Publication: Kosovo, FR Yugoslavia : Medium-Term Public Expenditure Priorities
Date
2002-10-16
ISSN
Published
2002-10-16
Author(s)
World Bank
Abstract
Given the tight overall resource
constraints in Kosovo, and in the face of declining donor
support and limited access to external finance, difficult
choices and trade-offs on spending decisions will need to be
made. The main challenge will be to develop expenditure
policies which will preserve macro-stability and ensure that
public services are sustainable, comprehensive, and
efficiently provided. Public spending policies need to lay
the basis for broad-based equitable economic growth, and
target the most needy, in an effective and efficient
fashion. Through introducing the Medium Term Expenditure
Framework (MTEF) approach in 2002, the United Nations
Interim Administration in Kosovo (UNMIK) and the Provisional
Institutions of Self Government (PISG) have started to make
progress in adding a medium-term context to budget policy.
This report identifies the several important expediture
measures that require action. First, spending has to be
reallocated across sectors, so reduce subsidies, reassess
public sector employment, and provide finance for investment
needs. Second, improve the efficiency of existing spending
in the health, education, and social protection sectors.
Third, increase the budget spending on health to provide a
greater range of services and target educational finance to
reduce inequality. Fourth, strengthen the effectiveness of
the budget as a policy tool. Fifth, further improve
transparency and accountability.
Citation
“World Bank. 2002. Kosovo, FR Yugoslavia : Medium-Term Public Expenditure Priorities. © Washington, DC. http://openknowledge.worldbank.org/handle/10986/15338 License: CC BY 3.0 IGO.”