The aim of this note is to present and analyze subnational fiscal trends in Russia in the context of overall slowing economic growth and falling oil prices over the last few years. In particular, in 2015, GDP fell by 3.7 percent. Despite efforts to cut expenditures, the federal deficit increased...

The Kenyan government remains committed to a planned fiscal consolidation pathway, which should help contain public debt stock at a sustainable level. Nonetheless, there are significant challenges stemming from a slowdown in revenue collection, a growing demand for transfers to county...

The objective of this public expenditure review (PER) is to provide the government with options for fiscal consolidation and support macroeconomic stability in the medium-term. This PER addresses the broad topic of expenditure efficiency and examines options for expenditure rationalization to...

This module of the Public Expenditure Review (PER) sought to identify options for an effective and sustainable fiscal adjustment by considering key macroeconomic variables, fiscal policy priorities, spending trends, and Uganda's overall development needs. It has, therefore, detailed Uganda's...

This report focuses on Module II(a) related to raising fiscal space through efficiency improvements in public investment management (PIM). The report assessed the performance of the public investment program and how it can have contributed to the evolution of fiscal policy over the last decade....

This public expenditure review (PER) 2022-2023 identifies options for an effective, sustainable, and inclusive fiscal adjustment. It therefore details Uganda's macro-fiscal challenges and government's current fiscal policy stance in relation to both the short-term shocks and longer-term...

How the government of Maldives chooses to spend state revenues has consequences for the country's future Decisions on what, where, how, and how much governments spend on have a significant impact on a country's growth and development. Allocating resources efficiently and effectively across...

The Nigeria Public Finance Review is part of a programmatic effort of fiscal analytics that the World Bank is conducting with the Nigerian government. Ongoing analyses is shared as presentations and technical notes in a continuous dialogue. The emphasis is on establishing a baseline...

The fall 2021 issue of the Iraq Economic Monitor provides an in-depth review of the latest macroeconomic and policy developments amidst a global recovery in international oil markets and as COVID-19 restrictions begin to ease. As a result, the monitor finds that the economic prospects for Iraq...