El Salvador - Public Expenditure Review : Enhancing the Efficiency and Targeting of Expenditures, Volume 2. Chapters and Statistical Tables

This Public Expenditure Review (PER), produced jointly by the World Bank and the Inter-American Development Bank (IADB), is an in-depth economic and sector report on El Salvador. The study builds on the analysis and recommendations of the PER delivered in 2004 that concluded that El Salvador faced the dual challenge of addressing deteriorating fiscal trends while financing key investments required to accelerate growth and meet pressing social needs. This report is intended to provide the government with practical and useful near-and medium-term recommendations that will support the country's efforts to ensure sustainable fiscal balances and establish effective and transparent mechanisms to allocate public resources to promote broad-based economic growth, improve social indicators, and reduce poverty. Hence, the government knows that El Salvador is faced with two fiscal challenges that will have great influence on the economic performance over the coming years. The first is the need to improve the fiscal balance, by strengthening revenue and reducing expenditure, to ensure medium-term sustainability. The second is the need to finance priority investments required to accelerate growth, reduce unemployment, and cover basic social needs. Meeting both challenges simultaneously will require great skill, given the still fragmented political environment and the difficulties in creating a consensus on future policies. The country needs to strengthen its fiscal stance because not doing so jeopardizes the medium-term macroeconomic framework, and exposes the country to greater vulnerability in the face of external shocks and contingent liabilities.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2010-11
Subjects:	ACCOUNTING, ADDED TAX, ASYMMETRIC INFORMATION, BANK DEPOSITS, BANKING LAW, BENEFIT INCIDENCE, BUDGET EXECUTION, BUDGET PROCESS, BUSINESS TAX, CAPITAL EXPENDITURE, CAPITAL FLOWS, CAPITAL GAINS, CASH TRANSFER, CASH TRANSFERS, CENTRAL BANK, CENTRAL GOVERNMENT, CENTRAL GOVERNMENT SPENDING, COLLECTION PROCESS, COMMODITY PRICES, CONSUMPTION EXPENDITURE, CONTINGENT LIABILITIES, CORPORATE INCOME TAX, CORPORATE TAX, CREDIT MARKETS, CREDIT RATING, CURRENCY, CURRENT ACCOUNT DEFICIT, CURRENT EXPENDITURES, DEBT ACCUMULATION, DEBT BURDEN, DEBT LEVEL, DEBT MARKET, DEBT RATIO, DEBT SERVICE, DEBT STOCK, DEFICITS, DEVELOPMENT BANK, DOMESTIC CREDIT, DOMESTIC INTEREST RATES, ECONOMIC DEVELOPMENT, ECONOMIC DEVELOPMENTS, EFFICIENCY OF TAX COLLECTION, ELECTRICITY SUBSIDIES, EMERGING ECONOMIES, ENERGY SUBSIDIES, EXCHANGE RATE, EXCISE TAXES, EXPENDITURE BUDGET, EXPENDITURE PROJECTIONS, EXPENDITURES, EXPORT PERFORMANCE, EXPORT SUBSIDIES, EXPORT SUBSIDY, EXTERNAL BORROWING, FINANCES, FINANCIAL CRISIS, FINANCIAL FLOWS, FINANCIAL INSTITUTIONS, FINANCIAL RESOURCES, FINANCIAL STABILITY, FISCAL ACCOUNTS, FISCAL