Publication:
Czech Republic : Enhancing the Prospects for Growth with Fiscal Stability

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-06-12T18:53:00Z
dc.date.available2013-06-12T18:53:00Z
dc.date.issued2001-09
dc.description.abstractThe Czech government is confronted with a worsening fiscal situation. The structural deficit ballooned in 2000, and it is expected to widen further in 2001. The report suggests that, at this stage of the recovery, fiscal retrenchment instead should be in order, both to make room for private demand to expand, without putting undue pressure on interest rates, and/or on the external current account, and, to set the country on track towards adhering to Stability and Growth Path when in the European Union (EU). The report sees a stronger case, and greater scope for adjustment on the expenditure, than on the revenue side. Expenditures have shot up in the last three years, to a level which exceeds those observed in comparable countries. Worse, most existing expenditure programs, seem locked in upward trajectories, and fresh spending pressures (arising from EU accession, contingent liabilities, or decentralization) are building up. The report illustrates, for selected sectors (bank restructuring, social protection, health, education, transport, and housing), the challenges involved in correcting expenditure trajectories. A key message is that, to succeed, the process of expenditure reform will need to be firmly grounded in the development of analytic capacities, in both core and line agencies, linked with enhancements in the country's institutions, and procedures for fiscal management.en
dc.identifierhttp://documents.worldbank.org/curated/en/2001/09/1614743/czech-republic-enhancing-prospects-growth-fiscal-stability
dc.identifier.doi10.1596/0-8213-5030-7
dc.identifier.isbn0-8213-5030-7
dc.identifier.urihttps://hdl.handle.net/10986/13864
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesWorld Bank Country Study;
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectASSETS
dc.subjectAUTHORITY
dc.subjectBANK BAILOUTS
dc.subjectBANK RESTRUCTURING
dc.subjectBANKING SECTOR
dc.subjectBORROWING
dc.subjectBUDGET PROCESS
dc.subjectBUDGET SYSTEMS
dc.subjectBUDGETARY FUNDS
dc.subjectBUREAUCRATIC SYSTEM
dc.subjectCENTRAL GOVERNMENT
dc.subjectCENTRAL GOVERNMENTS
dc.subjectCONSOLIDATION
dc.subjectCONSUMER SATISFACTION
dc.subjectCOST BENEFIT ANALYSIS
dc.subjectCPI
dc.subjectDEBT SERVICE
dc.subjectDECENTRALIZATION
dc.subjectDEFICITS
dc.subjectDEVOLUTION
dc.subjectDISTRICTS
dc.subjectECONOMIC RECOVERY
dc.subjectEIB
dc.subjectEMPLOYMENT
dc.subjectENTITLEMENTS
dc.subjectEXCESS DEMAND
dc.subjectEXPENDITURE
dc.subjectEXPENDITURE REFORM
dc.subjectEXPENDITURE RESPONSIBILITIES
dc.subjectEXTRABUDGETARY FUNDS
dc.subjectEXTRAORDINARY ITEMS
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL DIFFICULTIES
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL RESOURCES
dc.subjectFINANCIAL SUSTAINABILITY
dc.subjectFINANCING SOURCES
dc.subjectFISCAL
dc.subjectFISCAL DECENTRALIZATION
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL MANAGEMENT
dc.subjectFISCAL POLICY
dc.subjectFISCAL PRESSURES
dc.subjectFISCAL REVENUE
dc.subjectFISCAL SITUATION
dc.subjectFISCAL STANCE
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN INVESTMENT
dc.subjectFORESTRY
dc.subjectGNP
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectGOVERNMENT HOUSING
