Description: Latvia - From Exuberance to Prudence : A Public Expenditure Review of Government Administration and the Social Sectors

Latvia - From Exuberance to Prudence : A Public Expenditure Review of Government Administration and the Social Sectors - Analytical Report

This public expenditure review (PER) was conducted at the request of the Ministry of Finance (MoF) on behalf of the Government of the Republic of Latvia. The objective of the PER is to identify potential areas of further budget savings in public ad...

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Bibliographic Details
Main Author:	World Bank
Language:	English
Published:	World Bank 2012
Subjects:	ADMINISTRATIVE COSTS ADMINISTRATIVE EXPENSES ADMINISTRATIVE FUNCTIONS ADMINISTRATIVE STRUCTURE AMALGAMATION ANNUAL AVERAGE RATE AUTOMATIC STABILIZERS BASELINE SCENARIO BENEFICIARIES BUDGET ALLOCATIONS BUDGET BALANCE BUDGET DEFICIT BUDGET DEFICITS BUDGET INSTITUTIONS BUDGET PREPARATION BUDGET PROCESS BUDGET REDUCTIONS BUDGET SYSTEM BUDGET TRANSFERS CAPITAL EXPENDITURE CAPITAL FLIGHT CDS CENTRAL BANK CENTRAL BUDGET CENTRAL CONTROLS CENTRAL GOVERNMENT CIVIL SERVANTS CIVIL SERVICE COMPETITIVE PROCUREMENT CORPORATE INCOME TAX CORPORATE PROFITS COST-BENEFIT ANALYSIS COST-RECOVERY CREDIT DEFAULT CREDIT DEFAULT SWAP CREDIT GROWTH CURRENCY CYCLICAL SWINGS DEBT DEBT SERVICING DEPENDENT POPULATION DOMESTIC DEMAND ECONOMIC CONDITIONS ECONOMIC DOWNTURN ECONOMIC DOWNTURNS ECONOMIC GROWTH ECONOMIES OF SCALE EDUCATION BUDGET EDUCATION POLICY EDUCATION PROGRAMS EFFICIENCY GAINS EXCHANGE RATE EXCHANGE RESERVES EXPENDITURE CUTS EXPENDITURE DATA EXPENDITURE LEVELS EXPENDITURE POLICIES EXPENDITURES EXTERNAL BORROWING EXTERNAL DEBT FINANCIAL CAPACITY FINANCIAL CRISIS FINANCIAL INTERMEDIATION FINANCIAL MARKETS FISCAL ACCOUNTS FISCAL ADJUSTMENT FISCAL BALANCE FISCAL CONSEQUENCES FISCAL CONSOLIDATION FISCAL COST FISCAL DEFICIT FISCAL DEFICITS FISCAL IMBALANCES FISCAL POLICY FISCAL POSITION FISCAL SAVINGS FISCAL STANCE FISCAL SUSTAINABILITY FISCAL TARGET FISCAL TARGETS FOREIGN DIRECT INVESTMENTS FOREIGN EXCHANGE GOVERNMENT DEFICIT GOVERNMENT EXPENDITURE GOVERNMENT FINANCE GOVERNMENT FUNDING GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GROSS FIXED CAPITAL FORMATION GROWTH RATE HEALTH CARE HEALTH INSURANCE HEALTH OUTCOMES HEALTH POLICY HEALTH PROBLEMS HEALTH SECTOR HEALTH SERVICES HEALTH SPENDING HOSPITAL SERVICES HUMAN DEVELOPMENT INFLATION INSURANCE MARKET INSURANCE PENSIONS INTEREST PAYMENTS INTEREST RATE INTEREST RATES LABOR TAXES LOCAL FINANCING LOCAL GOVERNMENT LOCAL GOVERNMENT BUDGETS LOCAL GOVERNMENT REVENUE LOCAL GOVERNMENT REVENUES LOCAL GOVERNMENTS LOTTERY MACROECONOMIC CONTROL MACROECONOMIC FRAMEWORK MACROECONOMIC MANAGEMENT MARKET PRICES MEDICAL SERVICES MEDICAL TREATMENT MINISTRY OF FINANCE MONETARY FUND MUNICIPAL GOVERNMENTS MUNICIPAL HOSPITALS MUNICIPALITIES NATIONAL GOVERNMENT NATURAL RESOURCES NET LENDING NET SPENDING OPERATIONAL COSTS PERSONAL INCOME PERSONAL INCOME TAX PERSONAL INCOME TAXES PERVERSE INCENTIVES PRIVATE INSURANCE PUBLIC ADMINISTRATION PUBLIC DEBT PUBLIC EMPLOYEES PUBLIC EMPLOYMENT PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCES PUBLIC FINANCIAL MANAGEMENT PUBLIC HEALTH PUBLIC PENSION PUBLIC PRIVATE PARTNERSHIPS PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR EMPLOYMENT PUBLIC SECTOR SPECIALIST PUBLIC SECTORS PUBLIC SERVICE PUBLIC SERVICES PUBLIC SPENDING PUBLIC TRANSPORT REAL ESTATE TAX RESOURCE MANAGEMENT REVENUE GROWTH REVENUE POLICY SAFETY NET SALES TAX SECTOR BUDGETS SECTOR POLICY SECTOR PROGRAMS SERVICE DELIVERY SERVICE LEVELS SERVICE PROVISION SMALL MUNICIPALITIES SOCIAL ASSISTANCE SOCIAL BENEFITS SOCIAL INSURANCE SOCIAL POLICY SOCIAL PROTECTION SOCIAL RETURN SOCIAL RETURNS SOCIAL SECURITY SOCIAL SECURITY CONTRIBUTIONS SOCIAL SERVICES SOCIAL WELFARE SOCIAL WELFARE SPENDING STATE AUDIT OFFICE STATE BUDGET STATE TAXES STRUCTURAL DEFICITS STRUCTURAL EXPENDITURE STRUCTURAL REFORM STRUCTURAL REFORMS SUB-NATIONAL GOVERNMENTS SUPPLEMENTAL FINANCING SUSTAINABLE FISCAL ADJUSTMENT TAX BASE TAX BURDEN TAX CUTS TAX POLICY TAX RATE TAX RATES TAX REFORM TAX REVENUE TAX REVENUES TAX STRUCTURE TAX SYSTEM TOTAL EXPENDITURE TOTAL SPENDING TOTAL TAX REVENUE UNINTENDED CONSEQUENCES
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=000333038_20111129234410 http://hdl.handle.net/10986/3009

