Publication:
Bulgaria - Public Expenditure Issues and Directions for Reform : A Public Expenditure and Institutional Review

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-08-27T17:30:30Z
dc.date.available2013-08-27T17:30:30Z
dc.date.issued2002-08-31
dc.description.abstractA long period of economic mismanagement and political instability in the early 1990s, delayed Bulgaria's transition from planned, to market economy by nearly a decade, leading to the collapse of Bulgaria's economy in 1996-97. The introduction of a Currency Board Arrangement (CBA) in July 1997 and the subsequent implementation of sound macroeconomic and structural policies succeeded in restoring growth, abating inflation and improving public and investors confidence. The CBA has been underpinned by a conservative fiscal policy and a sharp acceleration of structural reforms. Budgetary institutions and processes were overhauled to enhance transparency and ensure fiscal discipline. The wide-ranging structural reforms program encompassed liberalization in agriculture, energy, privatization in the enterprise sector, as well as reform of the social sector. First generation reforms, including price and trade liberalization, have largely been implemented and the privatization/liquidation program has to a large extent eliminated the value-subtracting activities. Dominating the country's reform agenda are now the second-generation reforms, to complete the transition from planned, to market, in particular reforms to establish the institutional foundations. Part I reviews overall public expenditure level, and discusses the sustainability of fiscal policy taking into account revenues and expenditure prospects, debt and growth targets. A fiscal sustainability analysis was performed with the participation of Bulgarian counterparts, to integrate fiscal sustainability simulations into the standard macro-economic analysis underpinning annual budgets. Functional and economic analysis of expenditure highlights issues of trade-offs, and priorities across expenditure categories. Building on the previous section, Part II assesses the fiscal impact of structural reforms in health, education, social protection, energy and transport, and, deepens the dialogue on policy reforms, highlighting the fiscal implications of alternative options as well as their social impact. Assessment of poverty within public expenditures is based on the results of the poverty update.en
dc.identifierhttp://documents.worldbank.org/curated/en/2002/08/1994642/bulgaria-public-expenditure-issues-directions-reform-public-expenditure-institutional-review
dc.identifier.doi10.1596/15373
dc.identifier.urihttps://hdl.handle.net/10986/15373
dc.languageEnglish
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.subjectACCESSION COUNTRIES
dc.subjectACCOUNTING
dc.subjectAUTHORITY
dc.subjectBALANCE OF PAYMENTS
dc.subjectBENEFIT INCIDENCE
dc.subjectBORROWING
dc.subjectBUDGET EXECUTION
dc.subjectBUDGET FORMULATION
dc.subjectBUSINESS ENVIRONMENT
dc.subjectCIVIL SOCIETY
dc.subjectCORPORATE INCOME TAX
dc.subjectCOUNCIL OF MINISTERS
dc.subjectCURRENCY UNIT
dc.subjectDEBT
dc.subjectDECISION MAKERS
dc.subjectDECISION MAKING
dc.subjectDEFICITS
dc.subjectDEPENDENCY RATIO
dc.subjectDEVELOPMENT PARTNERS
dc.subjectECONOMIC ANALYSES
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC MANAGEMENT
dc.subjectECONOMIC MEMORANDUM
dc.subjectEDUCATION
dc.subjectEDUCATION LEVEL
dc.subjectELECTRICITY
dc.subjectETHNIC GROUPS
dc.subjectEXECUTION
dc.subjectEXPENDITURE REFORM
dc.subjectEXTERNAL SHOCKS
dc.subjectFINANCIAL CONTROL
dc.subjectFINANCIAL DISCIPLINE
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFISCAL
dc.subjectFISCAL BURDEN
dc.subjectFISCAL DECENTRALIZATION
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL DISCIPLINE
dc.subjectFISCAL MANAGEMENT
dc.subjectFISCAL POLICY
dc.subjectFISCAL STANCE
dc.subjectFISCAL SUSTAINABILITY
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN INVESTMENT
dc.subjectGOVERNMENT OFFICIALS
dc.subjectGOVERNMENT REVENUES
dc.subjectGOVERNMENT SPENDING