dc.subjectGOVERNMENT INTERVENTION
dc.subjectGOVERNMENT OFFICIALS
dc.subjectGOVERNMENT REVENUES
dc.subjectGRANT PROGRAMS
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROSS NATIONAL PRODUCT
dc.subjectHOUSING DEMAND
dc.subjectHOUSING POLICY
dc.subjectHOUSING SUBSIDIES
dc.subjectINCOME
dc.subjectINCOME LEVELS
dc.subjectINDEXATION
dc.subjectINDIVIDUAL ACCOUNTS
dc.subjectINSTITUTIONAL REFORMS
dc.subjectINTEREST RATES
dc.subjectINTERGOVERNMENTAL FISCAL RELATIONS
dc.subjectLABOR FORCE
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGISLATION
dc.subjectLICENSES
dc.subjectLOCAL AUTHORITIES
dc.subjectLOCAL GOVERNMENT
dc.subjectLOCAL GOVERNMENTS
dc.subjectMANDATED EXPENDITURES
dc.subjectMINISTRY OF FINANCE
dc.subjectMUNICIPAL CREDIT
dc.subjectMUNICIPAL DEBT
dc.subjectMUNICIPAL GOVERNMENT
dc.subjectMUNICIPALITIES
dc.subjectNATIONAL LEVEL
dc.subjectOPERATING LOSSES
dc.subjectPENSIONS
dc.subjectPOLICY INSTRUMENTS
dc.subjectPOLITICAL CONSENSUS
dc.subjectPRIVATE COMMERCIAL BANKS
dc.subjectPRIVATE HOUSING
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR FINANCING
dc.subjectPRIVATIZATION
dc.subjectPRODUCERS
dc.subjectPROVISIONING
dc.subjectPROVISIONS
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC EXPENDITURE MANAGEMENT
dc.subjectPUBLIC EXPENDITURE REVIEW
dc.subjectPUBLIC EXPENDITURES
dc.subjectPUBLIC FINANCES
dc.subjectPUBLIC HOUSING
dc.subjectPUBLIC POLICY
dc.subjectPUBLIC RESOURCES
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SERVICE
dc.subjectPUBLIC SERVICES
dc.subjectPUBLIC SPENDING
dc.subjectPUBLIC TRANSPORT
dc.subjectREPRESENTATIVES
dc.subjectRESOURCE USE
dc.subjectRETIREMENT
dc.subjectREVENUE REFORM
dc.subjectREVENUE SOURCES
dc.subjectROADS
dc.subjectSAVINGS
dc.subjectSOCIAL INSURANCE
dc.subjectSOCIAL PROTECTION
dc.subjectSTATE AGENCIES
dc.subjectSTATE BUDGET
dc.subjectSTATE FUNDS
dc.subjectTAX
dc.subjectTAX BURDEN
dc.subjectTAX REVENUES
dc.subjectTAX SUBSIDIES
dc.subjectTOTAL EXPENDITURES
dc.subjectTRADE UNIONS
dc.subjectTRANSPORT
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATE
dc.subjectURBAN CONGESTION
dc.subjectUSER CHARGES
dc.subjectUTILITIES
dc.titleCzech Republic : Enhancing the Prospects for Growth with Fiscal Stabilityen
dspace.entity.typePublication
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research::Publication
okr.docurlhttp://documents.worldbank.org/curated/en/2001/09/1614743/czech-republic-enhancing-prospects-growth-fiscal-stability
okr.globalpracticeSocial, Urban, Rural and Resilience
okr.globalpracticeGovernance
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.guid558991468746726822
okr.identifier.doi10.1596/0-8213-5030-7
okr.identifier.externaldocumentum000094946_01100204031686
okr.identifier.internaldocumentum1614743
okr.identifier.report22888
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2001/10/12/000094946_01100204031686/Rendered/PDF/multi0page.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryCzech Republic
okr.themeEconomic management :: Macroeconomic management
okr.themeEconomic management :: Analysis of economic growth
okr.topicBanks and Banking Reform
okr.topicEnvironmental Economics and Policies
okr.topicGovernance::National Governance
okr.topicPublic Sector Economics and Finance
okr.topicUrban Development::Municipal Financial Management
okr.topicFinance and Financial Sector Development
okr.unitEC2CO
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