Pakistan - Public Expenditure Management : Strategic Issues and Reform Agenda
This report focuses principally on three key dimensions of better public expenditure management in Pakistan. First, it is paramount to continue financial discipline and reduce the overall size of the public sector deficit, including the sizable los...
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| Format: | Public Expenditure Review |
| Language: | English |
| Published: |
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2004/01/2884917/pakistan-public-expenditure-management-strategic-issues-reform-agenda-vol-1-2-strategic-issues-reform-agenda http://hdl.handle.net/10986/14679 |
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okr-10986-14679 |
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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 |
| topic |
ACCOUNTABILITY ADB AGRICULTURE AUDITING BENCHMARK BONDS BORROWING CAPITAL FLIGHT CITIZENS CIVIL SERVICE CIVIL SERVICE REFORMS COMMERCIAL BANKS COMPETITIVENESS CONSENSUS CONSUMERS CORRUPTION COUNCILS DEBT DEBT MANAGEMENT DECENTRALIZATION DEVOLUTION DISTRICTS DOMESTIC BORROWING ECONOMIC DEVELOPMENT ECONOMIC FACTORS ECONOMIC GROWTH ECONOMIC REFORM EFFECTIVE USE ELECTRICITY EXCHANGE RATE EXPORTS FEDERAL FINANCE FEDERAL GOVERNMENT FINANCIAL CONSTRAINTS FINANCIAL CRISIS FINANCIAL MANAGEMENT FINANCIAL SECTOR FISCAL FISCAL DEFICITS FISCAL DISCIPLINE FISCAL POLICIES FISCAL REFORMS FOREIGN TRADE GDP GOVERNMENT AUTHORITIES GOVERNMENT BORROWING GOVERNMENT OFFICIALS GOVERNMENT REVENUE GOVERNMENT REVENUES GOVERNMENT SPENDING GROWTH RATE HEALTH SERVICES HOUSING HUMAN RESOURCES HUMAN RESOURCES DEVELOPMENT INCOME INCOME LEVELS INFLATION INFLATION RATE INSTITUTIONAL CAPACITY INSTITUTIONAL INVESTORS INSTITUTIONAL REFORMS INTEREST RATES INTERNAL CASH GENERATION INVESTMENT CLIMATE MACROECONOMIC STABILITY MINISTRY OF FINANCE NDP NOMINAL INTEREST RATES OIL OPPORTUNITY COST PER CAPITA INCOMES PRESENT VALUE PRIVATE GOODS PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PRIVATIZATION PRODUCERS PUBLIC DEBT PUBLIC EMPLOYMENT PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE PRIORITIES PUBLIC EXPENDITURES PUBLIC FINANCES PUBLIC FINANCING PUBLIC GOODS PUBLIC INSTITUTIONS PUBLIC INVESTMENT PUBLIC RESOURCES PUBLIC SAVINGS PUBLIC SECTOR PUBLIC SECTOR EMPLOYMENT PUBLIC SECTOR EXPENDITURES PUBLIC SECTOR MANAGEMENT PUBLIC SERVICES PUBLIC SPENDING REGULATORY AUTHORITY RESOURCE MOBILIZATION REVENUE COLLECTION REVENUE MOBILIZATION SAVINGS SOCIAL POLICIES SOCIAL SECTORS SOCIAL SERVICES STATE ENTERPRISES SUSTAINABLE GROWTH TAX TAX COLLECTION TAX EXEMPTIONS TAX POLICY TAX REVENUE TAXATION TECHNOLOGICAL CHANGE TOTAL REVENUE TRADE LIBERALIZATION TRADE TAXES TRANSPORT VALUE ADDED WATER SUPPLY PUBLIC EXPENDITURE MANAGEMENT PUBLIC SECTOR PUBLIC EXPENDITURE FISCAL DEFICITS PUBLIC ENTERPRISES PUBLIC DEBT REVENUE MOBILIZATION HEALTH ISSUES TAXATION TRADE INCOME TAX GROSS DOMESTIC PRODUCT PUBLIC SPENDING DEFICIT GOVERNMENT BORROWING ECONOMIC REFORMS ECONOMIC GROWTH EXPORTS GOVERNMENT REVENUES LIABILITIES EXTERNAL BORROWING POVERTY REDUCTION PRIVATE INVESTMENT MACROECONOMICS |
