dc.contributor.author	World Bank
dc.date.accessioned	2023-11-02T19:38:55Z
dc.date.available	2023-11-02T19:38:55Z
dc.date.issued	2023-11-02
dc.description.abstract	Armenia’s fiscal performance has improved during the past two decades, supported by reforms. Revenue collection has converged with income and regional peers, overall spending levels have remained prudent, and debt levels remain sustainable. Fiscal policy has been counter-cyclical and progressive but has had a limited impact on economic growth. Spending efficiency is a key area of concern. Expenditure efficiency in areas such as infrastructure, road transport, health, and education are significantly behind the global efficiency frontier. The fiscal implications associated with the policy proposals in the 2021-2026 government program are significant. How can fiscal policy support the implementation of the government’s key policy proposals while ensuring the sustainability of public finances This is the main question for this Public Expenditure Review (PER). To answer it, this PER will (i) analyze past fiscal performance; (ii) assess the medium-term fiscal impacts of selected policy proposals that are currently being considered such as increase in pensions, changes to social assistance, increased health expenditures, and increased capital expenditure; and (iii) propose options to improve spending efficiency in select areas to provide options for the government to use the available fiscal space to effectively implement these policy proposals.	en
dc.identifier	http://documents.worldbank.org/curated/en/099110223123523395/P17788702be86b0dd0acf306d4a259e426a
dc.identifier.doi	10.1596/40563
dc.identifier.uri	https://openknowledge.worldbank.org/handle/10986/40563
dc.language	English
dc.language.iso	en_US
dc.publisher	Washington, DC: World Bank
dc.rights	CC BY-NC 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	https://creativecommons.org/licenses/by-nc/3.0/igo
dc.subject	MACRO-FISCAL POLICY
dc.subject	CAPITAL SPENDING
dc.subject	SOCIAL PROTECTION
dc.subject	PUBLIC HEALTH SPENDING
dc.subject	UNIVERSAL HEALTH INSURANCE
dc.title	Armenia Public Expenditure Review	en
dc.title.subtitle	Improving Spending Efficiency	en
dc.type	Report
dspace.entity.type	Publication
okr.crossref.title	Armenia Public Expenditure Review: Improving Spending Efficiency
okr.date.disclosure	2023-11-02
okr.date.lastmodified	2023-11-02T00:00:00Z	en
okr.doctype	Public Expenditure Review
okr.doctype	Economic & Sector Work
okr.docurl	http://documents.worldbank.org/curated/en/099110223123523395/P17788702be86b0dd0acf306d4a259e426a
okr.guid	099110223123523395
okr.identifier.docmid	P177887-2be86bae-4cf8-4fdd-acf3-6d4a259e426a
okr.identifier.doi	http://dx.doi.org/10.1596/40563
okr.identifier.externaldocumentum	34190619
okr.identifier.internaldocumentum	34190619
okr.identifier.report	185633
okr.import.id	2214
okr.imported	true	en
okr.language.supported	en
okr.pdfurl	http://documents.worldbank.org/curated/en/099110223123523395/pdf/P17788702be86b0dd0acf306d4a259e426a.pdf	en
okr.region.administrative	Europe and Central Asia
okr.region.country	Armenia
okr.sector	Central Government (Central Agencies)
okr.theme	Public Expenditure Policy,Economic Policy,Fiscal Policy
okr.topic	Finance and Financial Sector Development::Public & Municipal Finance
okr.topic	Macroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.unit	EFI-ECA-MTI-MacroFiscal-1 (EECM1)

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Armenia Public Expenditure Review: Improving Spending Efficiency