Georgia - Public Expenditure Review : Managing Expenditure Pressures for Sustainability and Growth
Economic growth has rebounded strongly in Georgia during 2010-12 and commendable fiscal consolidation has been implemented, although considerable medium-term macro-fiscal challenges remain. This public expenditure review (PER) considers possible so...
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| Format: | Public Expenditure Review |
| Language: | English en_US |
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Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2012/11/17097163/georgia-public-expenditure-review-managing-expenditure-pressures-sustainability-growth http://hdl.handle.net/10986/12315 |
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okr-10986-12315 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING AGGREGATE DEMAND ALLOCATION ANNUAL BUDGET ARREARS ASSET MANAGEMENT ASSET VALUE BALANCE SHEET BANK LENDING BANKING SECTOR BENEFICIARIES BENEFICIARY BUDGET ACCOUNTS BUDGET CODE BUDGET LAW BUDGET PREPARATION BUDGET PROCESS CAPITAL BUDGET CAPITAL BUDGETING CAPITAL EXPENDITURE CAPITAL EXPENDITURES CAPITAL FLOWS CAPITAL INFLOWS CAPITAL INVESTMENTS CENTRAL AGENCIES CENTRAL GOVERNMENT COMPETITIVE BIDDING COMPOSITION OF EXPENDITURES COST EFFECTIVENESS COST-BENEFIT ANALYSIS CREDIT GROWTH CURRENCY CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT CURRENT ACCOUNT DEFICITS CURRENT ACCOUNT SURPLUSES DEBT BURDEN DEBT LEVELS DEBT RATIO DEBT REPAYMENT DEBT REPAYMENT SCHEDULE DEBT REPAYMENTS DEBT SUSTAINABILITY DECISION-MAKING DEPOSITS DOMESTIC SAVINGS DONOR ASSISTANCE ECONOMIC CLASSIFICATION ECONOMIC DOWNTURN ECONOMIC GROWTH ECONOMIC RECOVERY EMPLOYMENT OPPORTUNITIES EUROBOND EXCHANGE RATE EXPENDITURE PRIORITIES EXPORT SHARE EXTERNAL BORROWING EXTERNAL DEBT EXTERNAL FINANCING EXTERNAL IMBALANCES FINANCE MINISTRY FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL INSTRUMENTS FINANCIAL SECTOR FINANCING REQUIREMENT FISCAL ADJUSTMENT FISCAL ANALYSIS FISCAL BALANCE FISCAL CONSOLIDATION FISCAL COST FISCAL COSTS FISCAL DEFICIT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL ENVELOPE FISCAL EXPENDITURE FISCAL FRAMEWORK FISCAL POLICY FISCAL STABILITY FOREIGN CAPITAL FOREIGN DIRECT INVESTMENT FRAUD GENERAL REVENUES GLOBAL CAPITAL GOVERNMENT BORROWING GOVERNMENT BUDGETS GOVERNMENT CONSUMPTION GOVERNMENT INVESTMENT GOVERNMENT SUBSIDIES GROSS DOMESTIC PRODUCT GROWTH MODEL GROWTH RATE HEALTH CARE HEALTH EXPENDITURES HEALTH INSURANCE HEALTH OUTCOMES HEALTH SECTOR HEALTH SERVICES HEALTH SPENDING HOUSEHOLDS HUMAN CAPITAL INFLATION INFORMATION SYSTEM INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE EXPENDITURE INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE SERVICES INSTRUMENT INTERNAL CONTROL INTERNATIONAL DEVELOPMENT INTERNATIONAL MARKETS INTERNATIONAL STANDARDS INVESTMENT PROJECTS