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Liberia Public Expenditure Review : Options for Fiscal Space Enlargement

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World Bank (WB)

Abstract: Liberia's post-conflict reconstruction and rehabilitation has been successful. Peace, stability and security gradually returned and provided an enabling environment for the rebuilding of this war-torn country. Over the next five years (2013-2017), the Bank will focus on building infrastructure (energy and transport), increasing youth employment opportunities, strengthening human development and sustaining peace and security. This note considers how to increase Liberia s fiscal space by examining four options: 1) improving the efficiency of public expenditure, 2) increasing external grants, 3) increasing domestic revenue, and 4) increasing borrowing (domestic and/or external). While any increase in fiscal space gained from the first two options will not impose a burden in terms of debt or tax on the economy, the latter two will impose such burdens. In its examination of public expenditure by economic classification, this note finds that fiscal space in Liberia can be created by further improving the technical efficiency of current expenditure (wages and salaries, goods and services and transfers to state owned enterprises). However, the size of the fiscal space gained from these measures is difficult to pinpoint.
Type: Economic & Sector Work :: Public Expenditure Review
Economic & Sector Work
Link: http://hdl.handle.net/10986/16779
Subject: ACCOUNTING
AIR
AIR TICKETS
AIR TRANSPORT
AIRPORT
AIRPORT AUTHORITY
AIRPORTS
ALLOCATION
BAGGAGE
BALANCE OF PAYMENTS
BALANCE SHEETS
BASIC SOCIAL SERVICES
BOTTLENECKS
BUDGET
BUDGET DOCUMENTS
BUDGET EXECUTION
BUDGET REPORT
BUDGET SUPPORT
BUDGET TRANSFERS
BUDGETARY IMPACTS
BUDGETS
BUS
CAPITAL BUDGET
CAPITAL EXPENDITURE
CAPITAL INVESTMENT
CAPITAL INVESTMENTS
CAPITAL SPENDING
CAR
CAR OWNERSHIP
CARS
CASH BALANCE
CIVIL SERVANTS
CIVIL SERVICE
CIVIL SERVICE AGENCY
COMMODITY PRICES
COMPOSITION OF PUBLIC SPENDING
COST EFFECTIVENESS
COST RECOVERY
COST-BENEFIT ANALYSIS
CREDIT FACILITY
DEBT
DEBT MANAGEMENT
DEBT RELIEF
DEBT SUSTAINABILITY
DIESEL
DOMESTIC BORROWING
DOMESTIC DEMAND
DOMESTIC REVENUE
DOMESTIC TAX
DOMESTIC TRAVEL
DONOR COORDINATION
DRIVERS
ECONOMIC CLASSIFICATION
ECONOMIC DOWNTURN
ECONOMIC GROWTH
ECONOMIC STABILIZATION
EDUCATION SERVICES
EFFICIENCY OF EXPENDITURE
EFFICIENCY OF PUBLIC SPENDING
ENTITLEMENTS
EXCHANGE RATE
EXPENDITURE CUTS
EXPENDITURE POLICIES
EXPENDITURE POLICY
EXPENDITURE PROGRAMS
EXPENDITURES
EXTERNAL BORROWING