| spellingShingle |
ACCOUNTABILITY ADB AGRICULTURE AUDITING BENCHMARK BONDS BORROWING CAPITAL FLIGHT CITIZENS CIVIL SERVICE CIVIL SERVICE REFORMS COMMERCIAL BANKS COMPETITIVENESS CONSENSUS CONSUMERS CORRUPTION COUNCILS DEBT DEBT MANAGEMENT DECENTRALIZATION DEVOLUTION DISTRICTS DOMESTIC BORROWING ECONOMIC DEVELOPMENT ECONOMIC FACTORS ECONOMIC GROWTH ECONOMIC REFORM EFFECTIVE USE ELECTRICITY EXCHANGE RATE EXPORTS FEDERAL FINANCE FEDERAL GOVERNMENT FINANCIAL CONSTRAINTS FINANCIAL CRISIS FINANCIAL MANAGEMENT FINANCIAL SECTOR FISCAL FISCAL DEFICITS FISCAL DISCIPLINE FISCAL POLICIES FISCAL REFORMS FOREIGN TRADE GDP GOVERNMENT AUTHORITIES GOVERNMENT BORROWING GOVERNMENT OFFICIALS GOVERNMENT REVENUE GOVERNMENT REVENUES GOVERNMENT SPENDING GROWTH RATE HEALTH SERVICES HOUSING HUMAN RESOURCES HUMAN RESOURCES DEVELOPMENT INCOME INCOME LEVELS INFLATION INFLATION RATE INSTITUTIONAL CAPACITY INSTITUTIONAL INVESTORS INSTITUTIONAL REFORMS INTEREST RATES INTERNAL CASH GENERATION INVESTMENT CLIMATE MACROECONOMIC STABILITY MINISTRY OF FINANCE NDP NOMINAL INTEREST RATES OIL OPPORTUNITY COST PER CAPITA INCOMES PRESENT VALUE PRIVATE GOODS PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PRIVATIZATION PRODUCERS PUBLIC DEBT PUBLIC EMPLOYMENT PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE PRIORITIES PUBLIC EXPENDITURES PUBLIC FINANCES PUBLIC FINANCING PUBLIC GOODS PUBLIC INSTITUTIONS PUBLIC INVESTMENT PUBLIC RESOURCES PUBLIC SAVINGS PUBLIC SECTOR PUBLIC SECTOR EMPLOYMENT PUBLIC SECTOR EXPENDITURES PUBLIC SECTOR MANAGEMENT PUBLIC SERVICES PUBLIC SPENDING REGULATORY AUTHORITY RESOURCE MOBILIZATION REVENUE COLLECTION REVENUE MOBILIZATION SAVINGS SOCIAL POLICIES SOCIAL SECTORS SOCIAL SERVICES STATE ENTERPRISES SUSTAINABLE GROWTH TAX TAX COLLECTION TAX EXEMPTIONS TAX POLICY TAX REVENUE TAXATION TECHNOLOGICAL CHANGE TOTAL REVENUE TRADE LIBERALIZATION TRADE TAXES TRANSPORT VALUE ADDED WATER SUPPLY PUBLIC EXPENDITURE MANAGEMENT PUBLIC SECTOR PUBLIC EXPENDITURE FISCAL DEFICITS PUBLIC ENTERPRISES PUBLIC DEBT REVENUE MOBILIZATION HEALTH ISSUES TAXATION TRADE INCOME TAX GROSS DOMESTIC PRODUCT PUBLIC SPENDING DEFICIT GOVERNMENT BORROWING ECONOMIC REFORMS ECONOMIC GROWTH EXPORTS GOVERNMENT REVENUES LIABILITIES EXTERNAL BORROWING POVERTY REDUCTION PRIVATE INVESTMENT MACROECONOMICS World Bank Pakistan - Public Expenditure Management : Strategic Issues and Reform Agenda |
| geographic_facet |
South Asia South Asia Pakistan |
| relation |
Public expenditure review (PER) |
| description |
This report focuses principally on three
key dimensions of better public expenditure management in
Pakistan. First, it is paramount to continue financial
discipline and reduce the overall size of the public sector
deficit, including the sizable losses of public enterprises.
