Reforms under Fiscal Stress : A Policy Note on the Priorities for Fiscal and Budget Reform in Nepal
This note, first of the several on fiscal management and policy option notes planned, provides a concise assessment of the achievements to date of the ongoing reforms to budget management in Nepal and concludes with some guidance on the key focus areas of fiscal policy and expenditure management over the near and medium term. It is a selective assessment that looks at major aspects of the policy and budget process with a view to identifying areas for strategic focus, rather than a detailed rendering of the reforms. The note highlights the fiscal challenges that are assuming increasing prominence and which must be addressed by policy decisions and medium term reforms. While recognizing the uniqueness of Nepal's initial conditions, capacities and current security related challenges, the note takes account of international experience in implementing such reforms. The note starts with the economic and political background. The second section reviews fiscal trends and outlines issues to be considered by a fiscal strategy. The third section discusses institutional issues to strengthen the budget process.
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dig-okr-1098612645 |
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koha |
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Banco Mundial |
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Estados Unidos |
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US |
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Bibliográfico |
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En linea |
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biblioteca |
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America del Norte |
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Biblioteca del Banco Mundial |
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English en_US |
topic |
ACCOUNTABILITY ADVERSE CONSEQUENCES AGGREGATE FISCAL AGGREGATE FISCAL DISCIPLINE AGGREGATE REVENUE AGGREGATE SPENDING ALLOCATION OF RESOURCES ANNUAL BUDGETARY PROCESS ANNUAL PLANS APPROPRIATION BANKS BENEFITS OF INVESTMENTS BUDGET ACTIVITIES BUDGET ALLOCATIONS BUDGET CONSTRAINT BUDGET CONSTRAINTS BUDGET COVERAGE BUDGET DISCIPLINE BUDGET DISCUSSION BUDGET EXECUTION BUDGET EXPENDITURE BUDGET FORMULATION BUDGET FORMULATION PROCESS BUDGET FRAMEWORK BUDGET IMPLEMENTATION BUDGET MANAGEMENT BUDGET NEGOTIATIONS BUDGET PATHOLOGIES BUDGET PREPARATION BUDGET PREPARATION PROCESS BUDGET PROCESS BUDGET PROJECTIONS BUDGET REFORM BUDGET REFORMS BUDGET RESOURCES BUDGET SUPPORT BUDGET SYSTEM BUDGETARY OUTCOMES BUDGETARY REFORM CAPACITY CONSTRAINTS CAPITAL BUDGET CAPITAL EXPENDITURE CASH BUDGET CASH FLOW CASH FLOWS CASH MANAGEMENT CENTRAL AGENCIES CENTRAL BANK CENTRAL GOVERNMENT CIVIL SERVICE CORRUPTION COST INFORMATION COUNTERPART FUNDING COUNTERPART FUNDS CREDIBILITY CURRENT DEBT DEBT DEBT LEVELS DEBT SERVICING DECENTRALIZATION DECISION-MAKING DEFICIT FINANCING DISBURSEMENT DISBURSEMENTS DOMESTIC BORROWING DOMESTIC REVENUE DONOR ASSISTANCE DONOR FINANCING DONOR FUND DONOR FUNDING DONOR FUNDS DONOR RESOURCES DONOR SUPPORT ECONOMIC CRISIS ECONOMIC GROWTH ECONOMIC RECOVERY ECONOMIC SHOCKS EFFICIENCY GAINS EFFICIENCY OF PUBLIC SPENDING EFFICIENCY OF RESOURCE USE EXPENDITURE EXPENDITURE MANAGEMENT EXPENDITURE OUTCOMES EXPENDITURE RATIONALIZATION