Public Expenditure Policies In Southeast Europe
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Author | : Ivailo V. Izvorski |
Publisher | : World Bank Publications |
Total Pages | : 128 |
Release | : 2008-02-20 |
Genre | : Political Science |
ISBN | : 0821374516 |
The countries of Southeast Europe have undergone a significant transition over the past decade. Helped by macroeconomic stabilization and efforts in advancing structural reforms, real GDP growth has picked up this century. Fiscal adjustment has been an integral part of the transition. Expenditure cuts have helped trim spending relative to GDP in most countries in the region and cut fiscal deficits everywhere except in Serbia. Progress in fiscal consolidation has been substantial, but in several of the countries the government's presence in the economy remains oversized. Costs related to advancing EU integration and completing reforms are expected to generate further pressures for public spending. Creating the fiscal space for addressing such pressures would require a further reduction in existing spending, given that there is still scope for increasing tax rates. The report identifies key remaining challenges and proposes a menu of options in further reforms in sectors that account for the largest shares of public spending, and where reforms are likely to have significant budgetary implications. The sectors discussed in the report are social protection, health, education, public administration, and infrastructure.
Author | : |
Publisher | : |
Total Pages | : 79 |
Release | : 2007 |
Genre | : |
ISBN | : |
Author | : Weltbank |
Publisher | : |
Total Pages | : |
Release | : 2012 |
Genre | : |
ISBN | : |
The countries of Southeastern Europe (SEE) and the province of Kosovo (thereafter, Kosovo) have undergone a significant, though difficult, transition over the past decade. Series of conflicts in the region have complicated the transition process, which in the initial phase focused on macroeconomic stabilization and reconstruction. Helped by macroeconomic stability and efforts in advancing structural reforms, real Gross Domestic Product, or GDP growth in region has picked up this century, averaging 5.8 percent during 2000-2006, although it has still lagged the pace in both the more advanced reformers and the average for emerging Asia. In addition to boosting living standards, the SEE countries' shared aspiration to advance European Union (EU) integration has been increasingly shaping the reform agenda. This report reviews the level, composition and outcomes of government spending and distills some of the lessons that emerge from efforts by the SEE countries in reforming expenditure policies. The report identifies key remaining challenges and proposes a broad menu of options in further reforms of sectors that account for the largest shares of public spending across the countries, and where reforms are likely to have significant budgetary implications. This has motivated the choice of sectors discussed in the report: social protection (including pensions), health, education, public administration and infrastructure.
Author | : Alfonso Arpaia |
Publisher | : |
Total Pages | : 60 |
Release | : 2008 |
Genre | : Economic development |
ISBN | : |
Recoge: 1. Introduction - 2. Empirical strategy and data - 3. Panel unit root tests and cointegration analysis - 4. Heterogeneous panel ECM estimation - 5. Robustness analysis - 6. Implications for policy - 7. Concluding remarks.
Author | : Bernard Funck |
Publisher | : World Bank Publications |
Total Pages | : 126 |
Release | : 2002-01-01 |
Genre | : Business & Economics |
ISBN | : 0821353683 |
'Expenditure Policies Toward EU Accession' presents the set of public expenditures that could be conducive to rapid growth and convergence among the Central and Eastern European countries. This report assesses public expenditure policy objectives and provides best practice and lessons learned in designing expenditure reforms within these countries. It also highlights ways in which key expenditure programs such as education, environment, and transport can be redirected so as to be more fully supportive of growth objectives.
Author | : Zsoka Koczan |
Publisher | : International Monetary Fund |
Total Pages | : 20 |
Release | : 2015-07-24 |
Genre | : Business & Economics |
ISBN | : 1513566393 |
In this paper we analyze how Western Balkans public finances adapted to the boom-bust cycle. Large capital inflows into emerging European economies during the mid-2000s resulted in rapid economic growth and convergence to EU income levels. This also resulted in improved fiscal positions of most countries, on the back of strong revenue performance. Yet, since the onset of the global economic crisis, many countries have struggled to adjust to the new situation of lower external financing and lower growth.
Author | : Mr.Brian Olden |
Publisher | : International Monetary Fund |
Total Pages | : 89 |
Release | : 2012-05-01 |
Genre | : Business & Economics |
ISBN | : 1475562152 |
This paper assesses the relative strengths and weaknesses of fiscal institutions in ten Southeastern European countries, using recent benchmarking methodologies developed by FAD. The assessment evaluates each country’s understanding of the scale of the fiscal adjustment challenge, its ability to develop a credible consolidation strategy, and its capacity to implement the strategy. Key institutional arrangements, are generally in place, including top-down budgeting and medium-term budget frameworks. Other institutional arrangements require further attention, including macro-fiscal forecasting, fiscal risk analysis, setting fiscal objectives, presence and role of independent fiscal agencies, and top-down parliamentary approval.
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 706 |
Release | : 2018-04-24 |
Genre | : |
ISBN | : 9264298576 |
Future economic development and the well-being of citizens in South East Europe (SEE) increasingly depend on greater economic competitiveness. Realising the region’s economic potential requires a holistic, growth-oriented policy approach. Against the backdrop of enhanced European Union (EU) ...
Author | : W. Bartlett |
Publisher | : Springer |
Total Pages | : 266 |
Release | : 2013-02-21 |
Genre | : Political Science |
ISBN | : 1137295651 |
Decentralisation is changing the face of South East Europe. This book provides practical analysis of the devolutionary measures reshaping post-Communist economies. Using case studies from Croatia, the former Yugoslavia, Albania and more, this collection offers valuable insights into political and fiscal redistribution.
Author | : European Commission. Directorate-General for Economic and Financial Affairs |
Publisher | : |
Total Pages | : 92 |
Release | : 2012 |
Genre | : Budget |
ISBN | : |
Recoge: Composition and quality of public expenditures in the EU - Improving the efficiency of public expenditure - Growth-enhancing and high-quality expenditure in the EU budgetary framework - A way forward for the assessment of quality of public expenditures in the EU.