This Public Expenditure Review (PER) takes stock of fiscal developments and institutions and analyzes the key issues that bear on the level, composition, challenges, and effectiveness of government spending and the stance of fiscal policy. Understanding these issues is essential, as new fiscal...

This report reviews the level, composition and outcomes of government spending and distills some of the lessons that emerge from efforts by the Southeast Europe (SEE) countries in reforming expenditure policies. The report identifies key remaining challenges and proposes a broad menu of options...