Bolivia : Public Expenditure Management for Fiscal Sustainability and Equitable and Efficient Public Serivces

Publication:
Bolivia : Public Expenditure Management for Fiscal Sustainability and Equitable and Efficient Public Serivces

dc.contributor.author	World Bank
dc.date.accessioned	2013-07-08T16:01:57Z
dc.date.available	2013-07-08T16:01:57Z
dc.date.issued	2004-11-18
dc.description.abstract	This Public Expenditure Review (PER) - an update of the 1999 PER - is intended to provide recommendations that will allow Bolivia to regain control of its public finances, and further improve the equity, and efficiency of public services. The first part of the report looks at the macroeconomic setting and fiscal balance, significantly deteriorated in recent years, with an annual GDP growth of only 2.4 percent during 1997-2003. Weaker economic activity, the winding down of privatizations of public enterprises, and poor fiscal policy decisions (particularly on hydrocarbons) led to stagnant government revenue. Part II looks at the structure and trends of public expenditures, pointing that Bolivia's high indebtedness is an indication that the public sector is too large, considering the country's low level of revenue collection. The report explores the principal components of increased government spending, where by and large, wages, pensions, and interest payments amount to 70 percent of total revenues, and have increased by around 20 percent of GDP since 1998. Capital spending (public investment) has also increased recently, and current spending is required to maintain these capital investments, i.e., they will have a future impact on the budget. Recommendations suggest addressing the current fiscal imbalance by implementing expenditure caps on total fiscal expenditure; proposing reforms to increase efficiency of pension cost administration; adjusting local prices of fuel in accordance to changes in international prices; and, deepening the civil service reform. In the long run, subsidies to diesel fuel for electricity generation should be eliminated, and, regressive health insurance fund subsidies should be reviewed.	en
dc.identifier	http://documents.worldbank.org/curated/en/2004/11/5600786/bolivia-public-expenditure-management-fiscal-sustainability-equitable-efficient-public-serivces
dc.identifier.doi	10.1596/14385
dc.identifier.uri	https://hdl.handle.net/10986/14385
dc.language	English
dc.language.iso	en_US
dc.publisher	Washington, DC
dc.relation.ispartofseries	Public expenditure review (PER);
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo/
dc.subject	PUBLIC EXPENDITURE
dc.subject	PUBLIC EXPENDITURE MANAGEMENT
dc.subject	PUBLIC SERVICES
dc.subject	SUSTAINABILITY
dc.title	Bolivia : Public Expenditure Management for Fiscal Sustainability and Equitable and Efficient Public Serivces	en
dspace.entity.type	Publication
okr.date.doiregistration	2025-05-07T09:43:57.496283Z
okr.doctype	Economic & Sector Work::Public Expenditure Review
okr.doctype	Economic & Sector Work
okr.docurl	http://documents.worldbank.org/curated/en/2004/11/5600786/bolivia-public-expenditure-management-fiscal-sustainability-equitable-efficient-public-serivces
okr.globalpractice	Poverty
okr.globalpractice	Social, Urban, Rural and Resilience
okr.globalpractice	Poverty
okr.globalpractice	Governance
okr.guid	871111468198868611
okr.identifier.externaldocumentum	000012009_20050214105516
okr.identifier.internaldocumentum	5600786
okr.identifier.report	28519
okr.language.supported	en
okr.pdfurl	http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2005/02/14/000012009_20050214105516/Rendered/PDF/285190BO.pdf	en
okr.region.administrative	Latin America & Caribbean
okr.region.country	Bolivia
okr.sector	Sub-national government administration
okr.sector	Education
okr.sector	Health
okr.sector	General public administration sector
okr.topic	Public Sector Economics
okr.topic	Social Development::Poverty and Social Impact Analysis
okr.topic	Poverty Reduction::Poverty Assessment
okr.topic	Governance::National Governance
okr.topic	Economic Policy
okr.topic	Institutions and Governance
okr.unit	Economic Policy Sector (LCSPE)
okr.volume	1 of 1