Belarus : Strengthening Public Resource Management

This report, the first Public Expenditure Review of Belarus, will remain focused on broad systemic questions. A number of the problems emphasized in the subsequent chapters fall into four broad categories. These categories are all closely interrelated: The complicated array of extrabudgetary and quasi-fiscal sources of state finance imposes substantial losses on the economy. Budgetary preparation and approval lacks focus, realism, and an appropriate balance of political influence. The implementation of the budget suffers from excessively weak legality, and allows for too much discretion in the allocation and re-allocation of state expenditures. The connection between state objectives and public expenditures is often unclear or weak. There are many recommendations for changes that could help to improve fiscal discipline, strengthen allocative effectiveness and improve the technical efficiency, we present the most critical actions that are needed: Improve realism in budgetary planning and the management of state obligations. Develop institutions to support commitment to budgetary implementation. Expand the coverage of the budget to account for most activities with fiscal impact. Develop a framework for identifying, quantifying and addressing fiscal risks. Develop a sustainable wage and compensation policy. Streamline subsidies to the productive sectors. Focus on development of sector strategies, one or two sectors at a time: identify objectives, determine performance measures and the links between inputs and positive outcomes. Improve the short and medium term revenue and expenditure forecasting capacity. Put in place systematic rules for budget revision. Introduce guidelines for the allocation of resources in the event of unexpected inflation, cash shortages, or surpluses. Develop a concept of accountability beyond the Ministry of Finance and budget.

Bibliographic Details

Main Author:	World Bank
Format:	Public Expenditure Review biblioteca
Language:	English en_US
Published:	Washington, DC 2003-06-20
Subjects:	ACCOUNT, ACCOUNTABILITY, ACCOUNTS, ADMINISTRATIVE ARRANGEMENTS, AGGREGATE FISCAL DISCIPLINE, ALLOCATIVE EFFICIENCY, APPROPRIATIONS, AUDITING, AUDITORS, AUTHORITY, AUTONOMY, BANKING SECTOR, BILLS, BUDGET CLASSIFICATION, BUDGET DEFICIT, BUDGET EXECUTION, BUDGET EXPENDITURES, BUDGET IMPLEMENTATION, BUDGET PROCESS, BUDGET SYSTEM, BUDGETARY ALLOCATION, BUDGETARY ALLOCATIONS, BUDGETARY ASSISTANCE, BUDGETARY EXPENDITURES, BUDGETARY INSTITUTIONS, BUDGETARY PROCESS, BUDGETARY PROCESSES, CAPITAL EXPENDITURES, CAPITAL FORMATION, CASH MANAGEMENT, COMMERCIAL BANKS, CONSENSUS, CONSOLIDATED EXPENDITURES, CONSOLIDATION, COST EFFECTIVENESS, COUNCIL OF MINISTERS, CPI, CROSS SUBSIDIES, DEBT, DEBT SERVICING, DEFICITS, DEPOSITS, ECONOMIC ACTIVITY, ECONOMIC DEVELOPMENT, EFFECTIVE ALLOCATION, EMPLOYMENT, EXCHANGE RATE, EXECUTING AGENCIES, EXECUTION, EXPENDITURE CATEGORIES, EXPENDITURE OBLIGATIONS, EXPENDITURE REFORM, EXTRABUDGETARY FUNDS, FINANCIAL ACCOUNTABILITY, FINANCIAL DISCIPLINE, FINANCIAL SECTOR, FISCAL, FISCAL DISCIPLINE, FISCAL POLICY, FISCAL REFORM, FISCAL SUSTAINABILITY, FOREIGN DIRECT INVESTMENT, FOREIGN RESERVES, GOVERNMENT AGENCIES, GOVERNMENT EXPENDITURES, GOVERNMENT FINANCE, GOVERNMENT REVENUES, GOVERNMENT SPENDING, HOUSING, IMPORTS, INCOME, INFLATION, INTEREST RATES, INVENTORIES, INVENTORY, LEGAL FRAMEWORK, LEGAL REGULATIONS, LEGALITY, LEGISLATION, LOAN GUARANTEES, LOBBYING, MACROECONOMIC STABILITY, MANDATES, MARKET VALUE, MINISTRY OF FINANCE, OPEN MARKET OPERATIONS, OPPORTUNITY COSTS, PENSIONS, POLICY MAKERS, PRICE SUBSIDIES, PRIVATE SECTOR, PROFITABILITY, PRUDENTIAL REGULATIONS, PUBLIC BUDGETING, PUBLIC EXPENDITURE, PUBLIC EXPENDITURE MANAGEMENT, PUBLIC EXPENDITURE REFORM, PUBLIC EXPENDITURE REVIEW, PUBLIC EXPENDITURES, PUBLIC FINANCE, PUBLIC FUNDS, PUBLIC RESOURCES, PUBLIC SERVICE, PUBLIC SERVICE DELIVERY, PUBLIC UTILITIES, REPRESENTATIVES, RESOURCE ALLOCATION, SOCIAL ASSISTANCE, SOCIAL POLICY, SOCIAL PROTECTION, SOCIAL SAFETY, SOCIAL SAFETY NET, SOCIAL SECURITY, STATE BUDGET, STATE BUDGETS, STATE CONTROL, STATE FINANCE, STATE OWNERSHIP, STATE PROCUREMENT, STATE RESOURCES, STATE SECTOR, SUBNATIONAL GOVERNMENTS, SUSTAINABLE GROWTH, TAX, TAX COLLECTION, TAX DISCIPLINE, TAX SYSTEM, TAXATION, TRADEOFFS, TRANSITION ECONOMIES, TRANSPARENCY, TRANSPORT, TREASURY, WAGES PUBLIC RESOURCES, MANAGEMENT, TECHNICAL EFFICIENCY, BUDGET POLICY & PLANNING, FISCAL MANAGEMENT, COMPENSATION PROGRAMS, SUBSIDIES, SECTOR STRATEGIES, REVENUES, EXPENDITURE, BUDGET ANALYSIS, INFORMATION ACCESS POLICY,
Online Access:	http://documents.worldbank.org/curated/en/2003/06/2462985/belarus-strengthening-public-resource-management http://hdl.handle.net/10986/14618
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