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Belarus faces significant fiscal challenges, stemming from the structural features of its economic model. As of mid-2011, under a severe exchange rate and balance of payments crisis, the Government needs to pursue a carefully sequenced strategy of macroeconomic adjustment coupled with a strong...
Persistent link: https://www.econbiz.de/10012550582
This Report discusses the challenge of budget financing of core structural reforms, within a broader framework of fiscal management reforms in Russia. It argues that explicit financing of structural reforms is fully justifiable because these are the investments in the institutional...
Persistent link: https://www.econbiz.de/10012553431
Both central and state governments have carried out significant correction of financial imbalances since 2000, through the implementation of fiscal reforms including enactment of fiscal responsibility (FR) acts. However, the improvement in the finances of all states in aggregate hides wide...
Persistent link: https://www.econbiz.de/10012557313
Similarly to Pakistan's other provinces, and the country as a whole, Punjab Province - a macrocosm of the country, with more than half the population, and economic activity - is facing a crisis of public service delivery, government finances, public institutions, and governance. Hence, the...
Persistent link: https://www.econbiz.de/10012558634
ILO pub-WEP pub. Working paper (conference paper), short term econometric model estimating the impact of economic policy on employment and incomes in Peru in 1983 - calculates interaction between external debt, balance of payments, monetary policy, fiscal policy, price policy, supply and demand...
Persistent link: https://www.econbiz.de/10010966848
liquidity in the financial system, partly caused by spending of oil receipts. In the face of persistent excess liquidity in the …; however, these had a limited impact on monetary aggregates. A structural excess liquidity is a common feature in oil exporting … monetary policy and liquidity management and discusses role of selective financial markets in improving liquidity management in …
Persistent link: https://www.econbiz.de/10012560066
The objective of this paper is to provide practical recommendations for improving the effectiveness of the public financial management system as inputs to the envisaged Armenian public financial management (PFM) reform strategy. The paper aims at providing a comprehensive analysis of most of the...
Persistent link: https://www.econbiz.de/10012550692
This 2003 Public Expenditure Review (PER) report addresses budget process challenges, at both the central and local government (LG) levels, highlighting the progress made, and identifying challenges for the future. The first chapter reviews country economic performance over the previous year and...
Persistent link: https://www.econbiz.de/10012559119
This report focuses principally on three key dimensions of better public expenditure management in Pakistan. First, it is paramount to continue financial discipline and reduce the overall size of the public sector deficit, including the sizable losses of public enterprises. The modest progress...
Persistent link: https://www.econbiz.de/10012559151
Following two decades of relatively rapid growth, and a decade of liberalization, there is growing confidence within India, as well as internationally, about the state of the economy, and India's development potential. Nonetheless, and particularly since the late nineties, when India's states...
Persistent link: https://www.econbiz.de/10012559275