World Bank2013-04-232013-04-232009-09-30https://hdl.handle.net/10986/13257Libya's 2008-12 development programs is the biggest and most ambitious Public Investment Program (PIP) ever. Public expenditure has also been pro-poor. Past outcomes show that Libyan authorities have worked on their macroeconomic and social fundamentals, so as to have a solid base to sustain its steady progress toward building a market-based economy and reintegrating into the world economy. Making optimal use of a sizable public expenditure, and especially public investment, is an essential component of achieving this strategy. The reports built upon the framework of fiscal management in oil-dependent economies, which features three parts. The first deals with collecting and saving oil revenues, leading to one stream of a large literature exploring both fiscal sustainability and the pros and cons of alternative models of an oil stabilization fund. The second deals with development spending, leading to a second stream of a large literature assessing standards in public investment and the many effects of sizable public investment programs. The third deals with financing current spending, such as wages, subsidies, or social programs, addressing the ongoing civil service reform and the Wealth Distribution Program (WDP).en-USCC BY 3.0 IGOABSENTEEISMACCOUNTABILITYACCOUNTABILITY FRAMEWORKACCOUNTINGAGGREGATE CEILINGSAGGREGATE EXPENDITUREAGGREGATE EXPENDITURE CEILINGAGGREGATE FISCALAGGREGATE FISCAL DISCIPLINEANNUAL BUDGETANNUAL BUDGET CYCLEANNUAL BUDGETINGBASIC EDUCATIONBENEFICIARIESBUDGET ALLOCATIONSBUDGET CLASSIFICATIONBUDGET CONSTRAINTBUDGET DECISIONSBUDGET EXPENDITUREBUDGET MANAGEMENTBUDGET PREPARATIONBUDGET REFORMBUDGET REQUESTSBUDGET SYSTEMBUDGET UNIFICATIONBUDGETARY CLASSIFICATIONBUDGETARY RESOURCESBUDGETARY SYSTEMBUDGETING PROCESSCAPACITY BUILDINGCAPACITY-BUILDINGCAPITAL BUDGETCAPITAL EXPENDITURECAPITAL EXPENDITURESCAPITAL EXPENSESCAPITAL SPENDINGCASH TRANSFERSCENTRAL AUTHORITIESCENTRAL AUTHORITYCENTRAL BANKCENTRAL GOVERNMENTCIVIL SERVANTSCIVIL SERVICECIVIL SERVICE REFORMCONSUMER PRICE INDEXCOST-BENEFIT ANALYSISCOST-EFFECTIVENESSDECENTRALIZATIONDECISION-MAKINGDISCRETIONARY ALLOWANCESDOMESTIC INVESTMENTDUAL BUDGETINGECONOMIC CONDITIONSECONOMIC DEVELOPMENTECONOMIC GROWTHECONOMIC PERFORMANCEEDUCATION SYSTEMEDUCATIONAL ACHIEVEMENTEFFICIENCY OF PUBLIC SPENDINGELECTRICITYEXCHANGE RATEEXPENDITURE ALLOCATIONSEXPENDITURE ENVELOPEEXPENDITURE ENVELOPESEXPENDITURE GROWTHEXPENDITURE LEVELEXPENDITURE LEVELSEXPENDITURE PLANNINGEXPENDITURE PLANSEXPENDITURE RESPONSIBILITYFINANCE MINISTRYFINANCIAL ACCOUNTINGFINANCIAL ASSETSFINANCIAL STATISTICSFISCAL ACCOUNTSFISCAL BALANCEFISCAL CONSTRAINTSFISCAL DISCIPLINEFISCAL IMPACTFISCAL MANAGEMENTFISCAL POLICYFISCAL POSITIONFISCAL RESPONSIBILITYFISCAL STANCEFISCAL SURPLUSFISCAL SUSTAINABILITYFISCAL TARGETSGOVERNMENT EXPENDITUREGOVERNMENT PRIORITIESGOVERNMENT REVENUEGOVERNMENT SPENDINGGROSS DOMESTIC PRODUCTHEALTH CAREHEALTH SECTORHEALTH SERVICESHOUSINGHUMAN DEVELOPMENTINCOME DISTRIBUTIONINFLATIONINFORMATION TECHNOLOGYINFRASTRUCTURE PROJECTSINVESTMENT ACCORDINGLICENSESLOCAL CURRENCYLOCAL GOVERNMENTSMACROECONOMIC FRAMEWORKMACROECONOMIC MANAGEMENTMACROECONOMIC MODELMACROECONOMIC PERFORMANCEMACROECONOMIC STABILITYMANAGERIAL EFFICIENCYMARGINAL COSTMARGINAL COSTSMARKET FAILURESMARKET PRICESMEASURED PERFORMANCEMEDIUM-TERM EXPENDITUREMEDIUM-TERM EXPENDITURE FRAMEWORKMINISTERIAL AGENCIESMINISTRIES OF FINANCEMINISTRY OF FINANCEMONETARY FUNDMUNICIPALITIESNATIONAL DEVELOPMENTNATIONAL INCOMENATIONAL PLANNINGNEGATIVE EXTERNALITIESNET PRESENT VALUEOIL PRICESOIL RESERVEOPERATIONAL EXPENDITURESPERFORMANCE INDICATORSPOLICY DECISIONSPOVERTY LEVELPRICE INDEXPRICE STABILITYPRIMARY DEFICITSPRIVATE SECTORPRIVATE SECTOR PARTICIPATIONPROGRAMSPROVISIONSPUBLICPUBLIC ACCOUNTABILITYPUBLIC ASSETSPUBLIC EMPLOYEESPUBLIC EMPLOYMENTPUBLIC EXPENDITUREPUBLIC EXPENDITURE GROWTHPUBLIC EXPENDITURE MANAGEMENTPUBLIC EXPENDITURE PATTERNSPUBLIC EXPENDITURE REVIEWPUBLIC FINANCESPUBLIC INFRASTRUCTUREPUBLIC INSTITUTIONSPUBLIC INTERESTPUBLIC INVESTMENTPUBLIC INVESTMENT PROGRAMPUBLIC INVESTMENT PROGRAMSPUBLIC SECTORPUBLIC SECTOR REFORMPUBLIC SERVANTSPUBLIC SERVICEPUBLIC SERVICE DELIVERYPUBLIC SERVICESPUBLIC SPENDINGQUALITY OF EDUCATIONQUALITY OF LIFEQUALITY OF PUBLIC SPENDINGQUALITY OF SERVICESREAL GROWTHREFORM PROGRAMREGULATORY FRAMEWORKRESERVE FUNDROAD MAINTENANCEROADSSANITATIONSAVINGSSECTORAL ALLOCATIONSECTORAL CEILINGSSECTORAL POLICIESSECTORAL POLICYSERVICE DELIVERYSERVICE PROVIDERSSERVICE PROVISIONSOCIAL INFRASTRUCTURESOCIAL POLICIESSOCIAL PROGRAMSSOCIAL RETURNSSOCIAL SERVICESSPENDING DEMANDSSUPERVISORY AUTHORITYSUSTAINABILITY ANALYSISTRANSPARENCYUNCERTAINTYUNIVERSAL ACCESSUSER CHARGESUTILITIESWorld Bank10.1596/13257