Serbia and Montenegro : Public Expenditure and Institutional Review, Volume 2. Serbia

This Public Expenditure and Institutional Review (PEIR) aims to help the government of the Federal Republic of Yugoslavia (FRY) in taking their public expenditure reforms further. It analyzes public expenditure practices, and institutions of the two Republics - Serbia and Montenegro - and of the Federal Government, and, evaluates their decision-making, and implementation processes. The cross-cutting topics of the PEIR are: sustainability of public expenditures; strategic allocation of public spending, to maximize growth and welfare within fiscally sustainable limits; and, accountability of the public expenditure system, needed to maintain domestic, and international support for the reconstruction programs of the two Republics. The success of reforms depends on difficult strategic choices: 1) the inherited, distorted fiscal systems, and inefficient budget management practices, call for a realistic focus in selecting the goals of reform; 2) the best solution choice must be derived from the existing structures, and practices; and, 3) the Governments of Serbia and Montenegro should focus on deepening the reforms already initiated, rather than launching a number of new ones. The first volume provides an overview of the public expenditure reform agenda; volume two focuses on the Republic of Serbia and the Federal Government, while volume three discusses public expenditure management issues in Montenegro. The public expenditure problems of the Federal level receive a somewhat limited treatment, as the contours of the future union government takes shape. Similarly, challenges of fiscal decentralization below the Republic level, receive only a brief treatment, actually only in the Serbia volume.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2003-02
Subjects:	ACCOUNTABILITY, ANTI- CORRUPTION, ANTI-CORRUPTION, ANTI-CORRUPTION STRATEGY, BALANCE SHEET, BALANCE SHEETS, BANKING SECTOR, BANKING SYSTEM, BORROWING, BUDGET DEFICITS, BUDGET EXECUTION, BUDGET EXPENDITURES, BUDGET FINANCING, BUDGET FORMULATION, BUDGET MANAGEMENT, BUDGET PROCESS, BUDGET SYSTEM, BUDGETARY FUNDS, CAPITAL MARKETS, CASH BUDGETS, CITIZENS, CIVIL SERVICE, COMMERCIAL CREDITORS, CONSTITUTION, CONSTITUTIONAL CHANGE, COUNCIL OF MINISTERS, CREDITWORTHINESS, DECISION-MAKING, DEPOSITS, EBF, ECONOMIC GROWTH, ECONOMIC POLICIES, EIB, ELECTRICITY, ENTERPRISE RESTRUCTURING, EQUITY CAPITAL, EVASION, EXCHANGE RATES, EXECUTION, EXPENDITURE REFORM, EXTRABUDGETARY FUNDS, FEDERAL BUDGETS, FEDERAL GOVERNMENT, FINANCIAL ACCOUNTABILITY, FINANCIAL DIFFICULTIES, FINANCIAL INTERMEDIATION, FINANCIAL MANAGEMENT, FINANCIAL RESOURCES, FINANCIAL SUPPORT, FISCAL, FISCAL COSTS, FISCAL DECENTRALIZATION, FISCAL DEFICIT, FISCAL DEFICITS, FISCAL POLICIES, FISCAL POLICY, FISCAL STANCE, FISCAL SUSTAINABILITY, FISCAL TRANSPARENCY, FOREIGN CURRENCY DEPOSITS, FOREIGN DIRECT INVESTMENT, FOREIGN EXCHANGE, FOREIGN EXCHANGE POLICIES, FOREIGN INVESTMENT, FOREIGN RESERVES, GOVERNMENT AGENCIES, GOVERNMENT SPENDING, GROSS DOMESTIC PRODUCT, HEALTH SERVICES, INFLATION, INSOLVENT, INSOLVENT BANKS, INSTITUTIONAL FRAMEWORK, LABOR MARKET, LAWS, LEGAL ENTITIES, LEGISLATION, LEVELS OF GOVERNMENT, LIQUIDATION, LOCAL GOVERNMENTS, LONDON CLUB, MARKET DISCIPLINE, MINISTRY OF FINANCE, MONETARY POLICIES, NATIONS, PENSIONS, POLITICAL INTERFERENCE, PREFERENTIAL TAX TREATMENT, PRESIDENCY, PRIVATIZATION, PRODUCTIVITY, PROPERTY RIGHTS, PUBLIC DEBT, PUBLIC ENTERPRISES, PUBLIC EXPENDITURE, PUBLIC EXPENDITURE MANAGEMENT, PUBLIC EXPENDITURE REFORM, PUBLIC EXPENDITURES, PUBLIC FINANCE, PUBLIC FINANCE SYSTEM, PUBLIC FUNDS, PUBLIC HEALTH, PUBLIC HEALTH EXPENDITURE, PUBLIC PROCUREMENT, PUBLIC SECTOR, PUBLIC SECTOR DEFICIT, PUBLIC SERVICE, PUBLIC SERVICE EMPLOYMENT, PUBLIC SERVICES, PUBLIC SPENDING, PUBLIC TRANSPORTATION, REPRESENTATIVES, REPUBLICS, RETIREMENT, REVENUE PERFORMANCE, SALES TAXES, SHORT-TERM DEBT, SOCIAL INSURANCE, SOCIAL POLICIES, SOCIAL PROGRAMS, SOCIAL PROTECTION, TAX, TAX COLLECTION, TAX COMPLIANCE, TAX RATE, TAX REVENUES, TAX SYSTEM, TRANSITION ECONOMIES, TREASURY, UTILITIES, WAGES, WATER SUPPLY PUBLIC EXPENDITURES; INSTITUTIONAL ANALYSIS; INSTITUTIONAL CAPACITY; FEDERAL GOVERNMENTS; REFORM POLICY; REFORM IMPLEMENTATION; PUBLIC SPENDING; ALLOCATION OF GOVERNMENT RESOURCES; GROWTH PROMOTION; WELFARE ECONOMICS; FISCAL CONSOLIDATION; POST-CONFLICT RECONSTRUCTION; FISCAL CONSTRAINTS; BUDGET MANAGEMENT; GOVERNMENT ACCOUNTING STANDARDS; GOVERNMENTAL REFORM,
Online Access:	http://documents.worldbank.org/curated/en/2003/02/2210545/serbia-montenegro-public-expenditure-institutional-review-vol-2-3-serbia https://hdl.handle.net/10986/14823
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