Intro -- CONTENTS -- Cover -- Title -- Abstract -- Acknowledgments -- Abbreviations and Acronyms -- I. Executive Summary -- II. Peru's Fiscal Challenges and Vulnerabilities -- III. Reorienting the Budget Toward Pro-Poor Expenditure -- IV. Improving the Efficiency of Public Expenditure -- V....

Intro -- CONTENTS -- Abstract -- Acknowledgments -- Abbreviations and Acronyms -- Executive Summary -- Fiscal Policy Faces Historical and Structural Constraints -- Fiscal Trends and Challenges -- Pro-Poor Expenditure and the Room for Additional Fiscal Space -- Public Expenditure Management (PEM)...