to increase Liberia s
fiscal space by examining four options: 1) improving the
efficiency of public expenditure, 2) increasing external
grants, 3) increasing domestic revenue, and 4) increasing
borrowing (domestic and/or external). While any increase in
fiscal space gained from the first two options will not
impose a burden in terms of debt or tax on the economy, the
latter two will impose such burdens. In its examination of
public expenditure by economic classification, this note
finds that fiscal space in Liberia can be created by further
improving the technical efficiency of current expenditure
(wages and salaries, goods and services and transfers to
state owned enterprises). However, the size of the fiscal
space gained from these measures is difficult to pinpoint.
Link to Data Set
Citation
“World Bank. 2013. Liberia Public Expenditure Review : Options for Fiscal Space Enlargement. © Washington, DC. http://hdl.handle.net/10986/16779 License: CC BY 3.0 IGO.”