EXTERNAL AID EXTERNAL ASSISTANCE EXTERNAL FINANCING FINANCIAL CIRCUMSTANCES FINANCIAL CONSTRAINTS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL SECTOR FINANCIAL SUPPORT FINANCING SHORTFALLS FISCAL ADJUSTMENT FISCAL BALANCE FISCAL CONSEQUENCES FISCAL DEFICIT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL FRAMEWORK FISCAL LIMITS FISCAL MANAGEMENT FISCAL POLICY FISCAL PRESSURES FISCAL RISKS FISCAL SAVINGS FISCAL STABILITY FISCAL STRATEGY FOREIGN FINANCING GOVERNMENT CAPACITY GOVERNMENT EXPENDITURE GOVERNMENT PERFORMANCE GOVERNMENT POLICY GOVERNMENT REVENUE GOVERNMENT SPENDING HUMAN CAPITAL HUMAN CAPITAL DEVELOPMENT HUMAN DEVELOPMENT IMMUNIZATION INCOME GROWTH INDEBTED INDEBTED POOR COUNTRY INFRASTRUCTURE SECTOR INSTITUTIONAL CAPACITY INSTITUTIONAL DEVELOPMENT INTERNATIONAL FINANCIAL INSTITUTIONS INVESTMENT PROJECTS JUDGMENT KEY CHALLENGE LEGAL FRAMEWORK LEGAL FRAMEWORKS MACROECONOMIC FRAMEWORK MANAGEMENT OF ASSETS MEDIUM TERM EXPENDITURE MEDIUM TERM EXPENDITURE FRAMEWORK MEDIUM TERM FISCAL STRATEGY MEDIUM-TERM PLANNING MINISTRY OF FINANCE NATIONAL PLANNING OPERATIONAL EFFICIENCY OPPORTUNISTIC BEHAVIOR PERFORMANCE BUDGETING PERFORMANCE INFORMATION POLICY DECISIONS POLICY DESIGN POLICY FORMULATION POLITICAL UNCERTAINTY POVERTY REDUCTION POVERTY REDUCTION STRATEGY PRIVATE SECTOR PROGRAMS PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC FINANCE PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC POLICY PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR REFORM PUBLIC SERVICE PUBLIC SERVICES RECURRENT EXPENDITURES REFORM ACTIONS RESOURCE ALLOCATION RESOURCE ALLOCATION DECISIONS RESOURCE AVAILABILITY RESOURCE FLOWS RESOURCE IMPLICATIONS RESOURCE LEVELS RESOURCE MANAGEMENT RETURNS REVENUE GROWTH REVOLVING FUNDS ROAD CONSTRUCTION RURAL ACCESS SECTOR BUDGET SECTOR MINISTRIES SECTORAL ALLOCATION SECTORAL CEILING SERVICE DELIVERY SERVICE RECIPIENTS SOCIAL INDICATORS SOLVENCY STRATEGIC POLICY STRATEGIC PRIORITIES TAX TAX EFFORT TECHNICAL ASSISTANCE TOTAL EXPENDITURE TRANSPARENCY TREASURY TREASURY SYSTEM UNCERTAINTY UNREALISTIC BUDGETS WITHDRAWAL WITHDRAWAL OF FUNDS ACCOUNTABILITY ADVERSE CONSEQUENCES AGGREGATE FISCAL AGGREGATE FISCAL DISCIPLINE AGGREGATE REVENUE AGGREGATE SPENDING ALLOCATION OF RESOURCES ANNUAL BUDGETARY PROCESS ANNUAL PLANS APPROPRIATION BANKS BENEFITS OF INVESTMENTS BUDGET ACTIVITIES BUDGET ALLOCATIONS BUDGET CONSTRAINT BUDGET CONSTRAINTS BUDGET COVERAGE BUDGET DISCIPLINE BUDGET DISCUSSION BUDGET EXECUTION BUDGET EXPENDITURE BUDGET FORMULATION BUDGET FORMULATION PROCESS BUDGET FRAMEWORK BUDGET IMPLEMENTATION BUDGET MANAGEMENT BUDGET NEGOTIATIONS BUDGET PATHOLOGIES BUDGET PREPARATION BUDGET PREPARATION PROCESS BUDGET PROCESS BUDGET PROJECTIONS BUDGET REFORM BUDGET REFORMS BUDGET RESOURCES BUDGET SUPPORT BUDGET SYSTEM BUDGETARY OUTCOMES BUDGETARY REFORM CAPACITY CONSTRAINTS CAPITAL BUDGET CAPITAL EXPENDITURE CASH BUDGET CASH FLOW CASH FLOWS CASH MANAGEMENT CENTRAL AGENCIES CENTRAL BANK CENTRAL GOVERNMENT CIVIL SERVICE CORRUPTION COST INFORMATION COUNTERPART FUNDING COUNTERPART FUNDS CREDIBILITY CURRENT DEBT DEBT DEBT LEVELS DEBT SERVICING DECENTRALIZATION DECISION-MAKING DEFICIT FINANCING DISBURSEMENT DISBURSEMENTS DOMESTIC BORROWING DOMESTIC REVENUE DONOR ASSISTANCE DONOR FINANCING DONOR FUND DONOR FUNDING DONOR FUNDS DONOR RESOURCES DONOR SUPPORT ECONOMIC CRISIS ECONOMIC GROWTH ECONOMIC RECOVERY ECONOMIC SHOCKS EFFICIENCY