Public Expenditure Review for Armenia

World Bank

No 15086 in World Bank Publications - Books from The World Bank Group

Abstract: This is the first full-scale World Bank Public Expenditure Review for Armenia, which reviews the main fiscal trends in the country for the period 1997-2001, and develops recommendations with respect to further fiscal adjustment, expenditure prioritization, and budget consolidation. The analysis focuses on core issues, i.e., sustainability of fiscal adjustment, fiscal transparency, expenditure priorities, and short-term expenditure management, given the existing economy-wide institutional constraints. The study covers extra-budgetary funds, in-kind external grants, subsidies provided by the state-owned companies in the energy, and utility sectors, and operations of the Social Insurance Fund, as well as regular spending. It suggests a medium-term action plan to address identified weaknesses. Sectoral chapters review health, education, and social protection and insurance. The study also analyzes budget support for core public infrastructure, and the country's public investment program.

Keywords: Environmental; Economics; and; Policies; Governance-National; Governance; Macroeconomics; and; Economic; Growth-Economic; Stabilization; Poverty; Reduction-Poverty; Assessment; Public; Sector; Economics; and; Finance (search for similar items in EconPapers)
Date: 2003-08
ISBN: 0-8213-5584-8
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbpubs:15086

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