Publication: Malaysia Public Expenditures : Managing the Crisis; Challenging the Future
Date
2000-05-22
ISSN
Published
2000-05-22
Author(s)
World Bank
Abstract
Malaysia achieved unprecedented economic
growth and dramatic poverty reduction in the two decades
prior to 1997. As a result, pressure on public expenditures
was alleviated and when the regional financial crisis hit in
1997, the budget was in surplus and public debt had fallen
to around 30 percent in GDP. But the crisis brought to the
fore issues in public expenditure management that might have
remained of less significance in a fast-growing economy:
large and increasing off-budget liabilities that could
undermine fiscal prudence, accountability, and efficiency in
the use of public resources. The government is rethinking
its role in tertiary education, tertiary health care, social
protection against income risk, and infrastructure. In these
areas, there is a potential role for the private sector in
provision and financing, and the government's role is
gradually shifting from being a provider of these services
to a financial supporter and a regulator. In this evolving
public-private partnership, the goal of the government is to
reduce the fiscal burden while ensuring equity in delivering
public services and efficiency in allocating and using
public resources. This public expenditure analysis aims to
analyze fiscal issues arising from the crisis, gauge the
government's public expenditure management system, and
assess performance and future challenges in education,
health, poverty reduction, and infrastructure.
Link to Data Set
Citation
“World Bank. 2000. Malaysia Public Expenditures : Managing the Crisis; Challenging the Future. Public expenditure review (PER);. © Washington, DC. http://hdl.handle.net/10986/15186 License: CC BY 3.0 IGO.”