Publication: Guinea-Bissau - Public Expenditure Review Update : Enhancing Growth and Fiscal Adjustment Through Civil Service Reform
Date
2007-05-23
ISSN
Published
2007-05-23
Author(s)
World Bank
Abstract
Guinea-Bissau's large public sector
wage bill poses a major threat to the country's
macroeconomic stability: it hampers growth, limits the
government's ability to service the domestic and
external debt, and crowds out private investments. For this
reason, the government decided in early 2006 to retrench
more than 2,800 civil servants in a first phase, and about
1,600 military later. The objectives of this public
expenditure review (PER) update are to: (i) review progress
in macroeconomic and fiscal management since the previous
PER; (ii) analyze the issue of compensation benefits in the
context of the ongoing civil service reform; and (ii) update
the debt sustainability analysis for Guinea-Bissau. Besides
this introduction, the report includes three main chapters
on macroeconomic management, improving the fiscal situation,
and debt sustainability. The report also gives a final
conclusion and discusses the way forward.
Citation
“World Bank. 2007. Guinea-Bissau - Public Expenditure Review Update : Enhancing Growth and Fiscal Adjustment Through Civil Service Reform. © World Bank. http://openknowledge.worldbank.org/entities/publication/7f53077f-f6a1-5a9f-a8d8-9fa0a9c5a330 License: CC BY 3.0 IGO.”