World Bank2013-02-132013-02-132009-05https://hdl.handle.net/10986/12336As a follow-up to the first Public Expenditure Review (PER), this note reviews fiscal management by the Government of National Unity (GoNU) through 2008 budget performance, including pro-poor spending, and how do its main features compare to the fiscal management under the first phase of the post-CPA interim period (2005-07)? The note also runs through the highlights of the key features of the GoNU 2009 budget and what has been the impact of the global crisis on the budget performance through the first quarter. The main objective is to highlight fiscal lessons for the remaining period of the post-CPA interim period. The note is structured around the following six sections: review of the economic assumptions underlying the 2008 budgets, aggregate fiscal performance, revenue performance, expenditure performance, pro-poor spending, and the 2009 budget analysis followed by actual outturns through the first quarter.en-USCC BY 3.0 IGOACCOUNTABILITYACCOUNTINGADMINISTRATIVE FEESAGGREGATE EXPENDITURESAGGREGATE FISCALAGGREGATE REVENUEAMOUNT OF CREDITBASIC SERVICESBENEFICIARYBONDBOND SALESBUDGET ALLOCATIONSBUDGET CLASSIFICATIONBUDGET CLASSIFICATION SYSTEMBUDGET CREDIBILITYBUDGET DATABUDGET EXECUTIONBUDGET PERFORMANCEBUDGET PLANNINGBUDGET PROCESSBUDGET PROJECTIONSBUDGET SYSTEMBUDGET TARGETSBUDGETINGCAPITAL EXPENDITURECAPITAL FLOWSCAPITAL SPENDINGCAPITAL TRANSFERSCASH BASISCASH MANAGEMENTCENTRAL BANKCENTRAL SPENDINGCENTRAL TRANSFERSCITIESCOMMERCIAL BANKSCOMMODITY PRICESCONSUMER GOODSCREDIBILITYCURRENT EXPENDITURESDEBT REPAYMENTDEFICIT FINANCINGDEVELOPMENT EXPENDITURESDISBURSEMENTSDOMESTIC ARREARSDOMESTIC BORROWINGECONOMIC CLASSIFICATIONECONOMIC DEVELOPMENTECONOMIC GROWTHEXCHANGE RATEEXPENDITURE ALLOCATIONEXPENDITURE ALLOCATIONSEXPENDITURE COMMITMENTSEXPENDITURE ESTIMATESEXPENDITURE MANAGEMENTEXPENDITURE PRIORITIESEXPENDITURE PROJECTIONSEXPENDITURE RESPONSIBILITIESEXTERNAL BORROWINGEXTERNAL DEBTEXTERNAL FINANCINGFEDERAL BUDGETFEDERAL EXPENDITUREFEDERAL GOVERNMENT EXPENDITUREFEDERAL GOVERNMENT EXPENDITURESFEDERAL LEVELSFEDERAL SPENDINGFEDERAL TRANSFERSFEDERAL TRANSFERS TO STATESFINANCESFINANCIAL ASSISTANCEFINANCIAL CRISISFINANCIAL IMPACTFINANCIAL SECTORFISCAL ADJUSTMENTSFISCAL AFFAIRSFISCAL BALANCEFISCAL DECENTRALIZATIONFISCAL DEFICITFISCAL DEFICITSFISCAL IMPACTFISCAL MANAGEMENTFISCAL OPERATIONSFISCAL PERFORMANCEFISCAL POLICYFISCAL SPACEFOREIGN DIRECT INVESTMENTFOREIGN EXCHANGEFOREIGN FINANCINGFOREIGN LOANSGLOBAL MARKETGLOBAL MARKETSGOVERNMENT EXPENDITURESGOVERNMENT INVESTMENTGOVERNMENT SPENDINGGROWTH RATEHEALTH CAREHEALTH SECTORHUMAN DEVELOPMENTIMPORT DUTIESINCOME LEVELINCOME LEVELSINFLATIONINFLATION RATEINSTRUMENTINSURANCEINTERNATIONAL STANDARDSINVESTMENT FLOWISLAMIC BANKLETTERS OF CREDITLEVEL OF GOVERNMENTLOCAL CURRENCYLOCAL FINANCINGMACROECONOMIC INDICATORSMACROECONOMIC STABILITYMINISTRY OF FINANCEMONEY SUPPLYNATIONAL BUDGETNATIONAL DEVELOPMENTNATIONAL ECONOMYNATIONAL GOVERNMENTNET PROFITSOIL PRICEOIL PRICESOIL RESOURCESOIL WINDFALLSPENSIONSPOLICY IMPLEMENTATIONPORTFOLIOPOVERTY REDUCINGPOVERTY REDUCTIONPOVERTY REDUCTION STRATEGIESPOVERTY REDUCTION STRATEGYPOVERTY-REDUCING ACTIVITIESPOVERTY-REDUCING EXPENDITUREPOVERTY-REDUCING EXPENDITURESPRIORITIES OF GOVERNMENTPRIVATE CAPITALPRIVATE SECTORPRO-POOR EXPENDITUREPROGRAMSPUBLICPUBLIC EMPLOYEESPUBLIC EXPENDITUREPUBLIC EXPENDITURE MANAGEMENTPUBLIC EXPENDITURE MANAGEMENT SYSTEMSPUBLIC EXPENDITURE REVIEWPUBLIC EXPENDITURESPUBLIC FINANCEPUBLIC FINANCIAL MANAGEMENTPUBLIC SECTORPUBLIC SECTOR ACTIVITIESPUBLIC SECTOR SPENDINGPUBLIC SERVICESPUBLIC SPENDINGREALLOCATIONSRECURRENT EXPENDITURESREDISTRIBUTIONREGIONAL GOVERNMENTREMITTANCESREPAYMENTSRESERVERESERVESRESOURCE ALLOCATIONRESOURCE FLOWSREVENUE BUDGETREVENUE COLLECTIONREVENUE COLLECTIONSREVENUE MANAGEMENTREVENUE MOBILIZATIONREVENUE PERFORMANCEREVENUE POLICYREVENUE PROJECTIONSREVENUE SHARINGREVENUE SHORTFALLSREVENUE SOURCEREVENUE SOURCESREVENUE VOLATILITYSANITATIONSAVINGS ACCOUNTSERVICE DELIVERYSOCIAL BENEFITSSOCIAL INDICATORSSOCIAL INSURANCESOCIAL SERVICESSPENDING LEVELSSTATE EXPENDITURESTATE GOVERNMENTSSTOCKSSUB-NATIONALSUB-NATIONAL GOVERNMENTSSUBNATIONALSUKUKTAXTAX BASETAX COLLECTIONTAX COLLECTIONSTAX EXEMPTIONTAX EXEMPTIONSTAX RATETAX REVENUETAX REVENUE PERFORMANCETAX REVENUESTOTAL EXPENDITURETOTAL EXPENDITURESTOTAL SPENDINGTRADE BALANCEWITHDRAWALWorld Bank10.1596/12336