GAINS EFFICIENCY OF PUBLIC SPENDING EFFICIENCY OF RESOURCE USE EXPENDITURE EXPENDITURE MANAGEMENT EXPENDITURE OUTCOMES EXPENDITURE RATIONALIZATION EXTERNAL AID EXTERNAL ASSISTANCE EXTERNAL FINANCING FINANCIAL CIRCUMSTANCES FINANCIAL CONSTRAINTS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL SECTOR FINANCIAL SUPPORT FINANCING SHORTFALLS FISCAL ADJUSTMENT FISCAL BALANCE FISCAL CONSEQUENCES FISCAL DEFICIT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL FRAMEWORK FISCAL LIMITS FISCAL MANAGEMENT FISCAL POLICY FISCAL PRESSURES FISCAL RISKS FISCAL SAVINGS FISCAL STABILITY FISCAL STRATEGY FOREIGN FINANCING GOVERNMENT CAPACITY GOVERNMENT EXPENDITURE GOVERNMENT PERFORMANCE GOVERNMENT POLICY GOVERNMENT REVENUE GOVERNMENT SPENDING HUMAN CAPITAL HUMAN CAPITAL DEVELOPMENT HUMAN DEVELOPMENT IMMUNIZATION INCOME GROWTH INDEBTED INDEBTED POOR COUNTRY INFRASTRUCTURE SECTOR INSTITUTIONAL CAPACITY INSTITUTIONAL DEVELOPMENT INTERNATIONAL FINANCIAL INSTITUTIONS INVESTMENT PROJECTS JUDGMENT KEY CHALLENGE LEGAL FRAMEWORK LEGAL FRAMEWORKS MACROECONOMIC FRAMEWORK MANAGEMENT OF ASSETS MEDIUM TERM EXPENDITURE MEDIUM TERM EXPENDITURE FRAMEWORK MEDIUM TERM FISCAL STRATEGY MEDIUM-TERM PLANNING MINISTRY OF FINANCE NATIONAL PLANNING OPERATIONAL EFFICIENCY OPPORTUNISTIC BEHAVIOR PERFORMANCE BUDGETING PERFORMANCE INFORMATION POLICY DECISIONS POLICY DESIGN POLICY FORMULATION POLITICAL UNCERTAINTY POVERTY REDUCTION POVERTY REDUCTION STRATEGY PRIVATE SECTOR PROGRAMS PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC FINANCE PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC POLICY PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR REFORM PUBLIC SERVICE PUBLIC SERVICES RECURRENT EXPENDITURES REFORM ACTIONS RESOURCE ALLOCATION RESOURCE ALLOCATION DECISIONS RESOURCE AVAILABILITY RESOURCE FLOWS RESOURCE IMPLICATIONS RESOURCE LEVELS RESOURCE MANAGEMENT RETURNS REVENUE GROWTH REVOLVING FUNDS ROAD CONSTRUCTION RURAL ACCESS SECTOR BUDGET SECTOR MINISTRIES SECTORAL ALLOCATION SECTORAL CEILING SERVICE DELIVERY SERVICE RECIPIENTS SOCIAL INDICATORS SOLVENCY STRATEGIC POLICY STRATEGIC PRIORITIES TAX TAX EFFORT TECHNICAL ASSISTANCE TOTAL EXPENDITURE TRANSPARENCY TREASURY TREASURY SYSTEM UNCERTAINTY UNREALISTIC BUDGETS WITHDRAWAL WITHDRAWAL OF FUNDS |
spellingShingle |
ACCOUNTABILITY ADVERSE CONSEQUENCES AGGREGATE FISCAL AGGREGATE FISCAL DISCIPLINE AGGREGATE REVENUE AGGREGATE SPENDING ALLOCATION OF RESOURCES ANNUAL BUDGETARY PROCESS ANNUAL PLANS APPROPRIATION BANKS BENEFITS OF INVESTMENTS BUDGET ACTIVITIES BUDGET ALLOCATIONS BUDGET CONSTRAINT BUDGET CONSTRAINTS BUDGET COVERAGE BUDGET DISCIPLINE BUDGET DISCUSSION BUDGET EXECUTION BUDGET EXPENDITURE BUDGET FORMULATION BUDGET FORMULATION PROCESS BUDGET FRAMEWORK BUDGET IMPLEMENTATION BUDGET MANAGEMENT BUDGET NEGOTIATIONS BUDGET PATHOLOGIES BUDGET PREPARATION BUDGET PREPARATION PROCESS BUDGET PROCESS BUDGET PROJECTIONS BUDGET REFORM BUDGET REFORMS BUDGET RESOURCES BUDGET SUPPORT BUDGET SYSTEM BUDGETARY OUTCOMES BUDGETARY REFORM CAPACITY CONSTRAINTS CAPITAL BUDGET CAPITAL EXPENDITURE CASH BUDGET CASH FLOW CASH FLOWS CASH MANAGEMENT CENTRAL AGENCIES CENTRAL BANK CENTRAL GOVERNMENT CIVIL SERVICE CORRUPTION COST INFORMATION COUNTERPART FUNDING COUNTERPART FUNDS CREDIBILITY CURRENT DEBT DEBT DEBT LEVELS DEBT SERVICING DECENTRALIZATION DECISION-MAKING DEFICIT FINANCING DISBURSEMENT DISBURSEMENTS DOMESTIC BORROWING DOMESTIC REVENUE DONOR ASSISTANCE