Publication:
Getting More from a Fiscal Stimulus

dc.contributor.authorThomas, Theo
dc.date.accessioned2012-08-13T11:57:52Z
dc.date.available2012-08-13T11:57:52Z
dc.date.issued2009-07
dc.description.abstractThe severity and global nature of the current financial and economic crisis has increased the role expected of fiscal policy in stimulating national and global demand, protecting vulnerable groups, and investing for future growth (International Monetary Fund, or IMF 2009). For those that can afford it, this means quickly designing and implementing fiscal stimulus packages. These new challenges have arisen while governments across the world have, for some time, been reforming their budget management frameworks to improve public sector performance to better meet complex and ever-rising obligations. While there is a risk that the short-term stimulus diverts attention from longer-term performance reforms, this note suggests that 'performance-informed budgeting' can help countries better address the challenges of the current financial and economic crisis. Specifically, how governments might enhance the impact of their fiscal stimulus through three interrelated performance-informed areas: i) reprioritizing public spending to maximize the impact of the stimulus measures; ii) improving the efficiency and effectiveness of operational expenditures to avoid waste and maximize the available fiscal space; and iii) accelerating investment expenditures, to both stimulate demand and build for future growth.en
dc.identifierhttp://documents.worldbank.org/curated/en/2009/07/11936539/getting-more-fiscal-stimulus
dc.identifier.urihttps://hdl.handle.net/10986/10536
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesGlobal Expert Team (GET) Note
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO FINANCING
dc.subjectACCOUNTABILITY
dc.subjectBANKS
dc.subjectBUDGET AGENCIES
dc.subjectBUDGET PROCESS
dc.subjectBUDGETING
dc.subjectCIVIL SERVICE
dc.subjectCOMMODITY PRICES
dc.subjectCURRENT EXPENDITURES
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT BANK
dc.subjectDURABLE
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKET ECONOMIES
dc.subjectEMERGING MARKETS
dc.subjectEXPENDITURE
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFISCAL ADJUSTMENT
dc.subjectFISCAL CONDITIONS
dc.subjectFISCAL DISCIPLINE
dc.subjectFISCAL MANAGEMENT
dc.subjectFISCAL POLICY
dc.subjectFISCAL STIMULUS
dc.subjectFISCAL SUSTAINABILITY
dc.subjectGOVERNMENT SPENDING
dc.subjectINFORMATION SYSTEMS
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL INSTITUTIONS
dc.subjectINVESTING
dc.subjectINVESTMENT PROJECTS
dc.subjectINVESTMENT SPENDING
dc.subjectLEGISLATION
dc.subjectLONG-TERM INVESTMENT
dc.subjectOUTPUTS
dc.subjectPENSION
dc.subjectPENSION REFORMS
dc.subjectPOLITICAL ECONOMY
dc.subjectPRIVATE SECTOR
dc.subjectPUBLIC
dc.subjectPUBLIC EXPENDITURES
dc.subjectPUBLIC FINANCES
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC POLICIES
dc.subjectPUBLIC RESOURCES
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SECTOR MANAGEMENT
dc.subjectPUBLIC SECTOR PERFORMANCE
dc.subjectPUBLIC SPENDING
dc.subjectREAL SECTOR
dc.subjectREGIONAL DEVELOPMENT BANKS
dc.subjectSAFETY
dc.subjectSAFETY NET
dc.subjectSAVINGS
dc.subjectSTABILIZATION EFFORTS
dc.subjectTRANSPARENCY
dc.subjectTREASURY
dc.subjectWAGES
dc.titleGetting More from a Fiscal Stimulusen
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.doctypePublications & Research::Brief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2009/07/11936539/getting-more-fiscal-stimulus
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeSocial Protection and Labor
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.identifier.externaldocumentum000333037_20100315010236
okr.identifier.internaldocumentum11936539
okr.identifier.report53457
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/03/15/000333037_20100315010236/Rendered/PDF/534570GET0note1ked0questions0series.pdfen
okr.topicPublic Sector Economics
okr.topicSocial Protections and Labor::Labor Policies
okr.topicBanks and Banking Reform
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicMacroeconomics and Economic Growth::Economic Stabilization
okr.topicPublic Sector Development
okr.unitPublic Sector (LCSPS)
okr.volume1 of 1
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