World Bank2014-08-192014-08-192006-06-29https://hdl.handle.net/10986/19453This sector report for Sri Lanka - Selected public expenditure issues, 2003/2004 concentrates on the major expenditure issues facing the Government of Sri Lanka. The topic of government revenues is also, albeit briefly, touched on. The policy notes commence with a look at three overarching issues of concern for fiscal policy. The first focus is on the sustainability of the rapidly rising public debt and persistent fiscal deficits. Next, a potential contingent liability, the public service pension scheme, is examined. The note looks at the budgetary impact of the pension scheme and its medium- to long-term financial viability. The final cross-cutting expenditure issue investigated-public sector pay and employment-is a critical subject for Sri Lanka, a country with one of the highest per capita staffing rates in the developing world. The analysis reviews the ability of the administration to deliver services effectively to its citizens, particularly in a setting marked by the proliferation of various institutions with unclear mandates and overlapping functions.en-USCC BY 3.0 IGOACCOUNTABILITYADMINISTRATIVE STRUCTUREANNUAL PERFORMANCEANNUAL REPORTBASELINE PROJECTIONSBASELINE SCENARIOBUDGET ALLOCATIONBUDGET CIRCULARBUDGET FORMULATIONBUDGET FORMULATION PROCESSBUDGET FRAMEWORKBUDGET POSITIONBUDGETARY IMPACTBUDGETARY POSITIONCAPITAL EXPENDITURECENTRAL BANKCENTRAL GOVERNMENTCIVIL SERVANTSCIVIL SERVICECONTINGENT LIABILITIESCONTINGENT LIABILITYDEBTDEBT BURDENDEBT RATIODEBT RATIOSDEBT SERVICINGDEBT SERVICING COSTSDEBT SUSTAINABILITYDEFICIT FINANCINGDOMESTIC BORROWINGDOMESTIC DEBTDOMESTIC MARKETEDUCATION BUDGETEXPENDITURE ISSUESEXPENDITURE RATIONALIZATIONEXPENDITURESEXTERNAL FINANCINGFINANCIAL BURDENFINANCIAL PERFORMANCEFINANCIAL POSITIONFINANCIAL STATUSFISCAL ADJUSTMENTFISCAL BALANCEFISCAL CONSOLIDATIONFISCAL CONSOLIDATION EFFORTSFISCAL DEFICITFISCAL DEFICIT TARGETFISCAL DEFICITSFISCAL DISCIPLINEFISCAL IMBALANCESFISCAL MANAGEMENTFISCAL OPERATIONSFISCAL POLICYFISCAL POSITIONFISCAL SAVINGSFISCAL STRATEGYFISCAL SUSTAINABILITYFISCAL TARGETSGDP DEFLATORGOVERNMENT BONDSGOVERNMENT BUDGETGOVERNMENT DEBTGOVERNMENT EXPENDITUREGOVERNMENT EXPENDITURESGOVERNMENT FINANCEGOVERNMENT FINANCE STATISTICSGOVERNMENT GUARANTEESGOVERNMENT REVENUESGOVERNMENT SPENDINGHARD BUDGET CONSTRAINTHEALTH EXPENDITUREHEALTH OUTCOMESINCOME TAXINCOME TAXESINDEXATIONINFLATIONINFLATION RATEINTEREST PAYMENTSINTEREST RATEINTEREST RATESINVESTMENT RETURNLEVIESMACROECONOMIC ASSUMPTIONSNATIONAL BUDGETNATIONAL INCOMENET LENDINGNOMINAL INTEREST RATEOLD-AGEPENSION FUNDPENSION FUNDSPENSION SCHEMEPERSONAL INCOMEPERSONAL INCOME TAXPOVERTY REDUCTIONPOVERTY REDUCTION STRATEGYPRIMARY BALANCEPRIMARY DEFICITPRIMARY SURPLUSPRIVATE SECTORPUBLICPUBLIC ADMINISTRATIONPUBLIC BUDGETPUBLIC DEBTPUBLIC EMPLOYEESPUBLIC EMPLOYMENTPUBLIC ENTERPRISESPUBLIC EXPENDITUREPUBLIC EXPENDITURE REVIEWPUBLIC INSTITUTIONSPUBLIC PENSIONPUBLIC SECTORPUBLIC SECTOR DEFICITSPUBLIC SECTOR EMPLOYEESPUBLIC SECTOR EMPLOYMENTPUBLIC SECTOR SPENDINGPUBLIC SECTOR WAGESPUBLIC SECTORSPUBLIC SERVICEPUBLIC SERVICE DELIVERYPUBLIC SPENDINGREAL EXCHANGE RATEREAL GDPREFORM PRIORITIESREFORM PROCESSREGULATORY SYSTEMRESOURCE ALLOCATIONRESOURCE MANAGEMENTSECTOR EXPENDITURESERVICE DELIVERYSOCIAL INDICATORSSOCIAL PROTECTIONSOCIAL SECURITYSOCIAL SECURITY FUNDSSOCIAL WELFARESOCIAL WELFARE SPENDINGSOUTH ASIANSTATE OWNED ENTERPRISESSTATED OBJECTIVESSURPLUS LABORSUSTAINABILITY ANALYSISTAX ADMINISTRATIONTAX BASETAX REVENUETAX REVENUESTAXATIONTOTAL EXPENDITURETOTAL EXPENDITURESTOTAL REVENUETRANSPARENCYTREASURYTREASURY BILLSUNCERTAINTYUNEMPLOYMENTUNEMPLOYMENT RATESVALUE ADDEDhttps://doi.org/10.1596/19453