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Senegal - Enhancing the Efficiency of Public Investment : Public Expenditure Review

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World Bank (WB)

Abstract: This Public Expenditure Review (PER) identifies four major challenges that the Senegalese authorities must meet in order to optimize their investment policy. The first challenge is to optimize the strategic choices underlying an optimal investment policy. To this end, the authorities should improve their capacity to assess the sectoral allocation of their investment projects. They should also accord greater importance to infrastructure - the share of which is still less than optimal by international standards - because of its unquestionably positive impact on growth. It is recommended to program the recurrent costs associated with public investment projects, i.e., that the consolidated investment budget - BCI - be provided with an economic classification clearly distinguishing between the two forms of expenditure, so as to subsequently harmonize them with recurrent costs included in the current budget, and to plan them more effectively over time, both globally and by sector. The second challenge involves improving the alignment of budgetary instruments. To improve the extent to which budgetary instruments are matched with the strategic objectives of the Poverty Reduction strategy Paper (PRSP), this PER proposes two complementary approaches. The first stresses the missing link in the Senegalese planning system, namely the Three-Year Public Investment Program (PTIP). The second approach is aimed at systematizing the link between the Priority Action Plan (PAP) and the approved and implemented BCI, using a monitoring system described herewith. The third challenge: ensuring the proper execution and substance of the investment program, needs to improve the availability of information, which is not necessarily reliable, and tends to become available belatedly. It is also suggested the authorities devote particular attention to the ongoing projects in the infrastructure, and social services sectors, which report implementation rates routinely lower than the average observed in Senegal. Finally, the fourth challenge: establishing an efficient and transparent management system, suggest the Government continue improvements to the public expenditure management system, especially as regards investment expenditure.
Type: Economic & Sector Work :: Public Expenditure Review
Economic & Sector Work
Link: http://hdl.handle.net/10986/8296
Subject: ACCOUNTING
AGGREGATE DEMAND
BUDGET ACCOUNTING
BUDGET EXECUTION
CAPACITY BUILDING
CAPITAL PROJECTS
CENTRALIZATION
COMMERCIAL BANKS
COMPARATIVE ADVANTAGES
CONCESSIONAL TERMS
CURRENT ACCOUNT
DEBT
DEBT SERVICE
DECENTRALIZATION
DEVELOPMENT STRATEGY
ECONOMIC EXPANSION
ECONOMIC GROWTH
ECONOMIC POLICY
ELECTRICITY
EMERGING ECONOMIES
EXOGENOUS SHOCKS
EXPORT GROWTH
EXPORTS
EXTERNAL AUDITORS
EXTERNAL FINANCING
EXTREME POVERTY
FINANCIAL ACCOUNTABILITY
FINANCIAL INSTITUTIONS
FISCAL DEFICIT
FISCAL DISCIPLINE
FISCAL PERFORMANCE
FISCAL POLICY
GDP
GOVERNMENT BUDGET
GOVERNMENT EQUITY
GROWTH RATE
HOUSING
HUMAN CAPITAL
INDUSTRIAL ECONOMIES
INFLATION
INTEREST PAYMENTS
INTEREST RATE
INTERNATIONAL MONETARY FUND
INVESTMENT EXPENDITURES
INVESTMENT MANAGEMENT
INVESTMENT PROGRAMS
INVESTMENT PROJECTS
LIVING STANDARDS
LOCAL GOVERNMENTS
LONG TERM
MACROECONOMIC FRAMEWORK
MACROECONOMIC PERFORMANCE
MUNICIPALITIES
NOMINAL INTEREST RATE
PER CAPITA INCOME
PORTFOLIO
POVERTY REDUCTION
PRICE STABILITY
PRIVATE INVESTMENT
PRIVATE SECTOR
PRIVATE SECTOR PARTICIPATION
PROFITABILITY
PUBLIC
PUBLIC DEBT
PUBLIC DEBT SUSTAINABILITY
PUBLIC DEFICIT
PUBLIC ENTERPRISES
PUBLIC EXPENDITURE
PUBLIC EXPENDITURE MANAGEMENT
PUBLIC EXPENDITURE REVIEW
PUBLIC FINANCE
PUBLIC FINANCE MANAGEMENT
PUBLIC FINANCES
PUBLIC INVESTMENT
PUBLIC INVESTMENT PROGRAM
PUBLIC INVESTMENT PROGRAMS
PUBLIC INVESTMENT SERIES
PUBLIC RESOURCES
PUBLIC SECTOR
PUBLIC SECTOR DEBT
RETURN ON INVESTMENT
SOCIAL SECURITY
STATISTICAL ANALYSIS
SUSTAINED GROWTH
TECHNICAL ASSISTANCE
TRANSPARENCY
TREASURY
WEALTH
WEALTH CREATION




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