World Bank2013-08-062013-08-062003-02https://hdl.handle.net/10986/14822This Public Expenditure and Institutional Review (PEIR) aims to help the government of the Federal Republic of Yugoslavia (FRY) in taking their public expenditure reforms further. It analyzes public expenditure practices, and institutions of the two Republics - Serbia and Montenegro - and of the Federal Government, and, evaluates their decision-making, and implementation processes. The cross-cutting topics of the PEIR are: sustainability of public expenditures; strategic allocation of public spending, to maximize growth and welfare within fiscally sustainable limits; and, accountability of the public expenditure system, needed to maintain domestic, and international support for the reconstruction programs of the two Republics. The success of reforms depends on difficult strategic choices: 1) the inherited, distorted fiscal systems, and inefficient budget management practices, call for a realistic focus in selecting the goals of reform; 2) the best solution choice must be derived from the existing structures, and practices; and, 3) the Governments of Serbia and Montenegro should focus on deepening the reforms already initiated, rather than launching a number of new ones. The first volume provides an overview of the public expenditure reform agenda; volume two focuses on the Republic of Serbia and the Federal Government, while volume three discusses public expenditure management issues in Montenegro. The public expenditure problems of the Federal level receive a somewhat limited treatment, as the contours of the future union government takes shape. Similarly, challenges of fiscal decentralization below the Republic level, receive only a brief treatment, actually only in the Serbia volume.en-USCC BY 3.0 IGOACCOUNTABILITYADMINISTRATIVE COSTSADMINISTRATIVE REFORMANTI-CORRUPTIONAUDITSBANK RESTRUCTURINGBASIC EDUCATIONBUDGET EXECUTIONBUDGET FORMULATIONBUDGET MANAGEMENTBUDGET PROCESSBUDGET SYSTEMBUDGET SYSTEMSBUDGETARY INSTITUTIONSCAPITAL EXPENDITURESCENTRAL GOVERNMENTCENTRAL GOVERNMENT SPENDINGCITIZENSCONSOLIDATIONCONSTITUTIONCONSTITUTIONAL REFORMCOUNCIL OF MINISTERSCURRENCY UNITSDEBT MANAGEMENTDEBT SERVICINGDECISION-MAKINGDEMOCRACYDOMESTIC BORROWINGEBFECONOMIC GROWTHECONOMIC REFORMELECTRICITYENTERPRISE REFORMENTERPRISE RESTRUCTURINGEXECUTIONEXPENDITURE REFORMEXTRABUDGETARY FUNDSFEDERAL BUDGETSFEDERAL GOVERNMENTFEDERAL GOVERNMENTSFINANCIAL ASSISTANCEFINANCIAL CONTROLFINANCIAL INFORMATIONFINANCIAL INSTITUTIONSFINANCIAL INTERESTSFINANCIAL PERFORMANCEFISCALFISCAL BALANCEFISCAL DECENTRALIZATIONFISCAL DEFICITFISCAL DEFICITSFISCAL POLICIESFISCAL PRESSURESFISCAL REFORMFISCAL REFORMSFISCAL STANCEFISCAL SUSTAINABILITYFISCAL TRANSPARENCYFISCAL YEARFOREIGN BORROWINGFOREIGN EXCHANGEFOREIGN TRADEGOVERNMENT AGENCIESGOVERNMENT DEBTGOVERNMENT LEVELSGOVERNMENT SPENDINGGROSS DOMESTIC PRODUCTHUMAN RESOURCESINFLATIONINSOLVENTINSOLVENT BANKSINSTITUTIONAL FRAMEWORKINSURANCEINTEREST RATESJUDICIARYLABOR MARKETLACK OF ACCOUNTABILITYLAWSLEGISLATIONLEVELS OF GOVERNMENTLIQUIDATIONLOCAL GOVERNMENTLOCAL GOVERNMENT SPENDINGLOCAL GOVERNMENTSMINISTRIES OF FINANCEMINISTRY OF FINANCEMONETARY POLICIESNATIONAL GOVERNMENTSOPERATING EXPENSESPENSIONSPRESIDENCYPRIVATE SECTORPRIVATIZATIONPRIVATIZATION PROCEEDSPRODUCTIVITYPUBLIC AGENCIESPUBLIC BORROWINGPUBLIC DEBTPUBLIC EMPLOYMENTPUBLIC ENTERPRISESPUBLIC EXPENDITUREPUBLIC EXPENDITURE MANAGEMENTPUBLIC EXPENDITURE REFORMPUBLIC EXPENDITURESPUBLIC FINANCEPUBLIC FINANCE SYSTEMPUBLIC FINANCESPUBLIC FUNDSPUBLIC OWNERSHIPPUBLIC RESOURCESPUBLIC SECTORPUBLIC SECTOR EMPLOYMENTPUBLIC SECTOR WAGESPUBLIC SERVICEPUBLIC SERVICE DELIVERYPUBLIC SERVICESPUBLIC SPENDINGREGULATORY BODYREGULATORY OVERSIGHTREPRESENTATIVESREPUBLICSRESERVE ACCOUNTSRESOURCE ALLOCATIONRETIREMENTREVENUE ADMINISTRATIONRISK MANAGEMENTSAVINGSSIZE OF GOVERNMENTSOCIAL PROGRAMSSOCIAL PROTECTIONSOCIAL PROTECTION SYSTEMSOCIAL SAFETYSOCIAL SAFETY NETSOCIAL SUPPORTSOCIAL TRANSFERSSTRUCTURE OF GOVERNMENTSURCHARGESTAXTAX RATESTAX REFORMTAX REVENUESTAX SYSTEMTRANSPARENCYTREASURY PUBLIC EXPENDITURES; INSTITUTIONAL ANALYSIS; INSTITUTIONAL CAPACITY; FEDERAL GOVERNMENTS; REFORM POLICY; REFORM IMPLEMENTATION; PUBLIC SPENDING; ALLOCATION OF GOVERNMENT RESOURCES; GROWTH PROMOTION; WELFARE ECONOMICS; FISCAL CONSOLIDATION; POST-CONFLICT RECONSTRUCTION; FISCAL CONSTRAINTS; BUDGET MANAGEMENT; GOVERNMENT ACCOUNTING STANDARDS; GOVERNMENTAL REFORMWorld Bank10.1596/14822