Description: Republic of Latvia : Public Expenditure Review

Republic of Latvia : Public Expenditure Review

The purpose of this public expenditure review is 1) to present an overall diagnosis of public expenditure management, which the Government of Latvia can use in their policy reviews and budget oversight and management; and 2) to present a path for r...

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Bibliographic Details
Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	MACROECONOMIC POLICY STRUCTURAL REFORMS FISCAL POLICY ALLOCATION OF RESOURCES OPERATIONAL STRATEGIES BUDGET PROCESS RATIONING PUBLIC EXPENDITURES BUDGET MANAGEMENT REGULATORY FRAMEWORK COMPETITIVENESS ARREARAGES STRATEGIC PLANNING EDUCATIONAL FINANCING HEALTH EXPENDITURES GOVERNANCE CIVIL SERVICE FISCAL DEFICITS ACCOUNT ACCOUNTABILITY ACCOUNTABILITY MECHANISMS ACCOUNTING ACCOUNTS ACCOUNTS PAYABLE ALLOCATIVE EFFICIENCY ANTI-CORRUPTION AUDIT REPORTS AUDITING AUDITS BLOCK GRANTS BORROWING BUDGET ANALYSIS BUDGET EXECUTION BUDGET FORMULATION BUDGETARY SUPPORT BUDGETING BUSINESS SERVICES CAPITAL MARKETS CENTRAL AGENCIES CENTRAL GOVERNMENT CORRUPTION COUNCIL OF MINISTERS CPI CREDIT RATINGS CURRENCY UNIT DATA QUALITY DEFICITS DEPRECIATION DONOR COMMUNITY ECONOMIC COOPERATION ECONOMIC GROWTH ECONOMIC MANAGEMENT ECONOMIC PERFORMANCE ELECTRICITY EMPLOYMENT ENACTMENT ENTITLEMENTS EXCHANGE RATE EXECUTION EXPENDITURES FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL STATISTICS FINANCIAL SYSTEM FISCAL FISCAL BALANCE FISCAL CONTROL FISCAL DECENTRALIZATION FISCAL DEFICIT FISCAL DISCIPLINE FISCAL MANAGEMENT FISCAL PERFORMANCE FISCAL STANCE FISCAL TRANSPARENCY FISHING FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT GOVERNMENT AGENCIES GOVERNMENT BONDS GOVERNMENT REVENUE GROSS DOMESTIC PRODUCT HEADCOUNT INDEX HEALTH CARE HEALTH INSURANCE HOUSING HUMAN DEVELOPMENT HUMAN RESOURCE HUMAN RESOURCE MANAGEMENT HUMAN RESOURCES HUMAN RESOURCES DEVELOPMENT IMPORTS INCOME INFLATION INSURANCE INTEREST RATES INTERNAL AUDIT LABOR MARKET LEGISLATION LOCAL GOVERNMENT LOCAL GOVERNMENTS MACROECONOMIC CONDITIONS MACROECONOMIC FRAMEWORK MACROECONOMIC PERFORMANCE MACROECONOMIC STABILITY MANUFACTURING SECTOR MINISTRY OF FINANCE NATIONS NATURAL RESOURCES OIL OIL PRICES PENSION SYSTEM POLICY DECISIONS POLICY GOALS POLICY OPTIONS POLICY PROCESS POLICY REVIEW POLICY STATEMENT POLITICAL CONSENSUS POVERTY ASSESSMENT POVERTY HEADCOUNT POVERTY REDUCTION PRICE STABILITY PRIORITY AREAS PRIVATE SECTOR PRIVATIZATION AGENCY PROGRAM BUDGETING PROPERTY RIGHTS PUBLIC ADMINISTRATION PUBLIC AFFAIRS PUBLIC AGENCY PUBLIC DEBT PUBLIC EDUCATION PUBLIC EXPENDITURE PUBLIC EXPENDITURE ANALYSIS PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE REVIEW PUBLIC INSTITUTIONS PUBLIC MANAGEMENT PUBLIC PROCUREMENT PUBLIC SECTOR PUBLIC SECTOR MANAGEMENT PUBLIC SECTOR REFORM PUBLIC SERVICES PUBLIC SPENDING REPORTING SAVINGS SECTORAL ALLOCATIONS SECTORAL COMPOSITION SERVICE DELIVERY SOCIAL INDICATORS SOCIAL PROTECTION STATE AGENCIES STATE BUDGET STATE ENTERPRISES STRUCTURAL ADJUSTMENT TASK TEAM LEADER TAX TAX ARREARS TAX REVENUES TRANSITION PROCESS TRANSPARENCY TREASURY UNEMPLOYMENT UTILITIES WAGES WASTE MANAGEMENT
Online Access:	http://documents.worldbank.org/curated/en/2002/02/1723014/latvia-public-expenditure-review http://hdl.handle.net/10986/14601

Description
Summary:	The purpose of this public expenditure review is 1) to present an overall diagnosis of public expenditure management, which the Government of Latvia can use in their policy reviews and budget oversight and management; and 2) to present a path for reforms in the short and medium term that will help the authorities set a track toward meeting some of the key long-term objectives already endorsed by the Government. The report is organized as follows: After the Introduction, Chapter 2 assesses recent macroeconomic developments and structural reforms in Latvia. The focus is on dynamic of growth, the fiscal stance, and the external accounts. Chapter 3 examines fiscal performance within an aggregate budget constraint. It shows that, in principle, Latvia has had an excellent record in fiscal restraint, as measured by the progressive reduction in the fiscal deficit since 1994. However, this achievement has required expenditure adjustments during the year, which has produced adverse effects on expenditure management. Chapter 4 reviews the budget process, highlighting weak planning, poor policy formulation, incremental budgeting and commitments, and unfunded policy proprosals that all lead to over-commitments and limit performance of programs. Chapter 5 assesses the public expenditure performance based on available evidence and examples from the sector analysis. Chapter 6 examines the rules for improving transparency and accountability. Lastly, Chapter 7 summarizes the report findings.

Republic of Latvia : Public Expenditure Review

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