Publication:
Lesotho - Managing Government Finances for Growth and Poverty Reduction : Public Expenditure Management and Financial Accountability Review

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dc.contributor.authorWorld Bank
dc.date.accessioned2012-06-11T22:22:42Z
dc.date.available2012-06-11T22:22:42Z
dc.date.issued2007-06-13
dc.description.abstractThis report on managing government finances for growth and poverty reduction in Lesotho is centered on three areas of analysis: (i) macroeconomic and fiscal performance and prospects; (ii) inter and intra-sectoral allocation of resources; and (iii) public expenditure and financial management. A Public Financial Management assessment report, prepared using the Public Expenditure and Financial Accountability (PEFA) framework is included as an Appendix to the main report. The study stress that despite the relatively good growth performance, Lesotho remains one of the poorest countries in the Southern Africa region. Because of this the Government now seeks to address in a more systematic manner the many challenges facing Lesotho including: 1) the slow pace of job creation in Lesotho, compounded by the continual decline in mining jobs for migrant workers in South Africa and a slowdown in GDP growth rate; 2) the increase in the incidence of poverty over the past twenty years; 3) a relatively large and inefficient public sector; 4) excessive reliance on revenues generated by the Southern Africa Customs Union ; and 5) the rapid spread of HIV/AIDS (current prevalence rate estimated at 24 percent), which, if unchecked, will negate all efforts to improve the economy and welfare of the Basotho people.en
dc.identifierhttp://documents.worldbank.org/curated/en/2007/06/7963233/lesotho-managing-government-finances-growth-poverty-reduction
dc.identifier.doi10.1596/7767
dc.identifier.urihttps://hdl.handle.net/10986/7767
dc.languageEnglish
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectGDP GROWTH RATE
dc.subjectJOB CREATION
dc.subjectMACROECONOMIC PERFORMANCE
dc.subjectMIGRANT WORKERS
dc.subjectMINING JOBS
dc.subjectPOVERTY
dc.subjectPOVERTY REDUCTION
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC FINANCIAL MANAGEMENT
dc.subjectRESOURCE ALLOCATION
dc.subjectSPREAD OF HIV/AIDS
dc.titleLesotho - Managing Government Finances for Growth and Poverty Reduction : Public Expenditure Management and Financial Accountability Reviewen
dspace.entity.typePublication
okr.date.disclosure2007-07-24
okr.date.doiregistration2025-05-07T11:54:53.888624Z
okr.doctypeEconomic & Sector Work::Integrated Fiduciary Assessment
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2007/06/7963233/lesotho-managing-government-finances-growth-poverty-reduction
okr.globalpracticePoverty
okr.globalpracticeGovernance
okr.globalpracticeHealth, Nutrition, and Population
okr.guid612811468056084626
okr.identifier.externaldocumentum000020953_20070725104413
okr.identifier.internaldocumentum7963233
okr.identifier.report36359
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2007/07/25/000020953_20070725104413/Rendered/PDF/363590LS.pdfen
okr.region.administrativeAfrica
okr.region.countryLesotho
okr.sectorHealth
okr.sectorTransportation
okr.sectorPublic administration
okr.sectorEducation
okr.topicPublic Sector Expenditure Analysis and Management
okr.topicHealth, Nutrition and Population::Population Policies
okr.topicPoverty Reduction::Rural Poverty Reduction
okr.topicPublic Sector Management and Reform
okr.topicPublic Sector Economics and Finance
okr.topicPublic Sector Development
okr.unitAFT: PREM 1 (AFTP1)
okr.volume1 of 1
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