Publication: Expenditure Policies Toward EU Accession
Date
2003
ISSN
Published
2003
Author(s)
Funck, Bernard
Abstract
The report discusses the set of public
expenditure policies that might be conducive to rapid
growth, and convergence among Central and Eastern European
countries. It was left to others' complementary
contributions, to discuss two other key dimensions of
expenditure reforms: the overall macroeconomic framework in
which they take place, and to which they contribute, and,
the institutional and political economy conditions under
which successful reform strategies can be designed, find
political support, and be implemented. In this report, the
authors seek to take stock of the countries' own public
expenditure policy objectives, and to distill the best
practices and lessons learned in the design of expenditure
reforms within those countries. And, the authors conclude
that the general thrust of the expenditure strategies
candidate countries have put forward, in their (European
Union) pre-accession economic programs, appears both
appropriate, and at least theoretically feasible. The report
highlights ways in which key expenditure programs could be
redirected to be more fully supportive of growth objectives,
as well as the factors related to a country's political
economy, and to the institutional framework of public
resource management, which will undoubtedly play a
determining role in framing what actual policy choices will
eventually be made.
Citation
“Funck, Bernard. 2003. Expenditure Policies Toward EU Accession. World Bank Technical Paper;No. 533. © Washington, DC: World Bank. http://openknowledge.worldbank.org/entities/publication/a27ae238-8dbe-5e88-bd31-4e7a003b1a7c License: CC BY 3.0 IGO.”