Socialist People's Libyan Arab Jamahiriya : A Public Expenditure Review, Volume 1. Synthesis

Libya's 2008-12 development programs is the biggest and most ambitious Public Investment Program (PIP) ever. Public expenditure has also been pro-poor. Past outcomes show that Libyan authorities have worked on their macroeconomic and social fundamentals, so as to have a solid base to sustain its steady progress toward building a market-based economy and reintegrating into the world economy. Making optimal use of a sizable public expenditure, and especially public investment, is an essential component of achieving this strategy. The reports built upon the framework of fiscal management in oil-dependent economies, which features three parts. The first deals with collecting and saving oil revenues, leading to one stream of a large literature exploring both fiscal sustainability and the pros and cons of alternative models of an oil stabilization fund. The second deals with development spending, leading to a second stream of a large literature assessing standards in public investment and the many effects of sizable public investment programs. The third deals with financing current spending, such as wages, subsidies, or social programs, addressing the ongoing civil service reform and the Wealth Distribution Program (WDP).

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2009-09-30
Subjects:	ABSENTEEISM, ACCOUNTABILITY, ACCOUNTABILITY FRAMEWORK, ACCOUNTING, AGGREGATE CEILINGS, AGGREGATE EXPENDITURE, AGGREGATE EXPENDITURE CEILING, AGGREGATE FISCAL, AGGREGATE FISCAL DISCIPLINE, ANNUAL BUDGET, ANNUAL BUDGET CYCLE, ANNUAL BUDGETING, BASIC EDUCATION, BENEFICIARIES, BUDGET ALLOCATIONS, BUDGET CLASSIFICATION, BUDGET CONSTRAINT, BUDGET DECISIONS, BUDGET EXPENDITURE, BUDGET MANAGEMENT, BUDGET PREPARATION, BUDGET REFORM, BUDGET REQUESTS, BUDGET SYSTEM, BUDGET UNIFICATION, BUDGETARY CLASSIFICATION, BUDGETARY RESOURCES, BUDGETARY SYSTEM, BUDGETING PROCESS, CAPACITY BUILDING, CAPACITY-BUILDING, CAPITAL BUDGET, CAPITAL EXPENDITURE, CAPITAL EXPENDITURES, CAPITAL EXPENSES, CAPITAL SPENDING, CASH TRANSFERS, CENTRAL AUTHORITIES, CENTRAL AUTHORITY, CENTRAL BANK, CENTRAL GOVERNMENT, CIVIL SERVANTS, CIVIL SERVICE, CIVIL SERVICE REFORM, CONSUMER PRICE INDEX, COST-BENEFIT ANALYSIS, COST-EFFECTIVENESS, DECENTRALIZATION, DECISION-MAKING, DISCRETIONARY ALLOWANCES, DOMESTIC INVESTMENT, DUAL BUDGETING, ECONOMIC CONDITIONS, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, ECONOMIC PERFORMANCE, EDUCATION SYSTEM, EDUCATIONAL ACHIEVEMENT, EFFICIENCY OF PUBLIC SPENDING, ELECTRICITY, EXCHANGE RATE, EXPENDITURE ALLOCATIONS, EXPENDITURE ENVELOPE, EXPENDITURE ENVELOPES, EXPENDITURE GROWTH, EXPENDITURE LEVEL, EXPENDITURE