DONOR FINANCING DONOR FUND DONOR FUNDING DONOR FUNDS DONOR RESOURCES DONOR SUPPORT ECONOMIC CRISIS ECONOMIC GROWTH ECONOMIC RECOVERY ECONOMIC SHOCKS EFFICIENCY GAINS EFFICIENCY OF PUBLIC SPENDING EFFICIENCY OF RESOURCE USE EXPENDITURE EXPENDITURE MANAGEMENT EXPENDITURE OUTCOMES EXPENDITURE RATIONALIZATION EXTERNAL AID EXTERNAL ASSISTANCE EXTERNAL FINANCING FINANCIAL CIRCUMSTANCES FINANCIAL CONSTRAINTS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL SECTOR FINANCIAL SUPPORT FINANCING SHORTFALLS FISCAL ADJUSTMENT FISCAL BALANCE FISCAL CONSEQUENCES FISCAL DEFICIT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL FRAMEWORK FISCAL LIMITS FISCAL MANAGEMENT FISCAL POLICY FISCAL PRESSURES FISCAL RISKS FISCAL SAVINGS FISCAL STABILITY FISCAL STRATEGY FOREIGN FINANCING GOVERNMENT CAPACITY GOVERNMENT EXPENDITURE GOVERNMENT PERFORMANCE GOVERNMENT POLICY GOVERNMENT REVENUE GOVERNMENT SPENDING HUMAN CAPITAL HUMAN CAPITAL DEVELOPMENT HUMAN DEVELOPMENT IMMUNIZATION INCOME GROWTH INDEBTED INDEBTED POOR COUNTRY INFRASTRUCTURE SECTOR INSTITUTIONAL CAPACITY INSTITUTIONAL DEVELOPMENT INTERNATIONAL FINANCIAL INSTITUTIONS INVESTMENT PROJECTS JUDGMENT KEY CHALLENGE LEGAL FRAMEWORK LEGAL FRAMEWORKS MACROECONOMIC FRAMEWORK MANAGEMENT OF ASSETS MEDIUM TERM EXPENDITURE MEDIUM TERM EXPENDITURE FRAMEWORK MEDIUM TERM FISCAL STRATEGY MEDIUM-TERM PLANNING MINISTRY OF FINANCE NATIONAL PLANNING OPERATIONAL EFFICIENCY OPPORTUNISTIC BEHAVIOR PERFORMANCE BUDGETING PERFORMANCE INFORMATION POLICY DECISIONS POLICY DESIGN POLICY FORMULATION POLITICAL UNCERTAINTY POVERTY REDUCTION POVERTY REDUCTION STRATEGY PRIVATE SECTOR PROGRAMS PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC FINANCE PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC POLICY PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR REFORM PUBLIC SERVICE PUBLIC SERVICES RECURRENT EXPENDITURES REFORM ACTIONS RESOURCE ALLOCATION RESOURCE ALLOCATION DECISIONS RESOURCE AVAILABILITY RESOURCE FLOWS RESOURCE IMPLICATIONS RESOURCE LEVELS RESOURCE MANAGEMENT RETURNS REVENUE GROWTH REVOLVING FUNDS ROAD CONSTRUCTION RURAL ACCESS SECTOR BUDGET SECTOR MINISTRIES SECTORAL ALLOCATION SECTORAL CEILING SERVICE DELIVERY SERVICE RECIPIENTS SOCIAL INDICATORS SOLVENCY STRATEGIC POLICY STRATEGIC PRIORITIES TAX TAX EFFORT TECHNICAL ASSISTANCE TOTAL EXPENDITURE TRANSPARENCY TREASURY TREASURY SYSTEM UNCERTAINTY UNREALISTIC BUDGETS WITHDRAWAL WITHDRAWAL OF FUNDS ACCOUNTABILITY ADVERSE CONSEQUENCES AGGREGATE FISCAL AGGREGATE FISCAL DISCIPLINE AGGREGATE REVENUE AGGREGATE SPENDING ALLOCATION OF RESOURCES ANNUAL BUDGETARY PROCESS ANNUAL PLANS APPROPRIATION BANKS BENEFITS OF INVESTMENTS BUDGET ACTIVITIES BUDGET ALLOCATIONS BUDGET CONSTRAINT BUDGET CONSTRAINTS BUDGET COVERAGE BUDGET DISCIPLINE BUDGET DISCUSSION BUDGET EXECUTION BUDGET EXPENDITURE BUDGET FORMULATION BUDGET FORMULATION PROCESS BUDGET FRAMEWORK BUDGET IMPLEMENTATION BUDGET MANAGEMENT BUDGET NEGOTIATIONS BUDGET PATHOLOGIES BUDGET PREPARATION BUDGET PREPARATION PROCESS BUDGET PROCESS BUDGET PROJECTIONS BUDGET REFORM BUDGET REFORMS BUDGET RESOURCES BUDGET SUPPORT BUDGET SYSTEM BUDGETARY OUTCOMES BUDGETARY REFORM CAPACITY CONSTRAINTS CAPITAL BUDGET CAPITAL EXPENDITURE CASH BUDGET CASH FLOW CASH FLOWS CASH MANAGEMENT CENTRAL AGENCIES CENTRAL BANK CENTRAL GOVERNMENT CIVIL SERVICE CORRUPTION COST INFORMATION COUNTERPART FUNDING COUNTERPART FUNDS CREDIBILITY CURRENT DEBT DEBT DEBT LEVELS