World Bank2012-03-192012-03-192009-06-16https://hdl.handle.net/10986/3061With its economy disrupted by the global economic crisis, the Serbian government faces tight budget constraints for several years to come. The Government has already responded by freezing wages and pension benefits and making cuts in capital works and other discretionary spending. These measures, while effective in the short term, are not necessarily sustainable over time. This report looks at more fundamental reforms in key public services, in order to identify opportunities for constraining expenditures through improvements in productivity. In 2010, the principal expenditure savings will instead continue to come from short term controls over expenditure aggregates: the freeze on pensions and wages and cuts in discretionary spending and capital works. The impact of the efficiency measures in this report will take more time to materialize. The Government should, nevertheless, make an immediate start. While the fiscal impact of these reforms will be evident over the medium term, their most important impact will be on the quality of public services. The reforms will stand Serbia in good stead even after economic growth resumes.CC BY 3.0 IGOACCOUNTINGADDITIONAL CONTRIBUTIONSADDITIONAL SAVINGSADVERSE SELECTIONAGE OF RETIREMENTAGEDAGINGANNUAL SAVINGSARREARSAVERAGE PENSIONAVERAGE WAGEAVERAGE WAGE GROWTHAVERAGE WAGESBANKING SECTORBASIC BENEFITBASIC BENEFITSBENEFICIARIESBENEFIT LEVELSBENEFIT RATEBENEFIT RATESBEST PRACTICEBIRTH RATEBUDGET CONSTRAINTSCALCULATIONCAPACITY BUILDINGCAPITAL EXPENDITURESCASH FLOWCLINICSCOMMUNITY HEALTHCOMPLIANCE COSTSCONTRIBUTIONCONTRIBUTION RATECONTRIBUTION RATESCONTRIBUTIONSCOST EFFECTIVENESSCREDIT GROWTHCREDITSCURRENT PENSIONCURRENT PRICESDEBTDEBT SERVICEDEBTSDEFICITSDEFINED BENEFITDEFINED BENEFIT PENSIONDIABETESDISABILITIESDISABILITYDISABILITY PENSIONSDISMISSALDOMESTIC DEBTEARLIER RETIREMENTEARLY RETIREESEARLY RETIREMENTEARNINGSECONOMIC MANAGEMENTELDERLYEMERGENCY MEDICAL CAREEMPLOYEEEMPLOYEE PENSIONEMPLOYER CONTRIBUTIONSEPILEPSYEQUIPMENTEQUITY INVESTMENTEUEXERCISESFAMILIESFAMILY MEMBERSFEMALEFEMALESFINANCIAL IMPACTFINANCIAL PERFORMANCEFINANCIAL POLICIESFINANCIAL SERVICESFINANCIAL SITUATIONFISCAL CONSTRAINTSFISCAL DEFICITFISCAL POLICIESFOREIGN FINANCINGFOREIGN INVESTORSFRACTURESFRAUDFUNDED PENSIONGENDERGLOBAL ECONOMYGOVERNMENT BUDGETGOVERNMENT EXPENDITUREGOVERNMENT EXPENDITURESGOVERNMENT REVENUEGOVERNMENT REVENUESGOVERNMENT SPENDINGGROSS WAGESHEALTH CAREHEALTH CARE SYSTEMHEALTH EDUCATIONHEALTH INSURANCEHEALTH INSURANCE FUNDHEALTH INSURANCE FUNDSHEALTH OUTCOMESHEALTH SERVICESHEALTH SPENDINGHEALTH SYSTEMHEALTH SYSTEMSHOSPITALIZATIONHOSPITALSHUMAN RESOURCESINCOMEINCOME TAXESINDIVIDUAL SAVINGSINFECTIOUS DISEASESINFLATIONINFLATION INDEXATIONINFRASTRUCTURE INVESTMENTSINJURIESINSTITUTIONAL CAPACITYINTERGOVERNMENTAL TRANSFERSINTERNATIONAL COMPARISONSLABOR FORCELABOR FORCE PARTICIPATIONLABOR MARKETLABOR MARKETSLAWSLEGAL ENTITIESLEGISLATIONLEGISLATIVE FRAMEWORKLEVEL OF EDUCATIONLIFE EXPECTANCYLIFETIMELOANLOCAL GOVERNMENTLOCAL GOVERNMENTSMEDICAL BENEFITSMEDICAL CAREMEDICINESMONETARY FUNDMONTHLY INCOMENATIONAL INVESTMENTNOMINAL WAGENOMINAL WAGESNORMAL RETIREMENT AGENOTIONAL ACCOUNTNOTIONAL ACCOUNT SYSTEMNURSESPATIENTPATIENTSPAYMENT SYSTEMPAYROLL TAXPAYROLL TAXESPENSIONPENSION ADMINISTRATIONPENSION BENEFITSPENSION CONTRIBUTIONSPENSION COSTSPENSION EXPENDITURESPENSION FRAMEWORKPENSION FUNDPENSION FUNDSPENSION LAWPENSION OBLIGATIONSPENSION PAYMENTPENSION PAYMENTSPENSION POLICYPENSION REFORMPENSION RIGHTSPENSION SECTORPENSION SPENDINGPENSION SYSTEMPENSION SYSTEM PARAMETERSPENSIONABLE AGEPENSIONERSPENSIONSPEPSPERSONAL INCOMEPHARMACISTSPHYSICIANSPREGNANT WOMENPRIMARY EDUCATIONPRIMARY HEALTH CAREPRIVATE INVESTORSPRIVATE PENSIONPRODUCTIVITYPROPERTY TAXPUBLIC EXPENDITUREPUBLIC EXPENDITURESPUBLIC INVESTMENTPUBLIC PENSIONPUBLIC SPENDINGPUBLIC SYSTEMPURCHASING POWERRAPID GROWTHRATE OF GROWTHRECESSIONRECURRENT COSTSREMITTANCESREPAYMENTRESERVERESIGNATIONSRESUMESRETIREDRETIREERETIREMENT AGERETIREMENT AGESRETIREMENT BENEFITSRETIREMENT PERIODRETURNREVENUE COLLECTIONSALARIESSALARYSAVINGSSAVINGS ACCOUNTSSECONDARY EDUCATIONSECONDARY SCHOOLSSEXSIBLINGSSICK LEAVESMALLER ENTERPRISESSOCIAL ASSISTANCESOCIAL CONTRIBUTIONSSOCIAL INSURANCESOCIAL INSURANCE CONTRIBUTIONSSOCIAL INSURANCE FUNDSSOCIAL PROTECTIONSOCIAL WELFARESURGERYSURVIVOR PENSIONSURVIVOR PENSIONSTAX BREAKSUNEMPLOYEDUNEMPLOYMENTWAGE GROWTHWAGESWIDOWERSWIDOWSWILLWOMANWORKERSWORKING AGEWORKING AGE POPULATIONYEARS OF SERVICEWorld Bank10.1596/3061