Maldives : Public Expenditure Review

World Bank

Maldives : Public Expenditure Review

Autores

Descripción

The unifying theme of the public expenditure review is the growth and poverty focus of public expenditures, evolving around the question of how effective public expenditures are in addressing Maldives' overriding objective of reducing regional disparities and income poverty, particularly in the outer atolls. Since macroeconomic stability is a key prerequisite for sustained high economic growth and poverty reduction, the soundness of the fiscal framework and the issues of fiscal sustainability and contingent liabilities are examined in Chapter 2. The latter chapter also looks at the allocation of public expenditures along the key economic categories as well as by major sectoral/functional break-down, with specific recommendations for reform measures. Chapter 3 focuses on the institutional issues and challenges faced in public expenditure management, including the coordination of decision making and budgeting, planning and service delivery, and monitoring and evaluation. Sectoral allocations of public expenditures are evaluated in Chapter 4, with particular focus on education, health, and infrastructure. Sectoral public expenditures are evaluated in terms of their rationale for public sector intervention; determining the appropriate instrument for achieving technical efficiency; and their impacts/outcomes. Chapter 5 concludes by summing up overall reform priorities and discussing planned next steps and follow-up support activities to implement recommendations.

Palabras clave

AGGREGATE LEVEL, ALLOCATIVE EFFICIENCY, ANNUAL BUDGET CYCLE, ANTI-CORRUPTION, ASSESSMENT STUDY, AUTHORITY, BALANCE OF PAYMENTS, BONDS, BORROWING, BUDGET DEFICIT, BUDGET MANAGEMENT, BUDGET SYSTEM, BUDGETARY RESOURCES, CAPACITY BUILDING, CAPITAL GOODS, CASH MANAGEMENT, CENTRAL GOVERNMENT, CONCESSIONAL LOANS, CONSTITUTION, CPI, CROWDING, CROWDING OUT, DEBT INSTRUMENTS, DEFICIT FINANCING, DEFICITS, DEPARTMENTS OF THE GOVERNMENT, DEVELOPING COUNTRY, DEVELOPMENT PROGRAMS, DIVIDENDS, DOMESTIC BORROWING, DONOR ASSISTANCE, ECONOMIC GROWTH, ECONOMIC MANAGEMENT, ECONOMIC MEMORANDUM, ECONOMIC PERFORMANCE, ECONOMICS, ELECTRICITY, EMPLOYMENT, EXCHANGE RATE, EXECUTION, EXPANSION PLAN, EXPANSIONARY FISCAL, EXPANSIONARY FISCAL POLICY, EXPENDITURE REFORM, EXTERNAL DEBT, EXTERNAL SHOCKS, EXTERNALITIES, FINANCIAL ACCOUNTABILITY, FINANCIAL MANAGEMENT, FISCAL, FISCAL DISCIPLINE, FISCAL STANCE, FISCAL SUSTAINABILITY, FISH, FISHERIES, FOREIGN DEBT, FOREIGN DIRECT INVESTMENT, GOVERNMENT BONDS, GOVERNMENT CONSUMPTION, GOVERNMENT EXPENDITURES, GOVERNMENT FINANCE, GOVERNMENT POLICIES, GOVERNMENT SPENDING, GOVERNMENTAL ORGANIZATION, GROSS DOMESTIC PRODUCT, GROWTH RATE, HOUSING, HOUSING FINANCE, HUMAN DEVELOPMENT, IMPORTS, INCOME, INFANT MORTALITY, INFLATION, INSTITUTIONAL CHANGES, LABOR FORCE, LAND RECLAMATION, LIFE EXPECTANCY, LIVING STANDARDS, LONG-TERM TRENDS, MACROECONOMIC FRAMEWORK, MACROECONOMIC MANAGEMENT, MACROECONOMIC POLICIES, MACROECONOMIC STABILITY, MINISTRY OF FINANCE, NATIONAL DEVELOPMENT OBJECTIVES, NATIONAL POVERTY, NATIONAL POVERTY LINE, NATIONS, NUTRITION, POLICY ENVIRONMENT, POLICY IMPLICATIONS, POPULATION GROWTH, POVERTY ALLEVIATION, POVERTY ASSESSMENT, POVERTY REDUCTION, POVERTY REDUCTION STRATEGY, PRESENT VALUE, PRIMARY SCHOOL, PRIORITY AREAS, PRIVATE SECTOR, PUBLIC ADMINISTRATION, PUBLIC ADMINISTRATION REFORM, PUBLIC BUDGET, PUBLIC EXPENDITURE, PUBLIC EXPENDITURE MANAGEMENT, PUBLIC EXPENDITURE REFORM, PUBLIC EXPENDITURE REVIEW, PUBLIC EXPENDITURES, PUBLIC RESOURCES, PUBLIC SECTOR, PUBLIC SECTOR INVOLVEMENT, PUBLIC SECTOR REFORM, PUBLIC SERVICE, PUBLIC SERVICE DELIVERY, PUBLIC SERVICES, PUBLIC UTILITIES, QUANTITATIVE ANALYSIS, RATIONALIZATION, RECURRENT COSTS, REGIONAL DISPARITIES, RESOURCES MANAGEMENT, SCALE ECONOMIES, SECTORAL ALLOCATIONS, SERVICE DELIVERY, SOCIAL DEVELOPMENT, SOCIAL INDICATORS, SOCIAL SECTORS, SOCIAL SECURITY, SOCIAL SERVICES, TAX, TAX ADMINISTRATION, TAX REVENUES, TAX SYSTEM, TECHNICAL ASSISTANCE, TERMS OF TRADE, TIME FRAME, TOTAL EXPENDITURES, TREASURY, URBAN POPULATION