Serbia - Doing More with Less : Addressing the Fiscal Crisis by Increasing Public Sector Productivity

With its economy disrupted by the global economic crisis, the Serbian government faces tight budget constraints for several years to come. The Government has already responded by freezing wages and pension benefits and making cuts in capital works and other discretionary spending. These measures, while effective in the short term, are not necessarily sustainable over time. This report looks at more fundamental reforms in key public services, in order to identify opportunities for constraining expenditures through improvements in productivity. In 2010, the principal expenditure savings will instead continue to come from short term controls over expenditure aggregates: the freeze on pensions and wages and cuts in discretionary spending and capital works. The impact of the efficiency measures in this report will take more time to materialize. The Government should, nevertheless, make an immediate start. While the fiscal impact of these reforms will be evident over the medium term, their most important impact will be on the quality of public services. The reforms will stand Serbia in good stead even after economic growth resumes.

Bibliographic Details

Main Author:	World Bank
Language:	English
Published:	World Bank 2009-06-16
Subjects:	ACCOUNTING, ADDITIONAL CONTRIBUTIONS, ADDITIONAL SAVINGS, ADVERSE SELECTION, AGE OF RETIREMENT, AGED, AGING, ANNUAL SAVINGS, ARREARS, AVERAGE PENSION, AVERAGE WAGE, AVERAGE WAGE GROWTH, AVERAGE WAGES, BANKING SECTOR, BASIC BENEFIT, BASIC BENEFITS, BENEFICIARIES, BENEFIT LEVELS, BENEFIT RATE, BENEFIT RATES, BEST PRACTICE, BIRTH RATE, BUDGET CONSTRAINTS, CALCULATION, CAPACITY BUILDING, CAPITAL EXPENDITURES, CASH FLOW, CLINICS, COMMUNITY HEALTH, COMPLIANCE COSTS, CONTRIBUTION, CONTRIBUTION RATE, CONTRIBUTION RATES, CONTRIBUTIONS, COST EFFECTIVENESS, CREDIT GROWTH, CREDITS, CURRENT PENSION, CURRENT PRICES, DEBT, DEBT SERVICE, DEBTS, DEFICITS, DEFINED BENEFIT, DEFINED BENEFIT PENSION, DIABETES, DISABILITIES, DISABILITY, DISABILITY PENSIONS, DISMISSAL, DOMESTIC DEBT, EARLIER RETIREMENT, EARLY RETIREES, EARLY RETIREMENT, EARNINGS, ECONOMIC MANAGEMENT, ELDERLY, EMERGENCY MEDICAL CARE, EMPLOYEE, EMPLOYEE PENSION, EMPLOYER CONTRIBUTIONS, EPILEPSY, EQUIPMENT, EQUITY INVESTMENT, EU, EXERCISES, FAMILIES, FAMILY MEMBERS, FEMALE, FEMALES, FINANCIAL IMPACT, FINANCIAL PERFORMANCE, FINANCIAL POLICIES, FINANCIAL SERVICES, FINANCIAL SITUATION, FISCAL CONSTRAINTS, FISCAL DEFICIT, FISCAL POLICIES, FOREIGN FINANCING, FOREIGN INVESTORS, FRACTURES, FRAUD, FUNDED PENSION, GENDER, GLOBAL ECONOMY, GOVERNMENT BUDGET, GOVERNMENT EXPENDITURE, GOVERNMENT EXPENDITURES, GOVERNMENT REVENUE, GOVERNMENT REVENUES, GOVERNMENT SPENDING, GROSS WAGES, HEALTH CARE, HEALTH CARE SYSTEM, HEALTH EDUCATION, HEALTH INSURANCE, HEALTH INSURANCE FUND, HEALTH INSURANCE FUNDS, HEALTH OUTCOMES, HEALTH SERVICES, HEALTH SPENDING, HEALTH SYSTEM, HEALTH SYSTEMS, HOSPITALIZATION, HOSPITALS, HUMAN RESOURCES, INCOME, INCOME TAXES, INDIVIDUAL SAVINGS, INFECTIOUS DISEASES, INFLATION, INFLATION INDEXATION, INFRASTRUCTURE INVESTMENTS, INJURIES, INSTITUTIONAL CAPACITY, INTERGOVERNMENTAL TRANSFERS, INTERNATIONAL COMPARISONS, LABOR FORCE, LABOR FORCE PARTICIPATION, LABOR MARKET, LABOR MARKETS, LAWS, LEGAL ENTITIES, LEGISLATION, LEGISLATIVE FRAMEWORK, LEVEL OF EDUCATION, LIFE EXPECTANCY, LIFETIME, LOAN, LOCAL GOVERNMENT, LOCAL GOVERNMENTS, MEDICAL BENEFITS, MEDICAL CARE, MEDICINES, MONETARY FUND, MONTHLY INCOME, NATIONAL INVESTMENT, NOMINAL WAGE, NOMINAL WAGES, NORMAL RETIREMENT AGE, NOTIONAL ACCOUNT, NOTIONAL ACCOUNT SYSTEM, NURSES, PATIENT, PATIENTS, PAYMENT SYSTEM, PAYROLL TAX, PAYROLL TAXES, PENSION, PENSION ADMINISTRATION, PENSION BENEFITS, PENSION CONTRIBUTIONS, PENSION COSTS, PENSION EXPENDITURES, PENSION FRAMEWORK, PENSION FUND, PENSION FUNDS, PENSION LAW, PENSION OBLIGATIONS, PENSION PAYMENT, PENSION PAYMENTS, PENSION POLICY, PENSION REFORM, PENSION RIGHTS, PENSION SECTOR, PENSION SPENDING, PENSION SYSTEM, PENSION SYSTEM PARAMETERS, PENSIONABLE AGE, PENSIONERS, PENSIONS, PEPS, PERSONAL INCOME, PHARMACISTS, PHYSICIANS, PREGNANT WOMEN, PRIMARY EDUCATION, PRIMARY HEALTH CARE, PRIVATE INVESTORS, PRIVATE PENSION, PRODUCTIVITY, PROPERTY TAX, PUBLIC EXPENDITURE, PUBLIC EXPENDITURES, PUBLIC INVESTMENT, PUBLIC PENSION, PUBLIC SPENDING, PUBLIC SYSTEM, PURCHASING POWER, RAPID GROWTH, RATE OF GROWTH, RECESSION, RECURRENT COSTS, REMITTANCES, REPAYMENT, RESERVE, RESIGNATIONS, RESUMES, RETIRED, RETIREE, RETIREMENT AGE, RETIREMENT AGES, RETIREMENT BENEFITS, RETIREMENT PERIOD, RETURN, REVENUE COLLECTION, SALARIES, SALARY, SAVINGS, SAVINGS ACCOUNTS, SECONDARY EDUCATION, SECONDARY SCHOOLS, SEX, SIBLINGS, SICK LEAVE, SMALLER ENTERPRISES, SOCIAL ASSISTANCE, SOCIAL CONTRIBUTIONS, SOCIAL INSURANCE, SOCIAL INSURANCE CONTRIBUTIONS, SOCIAL INSURANCE FUNDS, SOCIAL PROTECTION, SOCIAL WELFARE, SURGERY, SURVIVOR PENSION, SURVIVOR PENSIONS, TAX BREAKS, UNEMPLOYED, UNEMPLOYMENT, WAGE GROWTH, WAGES, WIDOWERS, WIDOWS, WILL, WOMAN, WORKERS, WORKING AGE, WORKING AGE POPULATION, YEARS OF SERVICE,
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20090707000301 https://hdl.handle.net/10986/3061
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