Malaysia Public Expenditures : Managing the Crisis; Challenging the Future

Malaysia achieved unprecedented economic growth and dramatic poverty reduction in the two decades prior to 1997. As a result, pressure on public expenditures was alleviated and when the regional financial crisis hit in 1997, the budget was in surpl...

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Bibliographic Details
Main Author:	World Bank
Format:	Public Expenditure Review
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCOUNTABILITY ACCOUNTING ACCOUNTING STANDARDS AGGREGATE DEMAND AGGREGATE SPENDING AGING AGING POPULATIONS AUTHORITY BALANCE OF PAYMENTS BASIC EDUCATION BUDGET DEFICIT BUDGET EXPENDITURES BUDGET LIABILITIES BUDGET PROCESS BUDGETARY EXPENDITURES CAPITAL FORMATION CASH FLOWS CENTRAL AGENCIES CENTRAL GOVERNMENT CHRONIC ILLNESSES COST MINIMIZATION CURRENCY UNIT DEBT FINANCING DECISION MAKING DECISION-MAKING DEVELOPING COUNTRIES DEVELOPMENT POLICY ECONOMIC ACTIVITY ECONOMIC COOPERATION ECONOMIC GROWTH ECONOMIC MANAGEMENT ECONOMIC RECOVERY EDUCATION EMPLOYMENT ENTITLEMENTS EXCHANGE RATE EXTERNAL SHOCKS FEDERAL GOVERNMENT FINANCIAL CRISIS FINANCIAL SECTOR FINANCIAL SUPPORT FINANCIAL VIABILITY FISCAL FISCAL BALANCE FISCAL BURDEN FISCAL DEFICIT FISCAL DISCIPLINE FISCAL MANAGEMENT FISCAL POLICY FISCAL STANCE FISCAL SURPLUS FISCAL SUSTAINABILITY FISCAL TRANSPARENCY FOREIGN DEBT GNP GOVERNMENT AGENCIES GOVERNMENT PROGRAMS GOVERNMENT SPENDING GOVERNMENTAL ORGANIZATION GROWTH RATE HEALTH HEALTH CARE HEALTH INDICATORS HEALTH INSURANCE HEALTH OUTCOMES HEALTH SERVICES HOSPITALS HOUSING HUMAN CAPITAL INCOME INCOME COUNTRIES INCOME DISTRIBUTION INCOME EFFECT INCOME GENERATION INCOME HOUSEHOLDS INCOME TAXES INFLATION INNOVATION INSURANCE LABOR MARKET LABOR MARKET POLICIES LACK OF TRANSPARENCY LOAN GUARANTEES MACROECONOMIC POLICIES MANAGERS MORTALITY NATIONAL POVERTY NATIONAL POVERTY LINE NEEDS ASSESSMENT PARTNERSHIP PENSION SYSTEM POLICY FRAMEWORK POLICY MEASURES POLICY REVIEW POLICY STATEMENT POVERTY ALLEVIATION POVERTY LINE POVERTY REDUCTION PRIMARY EDUCATION PRIVATE SECTOR PRIVATE SECTOR INVOLVEMENT PRODUCTIVITY PROVISIONS PUBLIC ACCOUNTABILITY PUBLIC DEBT PUBLIC EXPENDITURE PUBLIC EXPENDITURE ANALYSIS PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURES PUBLIC HEALTH PUBLIC HEALTH EXPENDITURES PUBLIC INSTITUTIONS PUBLIC INTERVENTIONS PUBLIC MANAGEMENT PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR FINANCE PUBLIC SERVICE PUBLIC SERVICES PUBLIC SPENDING REGIONAL DISPARITIES REGULATORY SYSTEM RESOURCE ALLOCATION RESOURCE USE REVENUE SOURCES RISK MANAGEMENT ROADS RURAL AREAS RURAL POOR SAFETY SAFETY NET SAVINGS SOCIAL INDICATORS SOCIAL PROTECTION SOCIAL SECTOR SOCIAL SECTORS STRUCTURE OF GOVERNMENT SUSTAINABILITY ANALYSIS TASK TEAM LEADER TAX TAX CUTS TAX RATE TAX REVENUES TERTIARY EDUCATION TRADEOFFS TRANSPARENCY TREASURY UNEMPLOYMENT URBAN AREAS URBAN POOR UTILITIES VULNERABLE GROUPS WAGES WORKERS PUBLIC EXPENDITURES ECONOMIC CRISIS FINANCIAL CRISES GOVERNMENT ROLE PUBLIC EXPENDITURES FOR HEALTH PUBLIC EXPENDITURES FOR EDUCATION INFRASTRUCTURE FISCAL DEFICITS CONTINGENT LIABILITY SOCIAL IMPACT MITIGATION MEASURES GOVERNANCE CABINET POLICY PERFORMANCE MANAGEMENT PLANS VAT TAX BASES PRIVATE SECTOR PARTICIPATION REGIONAL DISPARITY HIGHER EDUCATION SAFETY NET ACTIVITIES TOLL ROADS & HIGHWAYS INFRASTRUCTURE PRIVATIZATION URBAN TRANSPORT SANITATION POWER SECTOR
Online Access:	http://documents.worldbank.org/curated/en/2000/05/437419/malaysia-malaysia-public-expenditures-managing-crisis-challenging-future http://hdl.handle.net/10986/15186

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Summary:	Malaysia achieved unprecedented economic growth and dramatic poverty reduction in the two decades prior to 1997. As a result, pressure on public expenditures was alleviated and when the regional financial crisis hit in 1997, the budget was in surplus and public debt had fallen to around 30 percent in GDP. But the crisis brought to the fore issues in public expenditure management that might have remained of less significance in a fast-growing economy: large and increasing off-budget liabilities that could undermine fiscal prudence, accountability, and efficiency in the use of public resources. The government is rethinking its role in tertiary education, tertiary health care, social protection against income risk, and infrastructure. In these areas, there is a potential role for the private sector in provision and financing, and the government's role is gradually shifting from being a provider of these services to a financial supporter and a regulator. In this evolving public-private partnership, the goal of the government is to reduce the fiscal burden while ensuring equity in delivering public services and efficiency in allocating and using public resources. This public expenditure analysis aims to analyze fiscal issues arising from the crisis, gauge the government's public expenditure management system, and assess performance and future challenges in education, health, poverty reduction, and infrastructure.

Malaysia Public Expenditures : Managing the Crisis; Challenging the Future

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