INVESTMENT PROPOSALS ISSUANCES JOB OPPORTUNITIES KEY CHALLENGE LABOR FORCE PARTICIPATION LIVING STANDARDS LOCAL GOVERNMENT MACROECONOMIC FRAMEWORK MACROECONOMIC MANAGEMENT MEDIUM TERM EXPENDITURE MEDIUM TERM EXPENDITURE FRAMEWORK MINISTRY OF FINANCE MONETARY FUND NATIONAL BANK NATIONAL SAVINGS NET LENDING NONPAYMENT OIL PRICES OLD-AGE OLD-AGE INCOME OLD-AGE PENSION OLD-AGE PENSIONS OUTREACH PENSION REFORM PENSION SYSTEM PENSION SYSTEMS POLICY RESPONSE POVERTY REDUCTION PRIVATE CAPITAL PRIVATE CAPITAL INFLOWS PRIVATE DEBT PRIVATE INVESTMENT PRIVATE PENSION PRIVATE SAVINGS PRIVATE SECTOR PRIVATE SPENDING PRIVATIZATION PROGRAMS PUBLIC CAPITAL PUBLIC DEBT PUBLIC EXPECTATIONS PUBLIC EXPENDITURE PUBLIC EXPENDITURE POLICY PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCES PUBLIC FUNDING PUBLIC HEALTH PUBLIC INVESTMENT PUBLIC INVESTMENT PROGRAMMING PUBLIC SAVINGS PUBLIC SECTOR PUBLIC SERVICES PUBLIC SPENDING PURCHASING POWER RATE OF RETURN REAL EXCHANGE RATE RECEIPT RECEIPTS RECURRENT EXPENDITURES REMITTANCES RENEGOTIATION REPAYMENT REPAYMENTS RESERVE RESOURCE CONSTRAINTS ROAD NETWORK RURAL ACCESS SAFETY NET SCHOOL PERFORMANCE SERVICE QUALITY SOCIAL ASSISTANCE SOCIAL BENEFIT SOCIAL BENEFITS SOCIAL EXPENDITURE SOCIAL EXPENDITURES SOCIAL PROGRAMS SOCIAL PROTECTION SOCIAL PROTECTION EXPENDITURES SOCIAL SERVICES STATE BUDGET STATE ENTERPRISES STATE GOVERNMENT STRUCTURAL REFORMS T-BILL TAX TAX BASE TAX POLICY TAX RATES TAX REGIME TAX REVENUES TAX TREATMENT TOTAL EXPENDITURES TOTAL SPENDING TRANSPARENCY UNEMPLOYMENT UNION USE OF RESERVES VOUCHERS |
| spellingShingle |
ACCOUNTING AGGREGATE DEMAND ALLOCATION ANNUAL BUDGET ARREARS ASSET MANAGEMENT ASSET VALUE BALANCE SHEET BANK LENDING BANKING SECTOR BENEFICIARIES BENEFICIARY BUDGET ACCOUNTS BUDGET CODE BUDGET LAW BUDGET PREPARATION BUDGET PROCESS CAPITAL BUDGET CAPITAL BUDGETING CAPITAL EXPENDITURE CAPITAL EXPENDITURES CAPITAL FLOWS CAPITAL INFLOWS CAPITAL INVESTMENTS CENTRAL AGENCIES CENTRAL GOVERNMENT COMPETITIVE BIDDING COMPOSITION OF EXPENDITURES COST EFFECTIVENESS COST-BENEFIT ANALYSIS CREDIT GROWTH CURRENCY CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT CURRENT ACCOUNT DEFICITS CURRENT ACCOUNT SURPLUSES DEBT BURDEN DEBT LEVELS DEBT RATIO DEBT REPAYMENT DEBT REPAYMENT SCHEDULE DEBT REPAYMENTS DEBT SUSTAINABILITY DECISION-MAKING DEPOSITS DOMESTIC SAVINGS DONOR ASSISTANCE ECONOMIC CLASSIFICATION ECONOMIC DOWNTURN ECONOMIC GROWTH ECONOMIC RECOVERY EMPLOYMENT OPPORTUNITIES EUROBOND EXCHANGE RATE EXPENDITURE PRIORITIES EXPORT SHARE EXTERNAL BORROWING EXTERNAL DEBT EXTERNAL FINANCING EXTERNAL IMBALANCES FINANCE MINISTRY FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL INSTRUMENTS FINANCIAL SECTOR FINANCING REQUIREMENT FISCAL ADJUSTMENT FISCAL ANALYSIS FISCAL BALANCE FISCAL CONSOLIDATION FISCAL COST FISCAL COSTS FISCAL DEFICIT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL ENVELOPE FISCAL EXPENDITURE FISCAL FRAMEWORK FISCAL POLICY FISCAL STABILITY FOREIGN CAPITAL FOREIGN DIRECT INVESTMENT FRAUD GENERAL REVENUES GLOBAL CAPITAL GOVERNMENT BORROWING GOVERNMENT BUDGETS GOVERNMENT CONSUMPTION GOVERNMENT INVESTMENT GOVERNMENT SUBSIDIES GROSS DOMESTIC PRODUCT GROWTH MODEL GROWTH RATE HEALTH CARE HEALTH EXPENDITURES HEALTH INSURANCE HEALTH OUTCOMES HEALTH SECTOR HEALTH SERVICES HEALTH SPENDING HOUSEHOLDS HUMAN CAPITAL INFLATION INFORMATION SYSTEM INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE EXPENDITURE INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE SERVICES INSTRUMENT INTERNAL CONTROL INTERNATIONAL DEVELOPMENT INTERNATIONAL MARKETS INTERNATIONAL STANDARDS INVESTMENT PROJECTS INVESTMENT PROPOSALS ISSUANCES JOB OPPORTUNITIES KEY CHALLENGE LABOR FORCE PARTICIPATION LIVING STANDARDS LOCAL GOVERNMENT MACROECONOMIC FRAMEWORK MACROECONOMIC MANAGEMENT MEDIUM TERM EXPENDITURE MEDIUM TERM EXPENDITURE FRAMEWORK MINISTRY OF FINANCE MONETARY FUND NATIONAL BANK NATIONAL SAVINGS NET LENDING NONPAYMENT OIL PRICES OLD-AGE OLD-AGE INCOME OLD-AGE PENSION OLD-AGE PENSIONS OUTREACH PENSION REFORM PENSION SYSTEM PENSION SYSTEMS POLICY RESPONSE POVERTY REDUCTION PRIVATE CAPITAL PRIVATE CAPITAL INFLOWS PRIVATE DEBT PRIVATE INVESTMENT PRIVATE PENSION PRIVATE SAVINGS PRIVATE SECTOR PRIVATE SPENDING PRIVATIZATION PROGRAMS PUBLIC CAPITAL PUBLIC DEBT PUBLIC EXPECTATIONS PUBLIC EXPENDITURE PUBLIC EXPENDITURE POLICY PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCES PUBLIC FUNDING PUBLIC HEALTH PUBLIC INVESTMENT PUBLIC INVESTMENT PROGRAMMING PUBLIC SAVINGS PUBLIC SECTOR PUBLIC SERVICES PUBLIC SPENDING PURCHASING POWER RATE OF RETURN REAL EXCHANGE RATE RECEIPT RECEIPTS RECURRENT EXPENDITURES REMITTANCES RENEGOTIATION REPAYMENT REPAYMENTS RESERVE RESOURCE CONSTRAINTS ROAD NETWORK RURAL ACCESS SAFETY NET SCHOOL PERFORMANCE SERVICE QUALITY SOCIAL ASSISTANCE SOCIAL BENEFIT SOCIAL BENEFITS SOCIAL EXPENDITURE SOCIAL EXPENDITURES SOCIAL PROGRAMS SOCIAL PROTECTION SOCIAL PROTECTION EXPENDITURES SOCIAL SERVICES STATE BUDGET STATE ENTERPRISES STATE GOVERNMENT STRUCTURAL REFORMS T-BILL TAX TAX BASE TAX POLICY TAX RATES TAX REGIME TAX REVENUES TAX TREATMENT TOTAL EXPENDITURES TOTAL SPENDING TRANSPARENCY UNEMPLOYMENT UNION USE OF RESERVES VOUCHERS World Bank Georgia - Public Expenditure Review : Managing Expenditure Pressures for Sustainability and Growth |
| geographic_facet |
Europe and Central Asia Georgia |
| description |
Economic growth has rebounded strongly
in Georgia during 2010-12 and commendable fiscal
consolidation has been implemented, although considerable
medium-term macro-fiscal challenges remain. This public
expenditure review (PER) considers possible sources of
expenditure pressure that may affect the fiscal
consolidation program and suggests options to manage them.