The modest progress made in reducing the government's
fiscal deficit during the past few years has been undermined
by the persistence of high level of losses of public
enterprises, especially Water and Power Development
Authority (WAPDA), and Karachi Electricity Supply Company
(KESC). To reduce the unsustainable burden of public debt,
the fiscal deficit, which has averaged 5.5 percent of GDP
(excluding grants) and 3.4 percent (including grants) during
the past three years, must be brought down further.
Provision needs to be made for the large and continuing
public enterprise losses and unfunded contingent liabilities
of the public sector. A strong and successful government
revenue mobilization effort, which will gradually raise the
ratio of revenues from 17 percent of GDP (FY02) to say 20
percent over the next decade, remains central to restoring
Pakistan's fiscal health. But as the experience of the
past few years shows, the structural weakness in the
taxation structure (relatively heavy dependence on trade
taxes) and the institutional weaknesses in the tax
collection machinery (especially on the income tax side)
will continue to dampen revenue growth for some time. Thus
it will be prudent to assume, at best, only moderate growth
in the ratio of government revenues to GDP over the next
five years. Even on the assumption of a steady increase in
the ratio of government revenue to GDP, the growth in
overall public spending in real terms will be modest over
the next few years because of the need to reduce the deficit
further and to fund public enterprise losses and contingent
liabilities. Indeed, in the medium term overall public
spending as a proportion of GDP is unlikely to increase from
the level of 22 percent witnessed in recent years, even if
grant assistance remains at a relatively high level. |
| format |
Economic & Sector Work :: Public Expenditure Review |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Pakistan - Public Expenditure
Management : Strategic Issues and Reform Agenda |
| title_short |
Pakistan - Public Expenditure
Management : Strategic Issues and Reform Agenda |
| title_full |
Pakistan - Public Expenditure
Management : Strategic Issues and Reform Agenda |
| title_fullStr |
Pakistan - Public Expenditure
Management : Strategic Issues and Reform Agenda |
| title_full_unstemmed |
Pakistan - Public Expenditure
Management : Strategic Issues and Reform Agenda |
| title_sort |
pakistan - public expenditure
management : strategic issues and reform agenda |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2004/01/2884917/pakistan-public-expenditure-management-strategic-issues-reform-agenda-vol-1-2-strategic-issues-reform-agenda http://hdl.handle.net/10986/14679 |
| _version_ |
1764428398602485760 |
| spelling |
okr-10986-146792021-04-23T14:03:17Z Pakistan - Public Expenditure Management : Strategic Issues and Reform Agenda World Bank ACCOUNTABILITY ADB AGRICULTURE AUDITING BENCHMARK BONDS BORROWING CAPITAL FLIGHT CITIZENS CIVIL SERVICE CIVIL SERVICE REFORMS COMMERCIAL BANKS COMPETITIVENESS CONSENSUS CONSUMERS CORRUPTION COUNCILS DEBT DEBT MANAGEMENT DECENTRALIZATION DEVOLUTION DISTRICTS DOMESTIC BORROWING ECONOMIC DEVELOPMENT ECONOMIC FACTORS ECONOMIC GROWTH ECONOMIC REFORM EFFECTIVE USE ELECTRICITY EXCHANGE RATE EXPORTS FEDERAL FINANCE FEDERAL GOVERNMENT FINANCIAL CONSTRAINTS FINANCIAL CRISIS FINANCIAL MANAGEMENT FINANCIAL SECTOR FISCAL FISCAL DEFICITS FISCAL DISCIPLINE FISCAL POLICIES FISCAL REFORMS FOREIGN TRADE GDP GOVERNMENT AUTHORITIES GOVERNMENT BORROWING GOVERNMENT OFFICIALS GOVERNMENT REVENUE GOVERNMENT REVENUES GOVERNMENT SPENDING GROWTH RATE HEALTH SERVICES HOUSING HUMAN RESOURCES HUMAN RESOURCES DEVELOPMENT INCOME INCOME LEVELS INFLATION INFLATION RATE INSTITUTIONAL CAPACITY INSTITUTIONAL INVESTORS INSTITUTIONAL REFORMS INTEREST RATES INTERNAL CASH GENERATION INVESTMENT