Republic of Armenia Programmatic Fiscal Work : Supporting Effective Fiscal Management
The objective of this report, which is the third in a series of programmatic public expenditure reviews (PPER), is to identify potential measures to strengthen public finances in line with the Government’s strategy to reduce fiscal risks and suppor...
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/958421481287940209/Republic-of-Armenia-programmatic-fiscal-work-supporting-effective-fiscal-management http://hdl.handle.net/10986/25771 |
| Summary: | The objective of this report, which is
the third in a series of programmatic public expenditure
reviews (PPER), is to identify potential measures to
strengthen public finances in line with the Government’s
strategy to reduce fiscal risks and support budgetary
consolidation. The PPER series assesses public expenditures
and their alignment with development goals. For this phase
of the PPER, three areas were identified with the Government
as absent from previous reports yet of particular relevance
given growing spending pressures. The first is efficiency of
government spending on social sectors and public investment,
where efficiency is defined in terms of outcomes achieved.
The second area of relevance encompasses quasi-fiscal risks
and contingent liabilities of the energy sector. The third
area pertains to selected subsidies, which are budgeted to
rise exponentially in 2016. This report is anchored in the
Country Partnership Strategy (CPS) pillars of improving
governance, efficiency of public administration, and service
delivery. This report is divided into three chapters, each
covering the very distinct fields of fiscal management
identified above: (i) first chapter covers on Macroeconomic
and Fiscal Challenges; (ii) second chapter focuses on
Quasi-Fiscal Pressures of the Energy Sector; and (iii) third
chapter deals with the Assessment of Explicit Budget
Subsidies. The report employs highly discrete conceptual and
analytic frameworks for each of the analyzed areas in order
to draw conclusions and provide recommendations. |
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