DEBT SERVICING DECENTRALIZATION DECISION-MAKING DEFICIT FINANCING DISBURSEMENT DISBURSEMENTS DOMESTIC BORROWING DOMESTIC REVENUE DONOR ASSISTANCE DONOR FINANCING DONOR FUND DONOR FUNDING DONOR FUNDS DONOR RESOURCES DONOR SUPPORT ECONOMIC CRISIS ECONOMIC GROWTH ECONOMIC RECOVERY ECONOMIC SHOCKS EFFICIENCY GAINS EFFICIENCY OF PUBLIC SPENDING EFFICIENCY OF RESOURCE USE EXPENDITURE EXPENDITURE MANAGEMENT EXPENDITURE OUTCOMES EXPENDITURE RATIONALIZATION EXTERNAL AID EXTERNAL ASSISTANCE EXTERNAL FINANCING FINANCIAL CIRCUMSTANCES FINANCIAL CONSTRAINTS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL SECTOR FINANCIAL SUPPORT FINANCING SHORTFALLS FISCAL ADJUSTMENT FISCAL BALANCE FISCAL CONSEQUENCES FISCAL DEFICIT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL FRAMEWORK FISCAL LIMITS FISCAL MANAGEMENT FISCAL POLICY FISCAL PRESSURES FISCAL RISKS FISCAL SAVINGS FISCAL STABILITY FISCAL STRATEGY FOREIGN FINANCING GOVERNMENT CAPACITY GOVERNMENT EXPENDITURE GOVERNMENT PERFORMANCE GOVERNMENT POLICY GOVERNMENT REVENUE GOVERNMENT SPENDING HUMAN CAPITAL HUMAN CAPITAL DEVELOPMENT HUMAN DEVELOPMENT IMMUNIZATION INCOME GROWTH INDEBTED INDEBTED POOR COUNTRY INFRASTRUCTURE SECTOR INSTITUTIONAL CAPACITY INSTITUTIONAL DEVELOPMENT INTERNATIONAL FINANCIAL INSTITUTIONS INVESTMENT PROJECTS JUDGMENT KEY CHALLENGE LEGAL FRAMEWORK LEGAL FRAMEWORKS MACROECONOMIC FRAMEWORK MANAGEMENT OF ASSETS MEDIUM TERM EXPENDITURE MEDIUM TERM EXPENDITURE FRAMEWORK MEDIUM TERM FISCAL STRATEGY MEDIUM-TERM PLANNING MINISTRY OF FINANCE NATIONAL PLANNING OPERATIONAL EFFICIENCY OPPORTUNISTIC BEHAVIOR PERFORMANCE BUDGETING PERFORMANCE INFORMATION POLICY DECISIONS POLICY DESIGN POLICY FORMULATION POLITICAL UNCERTAINTY POVERTY REDUCTION POVERTY REDUCTION STRATEGY PRIVATE SECTOR PROGRAMS PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC FINANCE PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC POLICY PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR REFORM PUBLIC SERVICE PUBLIC SERVICES RECURRENT EXPENDITURES REFORM ACTIONS RESOURCE ALLOCATION RESOURCE ALLOCATION DECISIONS RESOURCE AVAILABILITY RESOURCE FLOWS RESOURCE IMPLICATIONS RESOURCE LEVELS RESOURCE MANAGEMENT RETURNS REVENUE GROWTH REVOLVING FUNDS ROAD CONSTRUCTION RURAL ACCESS SECTOR BUDGET SECTOR MINISTRIES SECTORAL ALLOCATION SECTORAL CEILING SERVICE DELIVERY SERVICE RECIPIENTS SOCIAL INDICATORS SOLVENCY STRATEGIC POLICY STRATEGIC PRIORITIES TAX TAX EFFORT TECHNICAL ASSISTANCE TOTAL EXPENDITURE TRANSPARENCY TREASURY TREASURY SYSTEM UNCERTAINTY UNREALISTIC BUDGETS WITHDRAWAL WITHDRAWAL OF FUNDS Bajracharya, Roshan Darshan Biletska, Nataliya Rajaram, Anand Reforms under Fiscal Stress : A Policy Note on the Priorities for Fiscal and Budget Reform in Nepal |
description |
This note, first of the several on
fiscal management and policy option notes planned, provides
a concise assessment of the achievements to date of the
ongoing reforms to budget management in Nepal and concludes
with some guidance on the key focus areas of fiscal policy
and expenditure management over the near and medium term.
It is a selective assessment that looks at major aspects of
the policy and budget process with a view to identifying
areas for strategic focus, rather than a detailed rendering
of the reforms. The note highlights the fiscal challenges
that are assuming increasing prominence and which must be
addressed by policy decisions and medium term reforms.