AUTHORITIES, FISCAL BALANCE, FISCAL BALANCES, FISCAL BURDEN, FISCAL CONSTRAINTS, FISCAL DEFICIT, FISCAL DISCIPLINE, FISCAL IMPACT, FISCAL POLICY, FISCAL SPACE, FISCAL SUSTAINABILITY, FLAT TAX, FOREIGN BANKS, FOREIGN DIRECT INVESTMENT, FOREIGN INTEREST, FOREIGN INVESTMENT, FRAUDS, GOVERNMENT ACCOUNTS, GOVERNMENT EXPENDITURE, GOVERNMENT FINANCE, GOVERNMENT REVENUE, GOVERNMENT REVENUES, GROSS DOMESTIC PRODUCT, INCOME INEQUALITIES, INCOME TAX, INCOME TAXES, INDIRECT TAXATION, INFLATION, INFLATION RATE, INSURANCE, INSURANCE PREMIUMS, INTEREST COST, INTEREST COSTS, INTEREST INCOME, INTEREST PAYMENTS, INTEREST RATE, INTEREST RATES, INTERNATIONAL BANK, INTERNATIONAL FINANCIAL CRISIS, INTERNATIONAL STANDARDS, INVESTMENT FUND, INVESTMENT PORTFOLIO, LABOR MARKET, LIQUIDITY, LOCAL GOVERNMENTS, LPG SUBSIDY, MACROECONOMIC FRAMEWORK, MACROECONOMIC MANAGEMENT, MACROECONOMIC POLICIES, MACROECONOMIC STABILITY, MACROECONOMIC VARIABLE, MACROECONOMIC VARIABLES, MARKET TRANSACTIONS, MATURITY, MATURITY STRUCTURE, MEDIUM-TERM GROWTH, MINISTRY OF FINANCE, MUNICIPALITIES, OIL PRICES, PENSION, PENSION PROVISIONS, PENSION REFORM, PENSION SYSTEM, PENSIONS, PERSONAL INCOME, PERSONAL INCOME TAX, POLICY CHANGES, POLICY FRAMEWORK, POLICY PROCESS, POLITICAL ECONOMY, POLITICAL UNCERTAINTIES, POLITICAL UNCERTAINTY, PRIVATE INVESTMENT, PRODUCTIVE INVESTMENT, PROPERTY TAX, PRUDENT FISCAL POLICY, PUBLIC BORROWING, PUBLIC DEBT, PUBLIC DEBT RATIOS, PUBLIC DEBT SUSTAINABILITY, PUBLIC EMPLOYMENT, PUBLIC ENTERPRISES, PUBLIC EXPENDITURE, PUBLIC EXPENDITURE REVIEW, PUBLIC EXPENDITURES, PUBLIC FINANCE, PUBLIC FINANCE MANAGEMENT, PUBLIC SECTOR DEBT, PUBLIC SECTOR EXPENDITURE, PUBLIC SECTOR SPENDING, PUBLIC SECTOR TRANSFERS, PUBLIC SPENDING, REAL INTEREST, REAL INTEREST RATE, REAL INTEREST RATES, REDISTRIBUTIVE IMPACT, REMITTANCE, REMITTANCES, RESERVES, RETURN, RETURNS, REVENUE COLLECTION, REVENUE PERFORMANCE, REVENUE POLICY, SAFETY NET, SECONDARY MARKET, STOCK MARKET, STRUCTURAL REFORMS, SUB-NATIONAL, TAX, TAX ADMINISTRATION, TAX AMNESTY, TAX AVOIDANCE, TAX BASE, TAX BASES, TAX BRACKETS, TAX BURDEN, TAX CODE, TAX COLLECTION, TAX COLLECTIONS, TAX COMPLIANCE, TAX DEDUCTIONS, TAX EFFORTS, TAX EVADERS, TAX EVASION, TAX EXPENDITURE, TAX HAVENS, TAX LAW, TAX LAWS, TAX LEGISLATION, TAX LIABILITIES, TAX LIABILITY, TAX MEASURES, TAX PAYMENT, TAX PAYMENTS, TAX PRODUCTIVITY, TAX PURPOSES, TAX RATE, TAX RATES, TAX REFORM, TAX REFORMS, TAX REGIMES, TAX REVENUE, TAX REVENUES, TAX STRUCTURE, TAX SYSTEM, TAX SYSTEMS, TAXATION, TAXPAYERS, TOTAL DEBT, TOTAL EXPENDITURE, TOTAL EXPENDITURES, TOTAL PUBLIC EXPENDITURE, TRADE LIBERALIZATION, TRADING, TRANSACTION, WATER SUBSIDIES, WATER SUBSIDY, WEALTH TAX, WEALTH TAXES,
Online Access:	http://documents.worldbank.org/curated/en/2010/11/16242880/el-salvador-enhancing-efficiency-targeting-expenditures-public-expenditure-review-vol-2-2-chapters-statistical-tables https://hdl.handle.net/10986/12404
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