Public Expenditure Review for Peru : Spending for Results
The purpose of this Public Expenditure Review (PER) is to take stock of Peru's public expenditure since the last PER and identify the main challenges. The key underlying questions addressed are: (i) How did Peru's public expenditure and r...
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| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2012/06/17204328/peru-public-expenditure-review-peru-spending-results http://hdl.handle.net/10986/13253 |
| Summary: | The purpose of this Public Expenditure
Review (PER) is to take stock of Peru's public
expenditure since the last PER and identify the main
challenges. The key underlying questions addressed are: (i)
How did Peru's public expenditure and revenues develop
over the past decade? (ii) How have decentralization and the
shift towards results-based budgeting impacted this
development across levels of government and sectors? And,
(iii) to what extent are public expenditures allocatively
and technically efficient? This report aims to contribute to
the policy discussion in Peru about the broad challenges
faced by public expenditure. Since the last PER was prepared
in 2002, a number of important developments have affected
the management of public finances. First, the country has
engaged in a decentralization process in which regional and
local governments are increasingly assuming responsibilities
for public service delivery. Second, as fiscal discipline
was successfully restored, the policy focus shifted towards
improving the efficiency and quality of public spending; and
results-based budgeting has been gradually introduced to
support policy and expenditure decisions. In addition, the
increase in the level and volatility of the price of
minerals has highlighted issues related to natural resource
taxation and revenue sharing across different levels of
government. This report aims to speak to these issues to
help inform the policy debate on public expenditure in Peru. |
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