Linking Fiscal Policy and Growth in PER Reports : An Operational Framework for Low-Income Countries

This note describes a framework for linking fiscal policy and growth issues in low-income countries. The framework has been developed in the context of a recently, completed Public Expenditure Management and Financial Accountability Review (PEMFAR)...

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Bibliographic Details
Main Author:	Moreira, Emmanuel Pinto
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCESS TO SAFE WATER ADMINISTRATIVE COSTS ADVISORY SERVICE AGGREGATE DEMAND BASELINE SCENARIO BORROWING BUDGET BALANCE BUDGET FRAMEWORK CALCULATIONS CAPITAL ACCUMULATION CAPITAL INFRASTRUCTURE CAPITAL STOCK CENTRAL BANK COMMODITIES COMMODITY CONSUMPTION TAXES CONTRIBUTIONS DEBT DEBT ACCUMULATION DEBT RELIEF DEBT SUSTAINABILITY DEPRECIATION DEVELOPING COUNTRIES DISPOSABLE INCOME DISTRIBUTIONAL ISSUES DOMESTIC BORROWING DOMESTIC MARKET ECONOMIC GROWTH ECONOMIC MANAGEMENT ECONOMIC POLICY ECONOMIC SECURITY EDUCATION SYSTEM EFFICIENCY OF RESOURCE ALLOCATION EXPENDITURE ANALYSIS EXPENDITURES EXTERNALITIES FINANCIAL ACCOUNTABILITY FINANCIAL SUPPORT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL POLICY FISCAL REFORM FISCAL SYSTEM FOREIGN BORROWING GOVERNMENT BUDGET GOVERNMENT EXPENDITURE GOVERNMENT REVENUE GOVERNMENT SPENDING GROWTH RATE HEALTH OUTCOMES HEALTH SERVICES HUMAN DEVELOPMENT INCOME SOURCE INFRASTRUCTURE INVESTMENT INFRASTRUCTURE SERVICES INTEREST EXPENDITURE INTEREST PAYMENT INTEREST PAYMENTS INVENTORY INVESTING LABOR FORCE LIFE EXPECTANCY LITERACY LOW-INCOME MACROECONOMIC FRAMEWORK MARKET PRICES MEDIUM-TERM EXPENDITURE MEDIUM-TERM EXPENDITURE FRAMEWORK PHYSICAL CAPITAL POLITICAL STABILITY POVERTY REDUCTION POVERTY REDUCTION STRATEGIES PRIVATE CAPITAL PRIVATE CONSUMPTION PRIVATE INVESTMENT PRIVATE SAVING PRIVATE SECTOR PROPERTY RIGHTS PUBLIC PUBLIC CAPITAL PUBLIC DEBT PUBLIC EDUCATION PUBLIC EMPLOYMENT PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE REVIEWS PUBLIC FINANCE PUBLIC HEALTH PUBLIC HEALTH SERVICES PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC SCHOOLS PUBLIC SECTOR PUBLIC SECTOR EMPLOYMENT RATIO OF PUBLIC SPENDING RESOURCE ALLOCATION RETURN ROADS SALARIES SENIOR STOCKS TAX TAX RATE TAX RATES TAX REVENUES TOTAL EXPENDITURE UNCERTAINTY USER FEES WAGES WEB SITE WORTH
Online Access:	http://documents.worldbank.org/curated/en/2009/03/10536727/linking-fiscal-policy-growth-reports-operational-framework-low-income-countries http://hdl.handle.net/10986/11125

Description
Summary:	This note describes a framework for linking fiscal policy and growth issues in low-income countries. The framework has been developed in the context of a recently, completed Public Expenditure Management and Financial Accountability Review (PEMFAR) report in the Latin American and Caribbean (LAC) region. The note describes first the framework and then illustrates its application to fiscal reform and growth prospects in the context of Haiti. The note concludes by laying out an agenda for developing this framework further, ideally to facilitate use of this framework in preparing more Public Expenditure Reviews (PERs) and elaborating medium-term budget frameworks.

Linking Fiscal Policy and Growth in PER Reports : An Operational Framework for Low-Income Countries

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