Nigeria - Lagos Rolling First Public Expenditure Review

This review provides an analysis of the fiscal performance and sustainability of the State of Lagos, performance of the budgeting system and of the public procurement system. It is the first in a planned rolling Public Expenditure Reviews (PERs) for Lagos state. The analysis finds that the state's fiscal policy is broadly sound and that its fiscal program is sustainable in the medium term, but only if certain conditions prevail. It also finds that the performance of the budget system has been mixed, and that the public procurement system is beset with many weaknesses. In spite of weaknesses in the budget and procurement systems, the review observes that various reforms are currently underway to addresses the weaknesses. Finally, the report offers a number of recommendations on the way forward.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2010-05
Subjects:	ACCOUNTANT, ACCOUNTING, ADMINISTRATIVE CONTROLS, ALLOCATION, AMORTIZATION, ANNUAL BUDGETS, ARREARS, BALANCE SHEET, BANK BORROWING, BANK BRANCHES, BANK FINANCING, BANKING SECTOR, BANKING SECTOR REFORMS, BANKING SYSTEM, BOND, BOND ISSUANCE, BOND ISSUING, BONDS, BOOM-BUST CYCLES, BORROWER, BUDGET DEFICIT, BUDGET DEFICITS, BUDGET EXECUTION, BUDGET FRAMEWORK, BUDGET IMPLEMENTATION, BUDGET PLANNING, BUDGET PREPARATION, BUDGET PREPARATION PROCESS, BUDGET SYSTEM, BUDGETING, CAPACITY BUILDING, CAPITAL BUDGET, CAPITAL EXPENDITURE, CAPITAL EXPENDITURES, CAPITAL GAINS, CAPITAL MARKET, CAPITAL PROJECTS, CAPITAL SPENDING, CASH MANAGEMENT, COLLECTION PROCESS, COLLECTION PROCESSES, COMMERCIAL BANK, COMMERCIAL BANK LOAN, COMMERCIAL BANKS, COMMERCIAL LOANS, CONTINGENT LIABILITIES, COST OF COLLECTION, COSTS OF COLLECTION, CREDIBILITY, CURRENCY, DEBT, DEBT CAPITAL, DEBT DATA, DEBT LEVEL, DEBT LEVELS, DEBT MANAGEMENT, DEBT MATURITIES, DEBT OUTSTANDING, DEBT REDUCTION, DEBT SERVICE, DEBT SERVICE PAYMENTS, DEBT STOCK, DECENTRALIZATION, DEFICIT FINANCING, DEFICITS, DISBURSEMENTS, DISCLOSURE REQUIREMENTS, DOMESTIC BANKS, DOMESTIC BONDS, DOMESTIC BORROWING, DOMESTIC DEBT, ECONOMIC CLASSIFICATION, ELECTRONIC BANKING, EVALUATION OF PROJECTS, EX-POST EVALUATION, EXCHANGE COMMISSION, EXCHANGE RATE, EXPENDITURE, EXPENDITURES, EXTERNAL BORROWING, EXTERNAL DEBT, EXTERNAL FINANCE, FEDERAL TRANSFERS, FINANCES, FINANCIAL ACCOUNTABILITY, FINANCIAL ASSETS, FINANCIAL INFORMATION, FINANCIAL INSTITUTIONS, FINANCIAL MANAGEMENT, FINANCIAL REPORTS, FINANCIAL SECTOR, FINANCIAL STATEMENTS, FINANCIAL SYSTEM, FISCAL BALANCE, FISCAL DEFICIT, FISCAL DISCIPLINE, FISCAL FEDERALISM, FISCAL PERFORMANCE, FISCAL POLICIES, FISCAL POLICY, FISCAL PROGRAM, FISCAL PROJECTIONS, FISCAL SUSTAINABILITY, FOREIGN BANKS, FOREIGN CURRENCIES, FOREIGN CURRENCY, FRAUD, GOVERNMENT ACCOUNT, GOVERNMENT DEBTS, GOVERNMENT GUARANTEE, GOVERNMENT SPENDING, GROSS DOMESTIC PRODUCT, HUMAN RESOURCE, INCOME INEQUALITY, INCOME TAX, INFLATION, INFLATION RATE, INFRASTRUCTURE INVESTMENT, INFRASTRUCTURE INVESTMENTS, INTEREST PAYMENT, INTEREST PAYMENTS, INTERNAL AUDIT, INTERNATIONAL DEVELOPMENT, INTERNATIONAL STANDARDS, INVESTING, INVESTMENT POLICY, INVESTMENT PROJECTS, INVESTMENT SPENDING, LEGAL FRAMEWORK, LEVY, LOAN AMOUNT, LOAN BALANCE, LOAN OBLIGATIONS, LOCAL GOVERNMENT, LOCAL GOVERNMENTS, MACROECONOMIC MANAGEMENT, MACROECONOMIC POLICIES, MARKET PRACTICES, MEDIUM TERM FISCAL STRATEGY, MEDIUM-TERM EXPENDITURE, MEDIUM-TERM EXPENDITURE FRAMEWORK, MINISTRY OF FINANCE, OIL PRICE, OIL PRICES, OUTSTANDING DEBT, PAYMENT OBLIGATION, PAYMENT ORDER, PENSION, PENSIONS, PERSONAL INCOME, POLITICAL RISKS, POVERTY REDUCTION, PROCUREMENT ASSESSMENT, PROCUREMENT FUNCTION, PROCUREMENT PROCESS, PROCUREMENT SYSTEMS, PROMISSORY NOTES, PUBLIC ACCOUNTS, PUBLIC ADMINISTRATION, PUBLIC DEBT, PUBLIC EXPENDITURE, PUBLIC EXPENDITURE REVIEW, PUBLIC FINANCE, PUBLIC FINANCIAL MANAGEMENT, PUBLIC INVESTMENT, PUBLIC INVESTMENT PROGRAM, PUBLIC PROCUREMENT, PUBLIC SERVICE, PUBLIC SPENDING, RATE OF RETURN, REAL INTEREST, REAL INTEREST RATE, REAL INTEREST RATES, RECURRENT EXPENDITURE, RECURRENT EXPENDITURES, REFORM EFFORTS, REFORM PROGRAM, REGISTERED BONDS, REGULATORY FRAMEWORK, REPAYMENTS, RESOURCE IMPLICATIONS, RETAIL TRADING, RETURN, REVENUE FORECASTING, REVENUE GROWTH, SALE OF INVESTMENTS, SANITATION, SECURITIES, SERVICE DELIVERY, SHORT-TERM DEBT, SINKING FUND, STAMP DUTIES, STATE EXPENDITURE, STATE GOVERNMENT, STATE GUARANTEES, STATE TREASURY, STATUTORY LIMIT, STOCK EXCHANGES, STRATEGIC POLICY, STRATEGIC PRIORITIES, SUB-NATIONAL BORROWING, SUSTAINABILITY ANALYSIS, TAX, TAX COLLECTION, TAX COLLECTIONS, TAX POLICY, TAX RATES, TAX REVENUES, TELECOMMUNICATIONS, TOTAL DEBT, TOTAL EXPENDITURE, TRANSPARENCY, TREASURY, UNREALISTIC BUDGETS, WITHHOLDING TAX,
Online Access:	http://documents.worldbank.org/curated/en/2010/05/16215802/nigeria-lagos-rolling-first-public-expenditure-review https://hdl.handle.net/10986/12357
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