Bangladesh - Public Expenditure and Institutional Review : Towards a Better Quality of Public Expenditure - Main Report

Bangladesh has recorded many impressive achievements in economic and social development in the last decade and a half. It has achieved steady economic growth of over 5.5 percent annually (over 6 percent on average since 2004), maintained relatively...

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Main Author:	World Bank
Format:	Public Expenditure Review
Language:	English
Published:	World Bank 2012
Subjects:	BUDGETING DOMESTIC DEBT ECONOMIC GROWTH EXPENDITURE CONTROLS INCOME POVERTY REDUCTION INFLATION PUBLIC FINANCIAL MANAGEMENT REFORM SOCIAL INDICATOR IMPROVEMENT
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20100716000005 http://hdl.handle.net/10986/2875

id	okr-10986-2875
recordtype	oai_dc
spelling	okr-10986-28752021-04-23T14:02:05Z Bangladesh - Public Expenditure and Institutional Review : Towards a Better Quality of Public Expenditure - Main Report World Bank BUDGETING DOMESTIC DEBT ECONOMIC GROWTH EXPENDITURE CONTROLS INCOME POVERTY REDUCTION INFLATION PUBLIC FINANCIAL MANAGEMENT REFORM SOCIAL INDICATOR IMPROVEMENT Bangladesh has recorded many impressive achievements in economic and social development in the last decade and a half. It has achieved steady economic growth of over 5.5 percent annually (over 6 percent on average since 2004), maintained relatively low inflation and stable levels of domestic debt. More remarkable have been its achievements in reducing income poverty and improving social indicators, such as life expectancy, fertility control, child mortality, literacy and enrollment rates, which, in many cases, exceed other countries in the region and outside. In addition to standard expenditure policy analysis typically associated with Public Expenditure Reviews (PERs), this study combines an assessment of key institutional elements that are likely to affect budget outcomes with political economy analysis of the budget institutions, in order to discover the underlying reasons behind the existing equilibrium. While the Public Expenditure and Institutional Review (PEIR) does not include a description of the technical aspects of Public Financial Management (PFM) institutions, it makes use of the numerous studies that exist in this area to illustrate their effect on incentives. This approach is motivated by Bangladesh's long journey of 14 years towards reforming PFM systems, which is yet to result in a fundamental break with past practices of input-oriented incremental budgeting and relatively weak expenditure controls, especially at the sector-specific level. This requires different thinking and an approach aimed at addressing the incentive structure of those who can influence more fundamental reforms in PFM. 2012-03-19T10:23:27Z 2012-03-19T10:23:27Z 2010-06-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20100716000005 http://hdl.handle.net/10986/2875 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank Economic & Sector Work :: Public Expenditure Review South Asia South Asia Asia Bangladesh
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	BUDGETING DOMESTIC DEBT ECONOMIC GROWTH EXPENDITURE CONTROLS INCOME POVERTY REDUCTION INFLATION PUBLIC FINANCIAL MANAGEMENT REFORM SOCIAL INDICATOR IMPROVEMENT
spellingShingle	BUDGETING DOMESTIC DEBT ECONOMIC GROWTH EXPENDITURE CONTROLS INCOME POVERTY REDUCTION INFLATION PUBLIC FINANCIAL MANAGEMENT REFORM SOCIAL INDICATOR IMPROVEMENT World Bank Bangladesh - Public Expenditure and Institutional Review : Towards a Better Quality of Public Expenditure - Main Report
geographic_facet	South Asia South Asia Asia Bangladesh
description	Bangladesh has recorded many impressive achievements in economic and social development in the last decade and a half. It has achieved steady economic growth of over 5.5 percent annually (over 6 percent on average since 2004), maintained relatively low inflation and stable levels of domestic debt. More remarkable have been its achievements in reducing income poverty and improving social indicators, such as life expectancy, fertility control, child mortality, literacy and enrollment rates, which, in many cases, exceed other countries in the region and outside. In addition to standard expenditure policy analysis typically associated with Public Expenditure Reviews (PERs), this study combines an assessment of key institutional elements that are likely to affect budget outcomes with political economy analysis of the budget institutions, in order to discover the underlying reasons behind the existing equilibrium. While the Public Expenditure and Institutional Review (PEIR) does not include a description of the technical aspects of Public Financial Management (PFM) institutions, it makes use of the numerous studies that exist in this area to illustrate their effect on incentives. This approach is motivated by Bangladesh's long journey of 14 years towards reforming PFM systems, which is yet to result in a fundamental break with past practices of input-oriented incremental budgeting and relatively weak expenditure controls, especially at the sector-specific level. This requires different thinking and an approach aimed at addressing the incentive structure of those who can influence more fundamental reforms in PFM.
format	Economic & Sector Work :: Public Expenditure Review
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Bangladesh - Public Expenditure and Institutional Review : Towards a Better Quality of Public Expenditure - Main Report
title_short	Bangladesh - Public Expenditure and Institutional Review : Towards a Better Quality of Public Expenditure - Main Report
title_full	Bangladesh - Public Expenditure and Institutional Review : Towards a Better Quality of Public Expenditure - Main Report
title_fullStr	Bangladesh - Public Expenditure and Institutional Review : Towards a Better Quality of Public Expenditure - Main Report
title_full_unstemmed	Bangladesh - Public Expenditure and Institutional Review : Towards a Better Quality of Public Expenditure - Main Report
title_sort	bangladesh - public expenditure and institutional review : towards a better quality of public expenditure - main report
publisher	World Bank
publishDate	2012
url	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20100716000005 http://hdl.handle.net/10986/2875
_version_	1764386085512675328

Bangladesh - Public Expenditure and Institutional Review : Towards a Better Quality of Public Expenditure - Main Report

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