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The 2009 Public Finance Review (PFR) has three chapters. The first deals with broad public finance topics such as aggregate fiscal management, efficient allocation of public spending, revenue performance, and trends and usage of external aid. The second chapter deals with how inflation affects...
Persistent link: https://www.econbiz.de/10012550942
widening of the current account deficit in 2005-2007, despite somewhat tighter fiscal policy. Building on this foundation, the … of the state and the fiscal deficit, and thereby helping to increase private sector productivity and competitiveness; and …
Persistent link: https://www.econbiz.de/10012552914
widening of the current account deficit in 2005-2007, despite somewhat tighter fiscal policy. Building on this foundation, the … of the state and the fiscal deficit, and thereby helping to increase private sector productivity and competitiveness; and …
Persistent link: https://www.econbiz.de/10012552997
deficit and built buffers, which allowed it to respond to the 2008 Global Financial Crisis. Colombia successfully withdrew the … 2008-09 deficit expansion and ran one of the highest fiscal balances in Latin America, until the COVID-19 crisis hit. The … pushed the central government's deficit and the debt to their highest levels in decade, 7.8 and 64 percent of GDP …
Persistent link: https://www.econbiz.de/10013255201
Mexico's intergovernmental transfer system needs to reduce vertical imbalances and discretionary federal transfers. This note assesses Mexico's pending subnational fiscal reform agenda. Mexico is a federal country divided into 31 sovereign states and one federal district. Each state is composed...
Persistent link: https://www.econbiz.de/10012560512
reform options for a gradual and sustainable fiscal deficit reduction and mitigation of risks to debt sustainability through … are anchors of Ukraine's long-term fiscal sustainability and core elements of the strategy to reduce the fiscal deficit …
Persistent link: https://www.econbiz.de/10012247048
Ethiopia Public Finance Review (PFR) is an analytical input to the regular Government-Donor dialogue on public finance and aid effectiveness. It forms the basis for policy focused analyses and sustained dialogue that facilitate close partnership and enhanced mutual accountability between...
Persistent link: https://www.econbiz.de/10012557252
The report assesses the performance of Thailand's fiscal institutions, in responding to the pressures of the economic crisis, and its likely performance in meeting the challenges of the new Constitution, and in modernizing the public sector. It builds on the analysis conducted to design the...
Persistent link: https://www.econbiz.de/10012558936
Bulgaria has traditionally adhered to fiscal discipline and prudent fiscal policy since the introduction of its currency board arrangement in mid-1997. After a gradual decline in the 2000s, public debt has remained among the lowest in the European Union (EU), hovering in a narrow band between 17...
Persistent link: https://www.econbiz.de/10014579457
During the last decade Cambodia succeeded in achieving significant domestic resource mobilization which in turn enabled a rapid expansion of social spending. During the next decade it should shift from spending more to spending better. This Public Finance Review (PFR) informs the next phase of...
Persistent link: https://www.econbiz.de/10014579948