CLIMATE MACROECONOMIC STABILITY MINISTRY OF FINANCE NDP NOMINAL INTEREST RATES OIL OPPORTUNITY COST PER CAPITA INCOMES PRESENT VALUE PRIVATE GOODS PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PRIVATIZATION PRODUCERS PUBLIC DEBT PUBLIC EMPLOYMENT PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE PRIORITIES PUBLIC EXPENDITURES PUBLIC FINANCES PUBLIC FINANCING PUBLIC GOODS PUBLIC INSTITUTIONS PUBLIC INVESTMENT PUBLIC RESOURCES PUBLIC SAVINGS PUBLIC SECTOR PUBLIC SECTOR EMPLOYMENT PUBLIC SECTOR EXPENDITURES PUBLIC SECTOR MANAGEMENT PUBLIC SERVICES PUBLIC SPENDING REGULATORY AUTHORITY RESOURCE MOBILIZATION REVENUE COLLECTION REVENUE MOBILIZATION SAVINGS SOCIAL POLICIES SOCIAL SECTORS SOCIAL SERVICES STATE ENTERPRISES SUSTAINABLE GROWTH TAX TAX COLLECTION TAX EXEMPTIONS TAX POLICY TAX REVENUE TAXATION TECHNOLOGICAL CHANGE TOTAL REVENUE TRADE LIBERALIZATION TRADE TAXES TRANSPORT VALUE ADDED WATER SUPPLY PUBLIC EXPENDITURE MANAGEMENT PUBLIC SECTOR PUBLIC EXPENDITURE FISCAL DEFICITS PUBLIC ENTERPRISES PUBLIC DEBT REVENUE MOBILIZATION HEALTH ISSUES TAXATION TRADE INCOME TAX GROSS DOMESTIC PRODUCT PUBLIC SPENDING DEFICIT GOVERNMENT BORROWING ECONOMIC REFORMS ECONOMIC GROWTH EXPORTS GOVERNMENT REVENUES LIABILITIES EXTERNAL BORROWING POVERTY REDUCTION PRIVATE INVESTMENT MACROECONOMICS This report focuses principally on three key dimensions of better public expenditure management in Pakistan. First, it is paramount to continue financial discipline and reduce the overall size of the public sector deficit, including the sizable losses of public enterprises. The modest progress made in reducing the government's fiscal deficit during the past few years has been undermined by the persistence of high level of losses of public enterprises, especially Water and Power Development Authority (WAPDA), and Karachi Electricity Supply Company (KESC). To reduce the unsustainable burden of public debt, the fiscal deficit, which has averaged 5.5 percent of GDP (excluding grants) and 3.4 percent (including grants) during the past three years, must be brought down further. Provision needs to be made for the large and continuing public enterprise losses and unfunded contingent liabilities of the public sector. A strong and successful government revenue mobilization effort, which will gradually raise the ratio of revenues from 17 percent of GDP (FY02) to say 20 percent over the next decade, remains central to restoring Pakistan's fiscal health. But as the experience of the past few years shows, the structural weakness in the taxation structure (relatively heavy dependence on trade taxes) and the institutional weaknesses in the tax collection machinery (especially on the income tax side) will continue to dampen revenue growth for some time. Thus it will be prudent to assume, at best, only moderate growth in the ratio of government revenues to GDP over the next five years. Even on the assumption of a steady increase in the ratio of government revenue to GDP, the growth in overall public spending in real terms will be modest over the next few years because of the need to reduce the deficit further and to fund public enterprise losses and contingent liabilities. Indeed, in the medium term overall public spending as a proportion of GDP is unlikely to increase from the level of 22 percent witnessed in recent years, even if grant assistance remains at a relatively high level. 2013-07-30T22:10:00Z 2013-07-30T22:10:00Z 2004-01-28 http://documents.worldbank.org/curated/en/2004/01/2884917/pakistan-public-expenditure-management-strategic-issues-reform-agenda-vol-1-2-strategic-issues-reform-agenda http://hdl.handle.net/10986/14679 English Public expenditure review (PER) CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Economic & Sector Work :: Public Expenditure Review Economic & Sector Work South Asia South Asia Pakistan |