World Bank2012-03-192012-03-192009-02-01https://hdl.handle.net/10986/3024A Public Expenditure Review (PER) update was conducted in 2006 which highlighted: (i) the large and increasing weight of non-discretionary expenditures in the total budget; (ii) the importance of improving coordination among the various planning instruments; (iii) the need to strengthen public finance management; (iv) the fiscal risks that emerge from the energy sector; and (v) the need to further progress with the pension reform. During 2006-07 the Government implemented several of the 2006 PER update recommendations. Building on the findings of the 2006 PER update, in mid 2007 the Government and the World Bank decided to prepare jointly an updated PER that would inform the preparation of the second Growth and Poverty Reduction Strategy Paper (GPRSP-2) and the Country Assistance Strategy (CAS). The objectives of the PER were to: (i) examine recent macro and fiscal developments (chapter one and two); (ii) provide an update of the strengths and shortcomings of the public finance management system, the recent reforms implemented in this area and the new emerging challenges (chapter three); (iii) conduct an analysis of the fiscal decentralization issues, with particular emphasis on the municipalities' resources, expenditures, budget processes, capacity and systems, and accountability to the citizens (chapter four); and (iv) examine public expenditure issues in infrastructure, focusing on issues of adequacy, allocation and efficiency of spending in electricity, water, roads, air transportation, and ports (chapter five).CC BY 3.0 IGOACCOUNTABILITYACCUMULATION OF ARREARSADMINISTRATIVE CLASSIFICATIONADMINISTRATIVE EXPENDITUREADMINISTRATIVE FUNCTIONSADMINISTRATIVE STRUCTUREANNUAL BUDGETANNUAL BUDGETSANNUAL REPORTBALANCE OF PAYMENTSBASELINE SCENARIOBUDGET ALLOCATIONBUDGET ALLOCATIONSBUDGET CONSTRAINTSBUDGET DOESBUDGET EXECUTIONBUDGET FRAMEWORKBUDGET IMPLEMENTATIONBUDGET LAWBUDGET MANAGEMENTBUDGET PLANNINGBUDGET PREPARATIONBUDGET PROCESSBUDGET SUPPORTBUDGET TRANSFERSBUDGETARY ALLOCATIONSBUDGETARY PRINCIPLESBUDGETARY PROCESSCAPACITY BUILDINGCAPITAL EXPENDITURECAPITAL EXPENDITURESCAPITAL INFLOWSCAPITAL STOCKCASH BASISCENTRAL BANKCENTRAL BUDGETCENTRAL GOVERNMENTCENTRAL GOVERNMENT BUDGETCENTRAL GOVERNMENT EXPENDITURECHART OF ACCOUNTSCIVIL SERVANTSCIVIL SERVICECLASSIFICATION OF EXPENDITURECONTINGENT LIABILITYCREDIT POLICYDEBTDEBT INTERESTDEBT MANAGEMENTDEBT POLICYDEBT SERVICEDEBT SUSTAINABILITYDECISION-MAKINGDECISION-MAKING PROCESSDOMESTIC CREDITDOMESTIC DEBTDOMESTIC FUNDINGECONOMIC CLASSIFICATIONECONOMIC GROWTHEFFICIENCY OF PUBLIC SPENDINGEXCHANGE RATEEXCHANGE RESERVESEXOGENOUS SHOCKSEXPENDITURE CONTROLEXPENDITURE LEVELEXPENDITURESEXTERNAL DEBTEXTERNAL GRANTSEXTERNAL SHOCKSFINANCIAL ACCOUNTFINANCIAL ACTIVITIESFINANCIAL CRISISFINANCIAL MANAGEMENTFINANCIAL PROGRAMMINGFINANCIAL REALITIESFINANCIAL RESOURCESFINANCIAL SERVICESFINANCIAL STABILITYFINANCIAL SUPPORTFISCAL ADMINISTRATIONFISCAL BALANCEFISCAL CONSOLIDATIONFISCAL DECENTRALIZATIONFISCAL DEFICITFISCAL INCENTIVESFISCAL OPERATIONSFISCAL PERFORMANCEFISCAL POLICIESFISCAL POLICYFISCAL POSITIONFISCAL PRUDENCEFISCAL REFORMFISCAL REVENUEFISCAL STANCEFISCAL STRATEGYFOREIGN EXCHANGEFOREIGN INVESTMENTGOVERNMENT PRIORITIESGOVERNMENT REVENUEGROSS DOMESTIC PRODUCTGROWTH RATEHEALTH CAREHEALTH MINISTRYHEALTH PROGRAMIMPROVING RESOURCE ALLOCATIONINCOME TAXINFLATIONINFLATIONARY PRESSURESINFRASTRUCTURE DEVELOPMENTINFRASTRUCTURE PROJECTSINFRASTRUCTURE SECTORINTEREST PAYMENTSINTEREST RATEINTEREST RATESINTERNAL CONTROLINVESTMENT BUDGETINVESTMENT EXPENDITURELIQUIDITYMACROECONOMIC MANAGEMENTMACROECONOMIC STABILITYMARGIN OF SAFETYMEDIUM-TERM EXPENDITUREMEDIUM-TERM EXPENDITURE FRAMEWORKMINISTRY OF CULTUREMINISTRY OF DEFENSEMINISTRY OF ECONOMYMINISTRY OF FINANCEMONETARY AUTHORITIESMONETARY POLICYMONTHLY TRANSFERSMULTIYEAR FRAMEWORKMULTIYEAR PERIODMUNICIPALITIESNATIONAL DEVELOPMENTNATIONAL DEVELOPMENT PLANNATIONAL PRIORITIESNATIONAL STATISTICSNATURAL RESOURCESNET DEBTNET LENDINGOIL PRICESOIL PRODUCTSORGANIZATIONAL STRUCTUREPAYMENT SYSTEMPERFORMANCE INDICATORSPOVERTY REDUCTIONPOVERTY REDUCTION STRATEGYPOVERTY REDUCTION SUPPORTPRICE INDEXPRIVATE INVESTMENTPROCUREMENT OF GOODSPROGRAM BUDGETINGPROGRAMSPUBLIC ADMINISTRATIONPUBLIC DEBTPUBLIC ENTERPRISESPUBLIC EXPENDITUREPUBLIC EXPENDITURE PLANNINGPUBLIC EXPENDITURE REVIEWPUBLIC EXPENDITURESPUBLIC FINANCEPUBLIC FINANCIAL MANAGEMENTPUBLIC INSTITUTIONSPUBLIC INVESTMENTPUBLIC INVESTMENT PROGRAMPUBLIC PROCUREMENTPUBLIC RESOURCESPUBLIC SECTORPUBLIC SECTOR ACCOUNTINGRECURRENT EXPENDITURERECURRENT EXPENDITURESREVENUE GROWTHROAD MAINTENANCESANITATIONSANITATION SERVICESSECTOR BUDGETSECTORAL ALLOCATIONSSOCIAL PROTECTIONSOCIAL SECURITYSOCIAL SECURITY SYSTEMSPENDING LEVELSSTATE BUDGETSUPREME AUDIT INSTITUTIONSSUSTAINABILITY ANALYSISTAX ADMINISTRATIONTAX BASETAX COLLECTIONTAX COLLECTORTAX EXEMPTIONSTAX POLICYTAX REVENUETAX REVENUESTAXPAYERSTOTAL EXPENDITURETOTAL EXPENDITURESTRANSPARENCYTREASURY MANAGEMENTUNCERTAINTYWorld Bank10.1596/3024