Peru Public Expenditure Review
This Public Expenditure Review (PER) was prepared at the request of Peru’s Ministry of Economy and Finance (MEF).The PER offers analysis, options for reform, and measures in selected areas and sectors to achieve efficiency gains and fiscal savings...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/827521524133820847/Peru-Public-expenditure-review http://hdl.handle.net/10986/29705 |
| Summary: | This Public Expenditure Review (PER) was
prepared at the request of Peru’s Ministry of Economy and
Finance (MEF).The PER offers analysis, options for reform,
and measures in selected areas and sectors to achieve
efficiency gains and fiscal savings (where possible), while
improving (at least not harming) equity. In the context of
less favorable external environment, public finance is one
of the critical issues that has come to the fore. The
gradual fiscal consolidation process initiated offers a
unique opportunity to carry out important fiscal and
sectoral reforms. Preserve the hard-won gains of sound
fiscal policy. This report consists of two parts; Part I
focuses on the cross-cutting issues and challenges. The
macro-fiscal chapter examines revenue and expenditure
trends, provides a fiscal sustainability analysis and an
assessment of contingent liabilities. It discusses relevant
crosscutting fiscal issues, expenditure rigidities, revenue
challenges, and areas to improve the multiannual
macroeconomic framework (MMF). The public procurement
chapter evaluates procurement practices applied by all
government bodies in the budget. It uses the strategic
sourcing methodology and data from Peru’s procurement
platform which for the purposes of this analysis has been
merged with the budget accounting system (SEAF). It
identifies significant fiscal savings and efficiency gains,
many of which are relatively easy to achieve. Part II
identifies areas for efficiency gains and potential fiscal
savings in five selected sectors. These sectors include
water and sanitation, health, education, citizen security,
and transport. They account for a significant share of the
budget and represent a substantial share of public service
delivery. These chapters provide several approaches and
perspectives in looking at technical and allocative
efficiency. The PER identifies at least 1.4 percent of GDP
in fiscal savings that arise from efficiency reforms and
measures across the areas examined. |
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