Serbia - Doing More with Less : Addressing the Fiscal Crisis by Increasing Public Sector Productivity
With its economy disrupted by the global economic crisis, the Serbian government faces tight budget constraints for several years to come. The Government has already responded by freezing wages and pension benefits and making cuts in capital works...
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Format: | Public Expenditure Review |
Language: | English |
Published: |
World Bank
2012
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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_20090707000301 http://hdl.handle.net/10986/3061 |
Summary: | With its economy disrupted by the global
economic crisis, the Serbian government faces tight budget
constraints for several years to come. The Government has
already responded by freezing wages and pension benefits and
making cuts in capital works and other discretionary
spending. These measures, while effective in the short term,
are not necessarily sustainable over time. This report looks
at more fundamental reforms in key public services, in order
to identify opportunities for constraining expenditures
through improvements in productivity. In 2010, the principal
expenditure savings will instead continue to come from short
term controls over expenditure aggregates: the freeze on
pensions and wages and cuts in discretionary spending and
capital works. The impact of the efficiency measures in this
report will take more time to materialize. The Government
should, nevertheless, make an immediate start. While the
fiscal impact of these reforms will be evident over the
medium term, their most important impact will be on the
quality of public services. The reforms will stand Serbia in
good stead even after economic growth resumes. |
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