LEVELS, EXPENDITURE PLANNING, EXPENDITURE PLANS, EXPENDITURE RESPONSIBILITY, FINANCE MINISTRY, FINANCIAL ACCOUNTING, FINANCIAL ASSETS, FINANCIAL STATISTICS, FISCAL ACCOUNTS, FISCAL BALANCE, FISCAL CONSTRAINTS, FISCAL DISCIPLINE, FISCAL IMPACT, FISCAL MANAGEMENT, FISCAL POLICY, FISCAL POSITION, FISCAL RESPONSIBILITY, FISCAL STANCE, FISCAL SURPLUS, FISCAL SUSTAINABILITY, FISCAL TARGETS, GOVERNMENT EXPENDITURE, GOVERNMENT PRIORITIES, GOVERNMENT REVENUE, GOVERNMENT SPENDING, GROSS DOMESTIC PRODUCT, HEALTH CARE, HEALTH SECTOR, HEALTH SERVICES, HOUSING, HUMAN DEVELOPMENT, INCOME DISTRIBUTION, INFLATION, INFORMATION TECHNOLOGY, INFRASTRUCTURE PROJECTS, INVESTMENT ACCORDING, LICENSES, LOCAL CURRENCY, LOCAL GOVERNMENTS, MACROECONOMIC FRAMEWORK, MACROECONOMIC MANAGEMENT, MACROECONOMIC MODEL, MACROECONOMIC PERFORMANCE, MACROECONOMIC STABILITY, MANAGERIAL EFFICIENCY, MARGINAL COST, MARGINAL COSTS, MARKET FAILURES, MARKET PRICES, MEASURED PERFORMANCE, MEDIUM-TERM EXPENDITURE, MEDIUM-TERM EXPENDITURE FRAMEWORK, MINISTERIAL AGENCIES, MINISTRIES OF FINANCE, MINISTRY OF FINANCE, MONETARY FUND, MUNICIPALITIES, NATIONAL DEVELOPMENT, NATIONAL INCOME, NATIONAL PLANNING, NEGATIVE EXTERNALITIES, NET PRESENT VALUE, OIL PRICES, OIL RESERVE, OPERATIONAL EXPENDITURES, PERFORMANCE INDICATORS, POLICY DECISIONS, POVERTY LEVEL, PRICE INDEX, PRICE STABILITY, PRIMARY DEFICITS, PRIVATE SECTOR, PRIVATE SECTOR PARTICIPATION, PROGRAMS, PROVISIONS, PUBLIC, PUBLIC ACCOUNTABILITY, PUBLIC ASSETS, PUBLIC EMPLOYEES, PUBLIC EMPLOYMENT, PUBLIC EXPENDITURE, PUBLIC EXPENDITURE GROWTH, PUBLIC EXPENDITURE MANAGEMENT, PUBLIC EXPENDITURE PATTERNS, PUBLIC EXPENDITURE REVIEW, PUBLIC FINANCES, PUBLIC INFRASTRUCTURE, PUBLIC INSTITUTIONS, PUBLIC INTEREST, PUBLIC INVESTMENT, PUBLIC INVESTMENT PROGRAM, PUBLIC INVESTMENT PROGRAMS, PUBLIC SECTOR, PUBLIC SECTOR REFORM, PUBLIC SERVANTS, PUBLIC SERVICE, PUBLIC SERVICE DELIVERY, PUBLIC SERVICES, PUBLIC SPENDING, QUALITY OF EDUCATION, QUALITY OF LIFE, QUALITY OF PUBLIC SPENDING, QUALITY OF SERVICES, REAL GROWTH, REFORM PROGRAM, REGULATORY FRAMEWORK, RESERVE FUND, ROAD MAINTENANCE, ROADS, SANITATION, SAVINGS, SECTORAL ALLOCATION, SECTORAL CEILINGS, SECTORAL POLICIES, SECTORAL POLICY, SERVICE DELIVERY, SERVICE PROVIDERS, SERVICE PROVISION, SOCIAL INFRASTRUCTURE, SOCIAL POLICIES, SOCIAL PROGRAMS, SOCIAL RETURNS, SOCIAL SERVICES, SPENDING DEMANDS, SUPERVISORY AUTHORITY, SUSTAINABILITY ANALYSIS, TRANSPARENCY, UNCERTAINTY, UNIVERSAL ACCESS, USER CHARGES, UTILITIES,
Online Access:	http://documents.worldbank.org/curated/en/2009/09/17235180/socialist-peoples-libyan-arab-jamahiriya-public-expenditure-review-vol-1-3-synthesis https://hdl.handle.net/10986/13257
Tags:	Add Tag No Tags, Be the first to tag this record!