This PER presents a number of options for consideration to
manage fiscal consolidation, which can contribute toward
greater selectivity in capital expenditures, enhanced
sustainability of the road investment program, and
containing medium-term social expenditure pressures. The
rest of this synthesis report is in five chapters. Chapter
first summarizes the macroeconomic context and assesses
trade-offs associated in balancing the overall composition
of public expenditures. The second and third chapters
illustrate policy options and implications associated with
containing social expenditure pressures and improving
effectiveness of health expenditures, respectively. Chapter
fourth reviews the international experience in strengthening
capital budgeting and provides options for consideration for
Georgia. Finally, the fifth chapter discusses options
associated with rebalancing road sector expenditures. |
| format |
Economic & Sector Work :: Public Expenditure Review |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Georgia - Public Expenditure Review : Managing Expenditure Pressures for Sustainability and Growth |
| title_short |
Georgia - Public Expenditure Review : Managing Expenditure Pressures for Sustainability and Growth |
| title_full |
Georgia - Public Expenditure Review : Managing Expenditure Pressures for Sustainability and Growth |
| title_fullStr |
Georgia - Public Expenditure Review : Managing Expenditure Pressures for Sustainability and Growth |
| title_full_unstemmed |
Georgia - Public Expenditure Review : Managing Expenditure Pressures for Sustainability and Growth |
| title_sort |
georgia - public expenditure review : managing expenditure pressures for sustainability and growth |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2012/11/17097163/georgia-public-expenditure-review-managing-expenditure-pressures-sustainability-growth http://hdl.handle.net/10986/12315 |
| _version_ |
1764419478070755328 |
| spelling |
okr-10986-123152021-04-23T14:03:00Z Georgia - Public Expenditure Review : Managing Expenditure Pressures for Sustainability and Growth World Bank ACCOUNTING AGGREGATE DEMAND ALLOCATION ANNUAL BUDGET ARREARS ASSET MANAGEMENT ASSET VALUE BALANCE SHEET BANK LENDING BANKING SECTOR BENEFICIARIES BENEFICIARY BUDGET ACCOUNTS BUDGET CODE BUDGET LAW BUDGET PREPARATION BUDGET PROCESS CAPITAL BUDGET CAPITAL BUDGETING CAPITAL EXPENDITURE CAPITAL EXPENDITURES CAPITAL FLOWS CAPITAL INFLOWS CAPITAL INVESTMENTS CENTRAL AGENCIES CENTRAL GOVERNMENT COMPETITIVE BIDDING COMPOSITION OF EXPENDITURES COST EFFECTIVENESS COST-BENEFIT ANALYSIS CREDIT GROWTH CURRENCY CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT CURRENT ACCOUNT DEFICITS CURRENT ACCOUNT SURPLUSES DEBT BURDEN DEBT LEVELS DEBT RATIO DEBT REPAYMENT DEBT REPAYMENT SCHEDULE DEBT REPAYMENTS DEBT SUSTAINABILITY DECISION-MAKING DEPOSITS DOMESTIC SAVINGS DONOR ASSISTANCE ECONOMIC CLASSIFICATION ECONOMIC DOWNTURN ECONOMIC GROWTH ECONOMIC RECOVERY EMPLOYMENT OPPORTUNITIES EUROBOND EXCHANGE RATE EXPENDITURE PRIORITIES EXPORT SHARE EXTERNAL BORROWING EXTERNAL DEBT EXTERNAL FINANCING EXTERNAL IMBALANCES FINANCE MINISTRY FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL INSTRUMENTS FINANCIAL SECTOR FINANCING REQUIREMENT FISCAL ADJUSTMENT FISCAL ANALYSIS FISCAL BALANCE FISCAL CONSOLIDATION FISCAL COST FISCAL COSTS FISCAL DEFICIT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL ENVELOPE FISCAL EXPENDITURE FISCAL FRAMEWORK FISCAL POLICY FISCAL STABILITY FOREIGN CAPITAL FOREIGN DIRECT INVESTMENT FRAUD GENERAL REVENUES GLOBAL CAPITAL GOVERNMENT BORROWING GOVERNMENT BUDGETS GOVERNMENT CONSUMPTION GOVERNMENT INVESTMENT GOVERNMENT SUBSIDIES