EXTERNAL DEBT
EXTERNAL GRANTS
FINANCIAL MANAGEMENT
FINANCIAL MANAGEMENT INFORMATION
FINANCIAL MANAGEMENT INFORMATION SYSTEM
FINANCIAL MARKET
FINANCIAL SECTOR
FINANCIAL STATISTICS
FISCAL BALANCE
FISCAL DEFICIT
FISCAL POLICY
FISCAL SUSTAINABILITY
FISCAL TRANSFERS
FISCAL YEAR
FLEET MANAGEMENT
FLEETS
FOREIGN BORROWING
FOREIGN CURRENCY
FOREIGN DEBT
FOREIGN GRANTS
FOREIGN RESERVES
FUEL
FUEL CONSUMPTION
FUEL PRICES
GASOLINE
GOVERNMENT REVENUE
GOVERNMENT REVENUES
GRANTS
GROSS DOMESTIC PRODUCT
HEALTH WORKERS
HIGH TRANSPORT
INCOME DISTRIBUTION
INCOME TAX
INFLATION
INFLATIONARY PRESSURES
INFRASTRUCTURE
INFRASTRUCTURE INVESTMENT
INFRASTRUCTURE PROJECTS
INFRASTRUCTURE SERVICES
INITIATIVES
INTEREST PAYMENTS
INVESTMENTS
MACRO INDICATORS
MACROECONOMIC FRAMEWORK
MACROECONOMIC INDICATORS
MACROECONOMIC MANAGEMENT
MACROECONOMIC POLICIES
MACROECONOMIC PROJECTIONS
MACROECONOMIC SITUATION
MACROECONOMIC STABILITY
MARGINAL EFFECTS
MEDIUM-TERM DEVELOPMENT
MEDIUM-TERM EXPENDITURE
MEDIUM-TERM EXPENDITURE FRAMEWORK
MEMBER COUNTRIES
MID-TERM REVIEW
MINISTRY OF FINANCE
MOBILITY
MONETARY POLICY
MULTILATERAL DONORS
NATIONAL PRIORITIES
NATURAL RESOURCES
NET LENDING
NET PRESENT VALUE
ODOMETER
OIL PRICES
OPPORTUNITY COST
OUTCOMES
PENSIONERS
PERFORMANCE BUDGET
POLICE
POLICIES
POVERTY REDUCTION
POVERTY REDUCTION STRATEGY
PRICE CHANGES
PRIORITIES OF GOVERNMENT
PRIVATE CONSUMPTION
PRIVATE SECTOR
PROGRAMS
PUBLIC ADMINISTRATION
PUBLIC BORROWING
PUBLIC DEBT
PUBLIC EXPENDITURE
PUBLIC EXPENDITURE REVIEW
PUBLIC EXPENDITURES
PUBLIC FINANCES
PUBLIC FINANCIAL MANAGEMENT
PUBLIC INFRASTRUCTURE
PUBLIC INSTITUTIONS
PUBLIC INVESTMENT
PUBLIC INVESTMENTS
PUBLIC PROCUREMENT
PUBLIC RESOURCES
PUBLIC SAFETY
PUBLIC SCHOOLS
PUBLIC SECTOR
PUBLIC SECTOR DEBT
PUBLIC SECTOR EMPLOYEES
PUBLIC SECTOR INVESTMENT
PUBLIC SERVICE
PUBLIC VEHICLES
PUBLIC WORKS
QUALITY OF LIFE
REALLOCATIONS
REALLOCATIONS ACROSS SECTORS
RECURRENT EXPENDITURE
REFORM STRATEGY
RESOURCE MANAGEMENT
REVENUE GROWTH
REVENUES
ROADS
SAFETY
SANITATION
SOCIAL EQUITY
SOCIAL INSURANCE
SOCIAL PROTECTION
SOCIAL SECURITY
SOCIAL SECURITY CONTRIBUTIONS
STATE AGENCY
SUBSIDIES
SUBSIDY
SUSTAINABILITY ANALYSIS
TAX ADMINISTRATION
TAX BURDEN
TAX POLICY
TAX RATES
TAX REVENUE
TAX REVENUES
TAX SYSTEM
TAXES
TOTAL EXPENDITURE
TOTAL EXPENDITURES
TOTAL SPENDING
TRAILS
TRAINING
TRANSIT
TRANSIT AUTHORITY
TRANSPARENCY
TRANSPORT
TRANSPORT COSTS
TRANSPORT EXPENDITURE
TRANSPORT SERVICES
TRANSPORT SYSTEM
TRAVEL
TRAVEL COSTS
TRAVEL TRAVEL
TRAVELERS
TREND
VEHICLE
VEHICLE COST
VEHICLE FLEET
VEHICLE TYPES
VEHICLES
WEALTH




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