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH RATE
dc.subjectHEALTH
dc.subjectHEALTH CARE
dc.subjectHEALTH INDICATORS
dc.subjectHEALTH INSURANCE
dc.subjectHEALTH STATUS
dc.subjectHOSPITALS
dc.subjectHOUSEHOLD SURVEY
dc.subjectIMMUNIZATION
dc.subjectINCOME
dc.subjectINFLATION
dc.subjectINTERNATIONAL COMPARISONS
dc.subjectINVESTMENT CLIMATE
dc.subjectLABOR MARKET
dc.subjectLIVING STANDARDS
dc.subjectLOCAL AUTHORITIES
dc.subjectLOCAL GOVERNMENT
dc.subjectMACROECONOMIC MANAGEMENT
dc.subjectMACROECONOMIC STABILITY
dc.subjectMANAGERS
dc.subjectMIGRATION
dc.subjectMINISTRY OF FINANCE
dc.subjectMUNICIPALITIES
dc.subjectOVERALL EXPENDITURE
dc.subjectPHYSICIANS
dc.subjectPOLICY DIRECTIONS
dc.subjectPOLICY MAKERS
dc.subjectPOLIO
dc.subjectPOPULATION GROWTH
dc.subjectPOPULATION SIZE
dc.subjectPOVERTY ASSESSMENT
dc.subjectPOVERTY GAP
dc.subjectPOVERTY LEVELS
dc.subjectPOVERTY REDUCTION
dc.subjectPOVERTY STATUS
dc.subjectPOVERTY TRENDS
dc.subjectPRIVATE SECTOR
dc.subjectPROFESSIONAL TRAINING
dc.subjectPUBLIC ADMINISTRATION
dc.subjectPUBLIC EDUCATION
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC EXPENDITURE MANAGEMENT
dc.subjectPUBLIC EXPENDITURES
dc.subjectPUBLIC HEALTH
dc.subjectPUBLIC HEALTH EXPENDITURES
dc.subjectPUBLIC INFRASTRUCTURE
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC SERVICE
dc.subjectPUBLIC SERVICE OBLIGATION
dc.subjectPUBLIC WORKS
dc.subjectPURCHASING POWER
dc.subjectPURCHASING POWER PARITY
dc.subjectQUALITY CONTROL
dc.subjectRATIONALIZATION
dc.subjectREAL TERMS
dc.subjectREFORM PROGRAMS
dc.subjectREPRESENTATIVES
dc.subjectREVENUE PERFORMANCE
dc.subjectRURAL AREAS
dc.subjectSAVINGS
dc.subjectSCHOOLS
dc.subjectSOCIAL ASSISTANCE
dc.subjectSOCIAL INSURANCE
dc.subjectSOCIAL POLICY
dc.subjectSOCIAL PROTECTION
dc.subjectSOCIAL PROTECTION PROGRAMS
dc.subjectSOCIAL PROTECTION SYSTEM
dc.subjectSOCIAL SECTORS
dc.subjectSOCIAL SECURITY
dc.subjectSOFT BUDGET CONSTRAINTS
dc.subjectSTATE AGENCIES
dc.subjectSTATE-OWNED ENTERPRISES
dc.subjectSTRUCTURAL REFORM
dc.subjectSTRUCTURAL REFORMS
dc.subjectSTRUCTURE OF GOVERNMENT
dc.subjectTASK TEAM LEADER
dc.subjectTAX REFORM
dc.subjectTAXATION
dc.subjectTREASURY
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT BENEFITS
dc.subjectUNEMPLOYMENT RATE
dc.subjectURBAN AREAS PUBLIC EXPENDITURES
dc.subjectTRANSITION ECONOMIES
dc.subjectPOLITICAL CONSTRAINTS
dc.subjectCURRENCY BOARDS
dc.subjectMACROECONOMIC POLICY
dc.subjectSTRUCTURAL ADJUSTMENT
dc.subjectFISCAL POLICY
dc.subjectREFORM POLICY
dc.subjectFISCAL SUSTAINABILITY
dc.subjectBUDGETARY PROCESS
dc.subjectSOCIAL IMPACT
dc.subjectPOVERTY UPDATES
dc.titleBulgaria - Public Expenditure Issues and Directions for Reform : A Public Expenditure and Institutional Reviewen
dspace.entity.typePublication
okr.date.doiregistration2025-05-07T11:46:00.079306Z
okr.doctypeEconomic & Sector Work::Public Expenditure Review
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2002/08/1994642/bulgaria-public-expenditure-issues-directions-reform-public-expenditure-institutional-review
okr.globalpracticePoverty
okr.globalpracticeGovernance
okr.guid638111468019803695
okr.identifier.externaldocumentum000094946_02090704040722
okr.identifier.internaldocumentum1994642
okr.identifier.report23979
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2002/09/24/000094946_02090704040722/Rendered/PDF/multi0page.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.administrativeEurope and Central Asia
okr.region.countryBulgaria
okr.sectorHealth,General transportation sector,General energy sector,General education sector,General public administration sector
okr.sectorHealth and other social services,Transportation,Energy and mining,Education,Public Administration, Law, and Justice
okr.topicPublic Sector Economics
okr.topicHealth Monitoring and Evaluation
okr.topicGovernance::National Governance
okr.topicPoverty Reduction::Poverty Assessment
okr.topicEnvironmental Economics and Policies
okr.unitPoverty Reduction/Econ Mngmt (ECSPE)
okr.volume1
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