While recognizing the uniqueness of Nepal's initial
conditions, capacities and current security related
challenges, the note takes account of international
experience in implementing such reforms. The note starts
with the economic and political background. The second
section reviews fiscal trends and outlines issues to be
considered by a fiscal strategy. The third section
discusses institutional issues to strengthen the budget process. |
topic_facet |
ACCOUNTABILITY ADVERSE CONSEQUENCES AGGREGATE FISCAL AGGREGATE FISCAL DISCIPLINE AGGREGATE REVENUE AGGREGATE SPENDING ALLOCATION OF RESOURCES ANNUAL BUDGETARY PROCESS ANNUAL PLANS APPROPRIATION BANKS BENEFITS OF INVESTMENTS BUDGET ACTIVITIES BUDGET ALLOCATIONS BUDGET CONSTRAINT BUDGET CONSTRAINTS BUDGET COVERAGE BUDGET DISCIPLINE BUDGET DISCUSSION BUDGET EXECUTION BUDGET EXPENDITURE BUDGET FORMULATION BUDGET FORMULATION PROCESS BUDGET FRAMEWORK BUDGET IMPLEMENTATION BUDGET MANAGEMENT BUDGET NEGOTIATIONS BUDGET PATHOLOGIES BUDGET PREPARATION BUDGET PREPARATION PROCESS BUDGET PROCESS BUDGET PROJECTIONS BUDGET REFORM BUDGET REFORMS BUDGET RESOURCES BUDGET SUPPORT BUDGET SYSTEM BUDGETARY OUTCOMES BUDGETARY REFORM CAPACITY CONSTRAINTS CAPITAL BUDGET CAPITAL EXPENDITURE CASH BUDGET CASH FLOW CASH FLOWS CASH MANAGEMENT CENTRAL AGENCIES CENTRAL BANK CENTRAL GOVERNMENT CIVIL SERVICE CORRUPTION COST INFORMATION COUNTERPART FUNDING COUNTERPART FUNDS CREDIBILITY CURRENT DEBT DEBT DEBT LEVELS DEBT SERVICING DECENTRALIZATION DECISION-MAKING DEFICIT FINANCING DISBURSEMENT DISBURSEMENTS DOMESTIC BORROWING DOMESTIC REVENUE DONOR ASSISTANCE DONOR FINANCING DONOR FUND DONOR FUNDING DONOR FUNDS DONOR RESOURCES DONOR SUPPORT ECONOMIC CRISIS ECONOMIC GROWTH ECONOMIC RECOVERY ECONOMIC SHOCKS EFFICIENCY GAINS EFFICIENCY OF PUBLIC SPENDING EFFICIENCY OF RESOURCE USE EXPENDITURE EXPENDITURE MANAGEMENT EXPENDITURE OUTCOMES EXPENDITURE RATIONALIZATION EXTERNAL AID EXTERNAL ASSISTANCE EXTERNAL FINANCING FINANCIAL CIRCUMSTANCES FINANCIAL CONSTRAINTS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL SECTOR FINANCIAL SUPPORT FINANCING SHORTFALLS FISCAL ADJUSTMENT FISCAL BALANCE FISCAL CONSEQUENCES FISCAL DEFICIT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL FRAMEWORK FISCAL LIMITS FISCAL MANAGEMENT FISCAL POLICY FISCAL PRESSURES FISCAL RISKS FISCAL SAVINGS FISCAL STABILITY FISCAL STRATEGY FOREIGN FINANCING GOVERNMENT CAPACITY GOVERNMENT EXPENDITURE GOVERNMENT PERFORMANCE GOVERNMENT POLICY GOVERNMENT REVENUE GOVERNMENT SPENDING HUMAN CAPITAL HUMAN CAPITAL DEVELOPMENT HUMAN DEVELOPMENT IMMUNIZATION INCOME GROWTH INDEBTED INDEBTED POOR COUNTRY INFRASTRUCTURE SECTOR INSTITUTIONAL CAPACITY INSTITUTIONAL DEVELOPMENT INTERNATIONAL FINANCIAL INSTITUTIONS INVESTMENT PROJECTS JUDGMENT KEY CHALLENGE LEGAL FRAMEWORK LEGAL FRAMEWORKS MACROECONOMIC FRAMEWORK MANAGEMENT OF ASSETS MEDIUM TERM EXPENDITURE MEDIUM TERM EXPENDITURE FRAMEWORK MEDIUM TERM FISCAL STRATEGY MEDIUM-TERM PLANNING MINISTRY OF FINANCE NATIONAL PLANNING OPERATIONAL EFFICIENCY OPPORTUNISTIC BEHAVIOR PERFORMANCE BUDGETING PERFORMANCE INFORMATION POLICY DECISIONS POLICY DESIGN POLICY FORMULATION POLITICAL UNCERTAINTY POVERTY REDUCTION POVERTY REDUCTION STRATEGY PRIVATE SECTOR PROGRAMS PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC FINANCE PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC POLICY PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR REFORM PUBLIC SERVICE PUBLIC SERVICES RECURRENT EXPENDITURES REFORM ACTIONS RESOURCE ALLOCATION RESOURCE ALLOCATION DECISIONS RESOURCE AVAILABILITY RESOURCE FLOWS RESOURCE IMPLICATIONS RESOURCE LEVELS RESOURCE MANAGEMENT RETURNS REVENUE GROWTH REVOLVING FUNDS ROAD CONSTRUCTION RURAL ACCESS SECTOR BUDGET SECTOR MINISTRIES SECTORAL ALLOCATION SECTORAL CEILING SERVICE DELIVERY SERVICE RECIPIENTS SOCIAL INDICATORS SOLVENCY STRATEGIC POLICY STRATEGIC PRIORITIES TAX TAX EFFORT TECHNICAL ASSISTANCE TOTAL EXPENDITURE TRANSPARENCY TREASURY TREASURY SYSTEM UNCERTAINTY UNREALISTIC BUDGETS WITHDRAWAL WITHDRAWAL OF FUNDS |