GROSS DOMESTIC PRODUCT GROWTH MODEL GROWTH RATE HEALTH CARE HEALTH EXPENDITURES HEALTH INSURANCE HEALTH OUTCOMES HEALTH SECTOR HEALTH SERVICES HEALTH SPENDING HOUSEHOLDS HUMAN CAPITAL INFLATION INFORMATION SYSTEM INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE EXPENDITURE INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE SERVICES INSTRUMENT INTERNAL CONTROL INTERNATIONAL DEVELOPMENT INTERNATIONAL MARKETS INTERNATIONAL STANDARDS INVESTMENT PROJECTS INVESTMENT PROPOSALS ISSUANCES JOB OPPORTUNITIES KEY CHALLENGE LABOR FORCE PARTICIPATION LIVING STANDARDS LOCAL GOVERNMENT MACROECONOMIC FRAMEWORK MACROECONOMIC MANAGEMENT MEDIUM TERM EXPENDITURE MEDIUM TERM EXPENDITURE FRAMEWORK MINISTRY OF FINANCE MONETARY FUND NATIONAL BANK NATIONAL SAVINGS NET LENDING NONPAYMENT OIL PRICES OLD-AGE OLD-AGE INCOME OLD-AGE PENSION OLD-AGE PENSIONS OUTREACH PENSION REFORM PENSION SYSTEM PENSION SYSTEMS POLICY RESPONSE POVERTY REDUCTION PRIVATE CAPITAL PRIVATE CAPITAL INFLOWS PRIVATE DEBT PRIVATE INVESTMENT PRIVATE PENSION PRIVATE SAVINGS PRIVATE SECTOR PRIVATE SPENDING PRIVATIZATION PROGRAMS PUBLIC CAPITAL PUBLIC DEBT PUBLIC EXPECTATIONS PUBLIC EXPENDITURE PUBLIC EXPENDITURE POLICY PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCES PUBLIC FUNDING PUBLIC HEALTH PUBLIC INVESTMENT PUBLIC INVESTMENT PROGRAMMING PUBLIC SAVINGS PUBLIC SECTOR PUBLIC SERVICES PUBLIC SPENDING PURCHASING POWER RATE OF RETURN REAL EXCHANGE RATE RECEIPT RECEIPTS RECURRENT EXPENDITURES REMITTANCES RENEGOTIATION REPAYMENT REPAYMENTS RESERVE RESOURCE CONSTRAINTS ROAD NETWORK RURAL ACCESS SAFETY NET SCHOOL PERFORMANCE SERVICE QUALITY SOCIAL ASSISTANCE SOCIAL BENEFIT SOCIAL BENEFITS SOCIAL EXPENDITURE SOCIAL EXPENDITURES SOCIAL PROGRAMS SOCIAL PROTECTION SOCIAL PROTECTION EXPENDITURES SOCIAL SERVICES STATE BUDGET STATE ENTERPRISES STATE GOVERNMENT STRUCTURAL REFORMS T-BILL TAX TAX BASE TAX POLICY TAX RATES TAX REGIME TAX REVENUES TAX TREATMENT TOTAL EXPENDITURES TOTAL SPENDING TRANSPARENCY UNEMPLOYMENT UNION USE OF RESERVES VOUCHERS Economic growth has rebounded strongly in Georgia during 2010-12 and commendable fiscal consolidation has been implemented, although considerable medium-term macro-fiscal challenges remain. This public expenditure review (PER) considers possible sources of expenditure pressure that may affect the fiscal consolidation program and suggests options to manage them. This PER presents a number of options for consideration to manage fiscal consolidation, which can contribute toward greater selectivity in capital expenditures, enhanced sustainability of the road investment program, and containing medium-term social expenditure pressures. The rest of this synthesis report is in five chapters. Chapter first summarizes the macroeconomic context and assesses trade-offs associated in balancing the overall composition of public expenditures. The second and third chapters illustrate policy options and implications associated with containing social expenditure pressures and improving effectiveness of health expenditures, respectively. Chapter fourth reviews the international experience in strengthening capital budgeting and provides options for consideration for Georgia. Finally, the fifth chapter discusses options associated with rebalancing road sector expenditures. 2013-02-12T17:33:38Z 2013-02-12T17:33:38Z 2012-11 http://documents.worldbank.org/curated/en/2012/11/17097163/georgia-public-expenditure-review-managing-expenditure-pressures-sustainability-growth http://hdl.handle.net/10986/12315 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Public Expenditure Review Economic & Sector Work Europe and Central Asia Georgia |