El Salvador - Public Expenditure Review : Enhancing the Efficiency and Targeting of Expenditures, Volume 2. Chapters and Statistical Tables
This Public Expenditure Review (PER), produced jointly by the World Bank and the Inter-American Development Bank (IADB), is an in-depth economic and sector report on El Salvador. The study builds on the analysis and recommendations of the PER deliv...
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Format: | Public Expenditure Review |
Language: | English en_US |
Published: |
Washington, DC
2013
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Online Access: | http://documents.worldbank.org/curated/en/2010/11/16242880/el-salvador-enhancing-efficiency-targeting-expenditures-public-expenditure-review-vol-2-2-chapters-statistical-tables http://hdl.handle.net/10986/12404 |
Summary: | This Public Expenditure Review (PER),
produced jointly by the World Bank and the Inter-American
Development Bank (IADB), is an in-depth economic and sector
report on El Salvador. The study builds on the analysis and
recommendations of the PER delivered in 2004 that concluded
that El Salvador faced the dual challenge of addressing
deteriorating fiscal trends while financing key investments
required to accelerate growth and meet pressing social
needs. This report is intended to provide the government
with practical and useful near-and medium-term
recommendations that will support the country's efforts
to ensure sustainable fiscal balances and establish
effective and transparent mechanisms to allocate public
resources to promote broad-based economic growth, improve
social indicators, and reduce poverty. Hence, the government
knows that El Salvador is faced with two fiscal challenges
that will have great influence on the economic performance
over the coming years. The first is the need to improve the
fiscal balance, by strengthening revenue and reducing
expenditure, to ensure medium-term sustainability. The
second is the need to finance priority investments required
to accelerate growth, reduce unemployment, and cover basic
social needs. Meeting both challenges simultaneously will
require great skill, given the still fragmented political
environment and the difficulties in creating a consensus on
future policies. The country needs to strengthen its fiscal
stance because not doing so jeopardizes the medium-term
macroeconomic framework, and exposes the country to greater
vulnerability in the face of external shocks and contingent liabilities. |
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