Publication: Georgia - Public Expenditure Review : Managing Expenditure Pressures for Sustainability and Growth
Date
2012-11
ISSN
Published
2012-11
Author(s)
World Bank
Abstract
Economic growth has rebounded strongly
in Georgia during 2010-12 and commendable fiscal
consolidation has been implemented, although considerable
medium-term macro-fiscal challenges remain. This public
expenditure review (PER) considers possible sources of
expenditure pressure that may affect the fiscal
consolidation program and suggests options to manage them.
This PER presents a number of options for consideration to
manage fiscal consolidation, which can contribute toward
greater selectivity in capital expenditures, enhanced
sustainability of the road investment program, and
containing medium-term social expenditure pressures. The
rest of this synthesis report is in five chapters. Chapter
first summarizes the macroeconomic context and assesses
trade-offs associated in balancing the overall composition
of public expenditures. The second and third chapters
illustrate policy options and implications associated with
containing social expenditure pressures and improving
effectiveness of health expenditures, respectively. Chapter
fourth reviews the international experience in strengthening
capital budgeting and provides options for consideration for
Georgia. Finally, the fifth chapter discusses options
associated with rebalancing road sector expenditures.
Citation
“World Bank. 2012. Georgia - Public Expenditure Review : Managing Expenditure Pressures for Sustainability and Growth. © Washington, DC. http://openknowledge.worldbank.org/entities/publication/d29c02fa-b747-5ac6-8fb8-ba3c370e7dae License: CC BY 3.0 IGO.”