Description
Summary:	This public expenditure review (PER) was conducted at the request of the Ministry of Finance (MoF) on behalf of the Government of the Republic of Latvia. The objective of the PER is to identify potential areas of further budget savings in public administration and the social sectors that could help restore fiscal balance, speed Latvia's recovery from the current crisis, and help it to meet the Maastricht Criteria by 2012 so it can adopt the Euro in 2014. The remainder of this volume is structured in the following way. Section two recounts the events and circumstances that set the Government's fiscal stance in the years prior to the crisis. Section three summarizes the principal emergency measures the Government took to cope during 2008 and 2009 as the crisis broke and led to Latvia's severe economic contraction. The purpose of these sections which draw liberally from material prepared by the financial authorities, the International Monetary Fund (IMF) and the European Central (EC) is to make the case for further fiscal adjustment plain. The report then summarizes the main messages and highlights the most important suggestions made in each of the longer, more detailed chapters of volume two of the review. Each section is followed by a matrix of the options presented for the Government to take into consideration. Given the important role that municipalities and republican cities play in the delivery of social services, the chapter three of volume two provides an in depth examination of local government finances and spending. Local authorities (municipalities and republican cities) play such a prominent role in the delivery of public services particularly social services that a close look at the character of their spending is critical.

Latvia - From Exuberance to Prudence : A Public Expenditure Review of Government Administration and the Social Sectors - Analytical Report

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