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

dc.contributor.authorWorld Bank
dc.date.accessioned2013-07-08T16:01:57Z
dc.date.available2013-07-08T16:01:57Z
dc.date.issued2004-11-18
dc.description.abstractThis 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.identifierhttp://documents.worldbank.org/curated/en/2004/11/5600786/bolivia-public-expenditure-management-fiscal-sustainability-equitable-efficient-public-serivces
dc.identifier.urihttps://hdl.handle.net/10986/14385
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.relation.ispartofseriesPublic expenditure review (PER);
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC EXPENDITURE MANAGEMENT
dc.subjectPUBLIC SERVICES
dc.subjectSUSTAINABILITY
dc.titleBolivia : Public Expenditure Management for Fiscal Sustainability and Equitable and Efficient Public Serivcesen
dspace.entity.typePublication
okr.doctypeEconomic & Sector Work::Public Expenditure Review
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2004/11/5600786/bolivia-public-expenditure-management-fiscal-sustainability-equitable-efficient-public-serivces
okr.globalpracticePoverty
okr.globalpracticeSocial, Urban, Rural and Resilience
okr.globalpracticePoverty
okr.globalpracticeGovernance
okr.identifier.externaldocumentum000012009_20050214105516
okr.identifier.internaldocumentum5600786
okr.identifier.report28519
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2005/02/14/000012009_20050214105516/Rendered/PDF/285190BO.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.countryBolivia
okr.sectorSub-national government administration
okr.sectorEducation
okr.sectorHealth
okr.sectorGeneral public administration sector
okr.topicPublic Sector Economics
okr.topicSocial Development::Poverty and Social Impact Analysis
okr.topicPoverty Reduction::Poverty Assessment
okr.topicGovernance::National Governance
okr.topicEconomic Policy
okr.topicInstitutions and Governance
okr.unitEconomic Policy Sector (LCSPE)
okr.volume1 of 1
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