author |
Bajracharya, Roshan Darshan Biletska, Nataliya Rajaram, Anand |
author_facet |
Bajracharya, Roshan Darshan Biletska, Nataliya Rajaram, Anand |
author_sort |
Bajracharya, Roshan Darshan |
title |
Reforms under Fiscal Stress : A Policy Note on the Priorities for Fiscal and Budget Reform in Nepal |
title_short |
Reforms under Fiscal Stress : A Policy Note on the Priorities for Fiscal and Budget Reform in Nepal |
title_full |
Reforms under Fiscal Stress : A Policy Note on the Priorities for Fiscal and Budget Reform in Nepal |
title_fullStr |
Reforms under Fiscal Stress : A Policy Note on the Priorities for Fiscal and Budget Reform in Nepal |
title_full_unstemmed |
Reforms under Fiscal Stress : A Policy Note on the Priorities for Fiscal and Budget Reform in Nepal |
title_sort |
reforms under fiscal stress : a policy note on the priorities for fiscal and budget reform in nepal |
publisher |
World Bank, Washington, DC |
publishDate |
2012 |
url |
http://documents.worldbank.org/curated/en/2012/01/16509813/reforms-under-fiscal-stress-policy-note-priorities-fiscal-budget-reform-nepal https://hdl.handle.net/10986/12645 |
work_keys_str_mv |
AT bajracharyaroshandarshan reformsunderfiscalstressapolicynoteontheprioritiesforfiscalandbudgetreforminnepal AT biletskanataliya reformsunderfiscalstressapolicynoteontheprioritiesforfiscalandbudgetreforminnepal AT rajaramanand reformsunderfiscalstressapolicynoteontheprioritiesforfiscalandbudgetreforminnepal |
_version_ |
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dig-okr-10986126452024-08-08T14:59:41Z Reforms under Fiscal Stress : A Policy Note on the Priorities for Fiscal and Budget Reform in Nepal Bajracharya, Roshan Darshan Biletska, Nataliya Rajaram, Anand ACCOUNTABILITY ADVERSE CONSEQUENCES AGGREGATE FISCAL AGGREGATE FISCAL DISCIPLINE AGGREGATE REVENUE AGGREGATE SPENDING ALLOCATION OF RESOURCES ANNUAL BUDGETARY PROCESS ANNUAL PLANS APPROPRIATION BANKS BENEFITS OF INVESTMENTS BUDGET ACTIVITIES BUDGET ALLOCATIONS BUDGET CONSTRAINT BUDGET CONSTRAINTS BUDGET COVERAGE BUDGET DISCIPLINE BUDGET DISCUSSION BUDGET EXECUTION BUDGET EXPENDITURE BUDGET FORMULATION BUDGET FORMULATION PROCESS BUDGET FRAMEWORK BUDGET IMPLEMENTATION BUDGET MANAGEMENT BUDGET NEGOTIATIONS BUDGET PATHOLOGIES BUDGET PREPARATION BUDGET PREPARATION PROCESS BUDGET PROCESS BUDGET PROJECTIONS BUDGET REFORM BUDGET REFORMS BUDGET RESOURCES BUDGET SUPPORT BUDGET SYSTEM BUDGETARY OUTCOMES BUDGETARY REFORM CAPACITY CONSTRAINTS CAPITAL BUDGET CAPITAL EXPENDITURE CASH BUDGET CASH FLOW CASH FLOWS CASH MANAGEMENT CENTRAL AGENCIES CENTRAL BANK CENTRAL GOVERNMENT CIVIL SERVICE CORRUPTION COST INFORMATION COUNTERPART FUNDING COUNTERPART FUNDS CREDIBILITY CURRENT DEBT DEBT DEBT LEVELS DEBT SERVICING DECENTRALIZATION DECISION-MAKING DEFICIT FINANCING DISBURSEMENT DISBURSEMENTS DOMESTIC BORROWING DOMESTIC REVENUE DONOR ASSISTANCE DONOR FINANCING DONOR FUND DONOR FUNDING DONOR FUNDS DONOR RESOURCES DONOR SUPPORT ECONOMIC CRISIS ECONOMIC GROWTH ECONOMIC RECOVERY ECONOMIC SHOCKS EFFICIENCY GAINS EFFICIENCY OF PUBLIC SPENDING EFFICIENCY OF RESOURCE USE EXPENDITURE EXPENDITURE MANAGEMENT EXPENDITURE OUTCOMES EXPENDITURE RATIONALIZATION EXTERNAL AID EXTERNAL ASSISTANCE EXTERNAL FINANCING FINANCIAL CIRCUMSTANCES FINANCIAL CONSTRAINTS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL SECTOR FINANCIAL SUPPORT FINANCING SHORTFALLS FISCAL ADJUSTMENT FISCAL BALANCE FISCAL CONSEQUENCES FISCAL DEFICIT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL FRAMEWORK FISCAL LIMITS FISCAL MANAGEMENT FISCAL POLICY FISCAL PRESSURES FISCAL RISKS FISCAL SAVINGS FISCAL STABILITY FISCAL STRATEGY FOREIGN FINANCING GOVERNMENT CAPACITY GOVERNMENT EXPENDITURE GOVERNMENT PERFORMANCE GOVERNMENT POLICY GOVERNMENT REVENUE GOVERNMENT SPENDING HUMAN CAPITAL HUMAN CAPITAL DEVELOPMENT HUMAN DEVELOPMENT IMMUNIZATION INCOME GROWTH INDEBTED INDEBTED POOR COUNTRY INFRASTRUCTURE SECTOR INSTITUTIONAL CAPACITY INSTITUTIONAL DEVELOPMENT INTERNATIONAL FINANCIAL INSTITUTIONS INVESTMENT PROJECTS JUDGMENT KEY CHALLENGE LEGAL FRAMEWORK LEGAL FRAMEWORKS MACROECONOMIC FRAMEWORK MANAGEMENT OF ASSETS MEDIUM TERM EXPENDITURE MEDIUM TERM EXPENDITURE FRAMEWORK MEDIUM TERM FISCAL STRATEGY MEDIUM-TERM PLANNING MINISTRY OF FINANCE NATIONAL PLANNING OPERATIONAL EFFICIENCY OPPORTUNISTIC BEHAVIOR PERFORMANCE BUDGETING PERFORMANCE INFORMATION POLICY DECISIONS POLICY DESIGN POLICY FORMULATION POLITICAL UNCERTAINTY POVERTY REDUCTION POVERTY REDUCTION STRATEGY PRIVATE SECTOR PROGRAMS PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC FINANCE PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC POLICY PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR REFORM PUBLIC SERVICE PUBLIC SERVICES RECURRENT EXPENDITURES REFORM ACTIONS RESOURCE ALLOCATION RESOURCE ALLOCATION DECISIONS RESOURCE AVAILABILITY RESOURCE FLOWS RESOURCE IMPLICATIONS RESOURCE LEVELS RESOURCE MANAGEMENT RETURNS REVENUE GROWTH REVOLVING FUNDS ROAD CONSTRUCTION RURAL ACCESS SECTOR BUDGET SECTOR MINISTRIES SECTORAL ALLOCATION SECTORAL CEILING SERVICE DELIVERY SERVICE RECIPIENTS SOCIAL INDICATORS SOLVENCY STRATEGIC POLICY STRATEGIC PRIORITIES TAX TAX EFFORT TECHNICAL ASSISTANCE TOTAL EXPENDITURE TRANSPARENCY TREASURY TREASURY SYSTEM UNCERTAINTY UNREALISTIC BUDGETS WITHDRAWAL WITHDRAWAL OF FUNDS This note, first of the several on fiscal management and policy option notes planned, provides a concise assessment of the achievements to date of the ongoing reforms to budget management in Nepal and concludes with some guidance on the key focus areas of fiscal policy and expenditure management over the near and medium term. It is a selective assessment that looks at major aspects of the policy and budget process with a view to identifying areas for strategic focus, rather than a detailed rendering of the reforms. The note highlights the fiscal challenges that are assuming increasing prominence and which must be addressed by policy decisions and medium term reforms. While recognizing the uniqueness of Nepal's initial conditions, capacities and current security related challenges, the note takes account of international experience in implementing such reforms. The note starts with the economic and political background. The second section reviews fiscal trends and outlines issues to be considered by a fiscal strategy. The third section discusses institutional issues to strengthen the budget process. 2013-03-12T13:33:03Z 2013-03-12T13:33:03Z 2012 http://documents.worldbank.org/curated/en/2012/01/16509813/reforms-under-fiscal-stress-policy-note-priorities-fiscal-budget-reform-nepal https://hdl.handle.net/10986/12645 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank application/pdf text/plain World Bank, Washington, DC |