Expenditure Policies Toward EU Accession

The report discusses the set of public expenditure policies that might be conducive to rapid growth, and convergence among Central and Eastern European countries. It was left to others' complementary contributions, to discuss two other key dimensions of expenditure reforms: the overall macroeconomic framework in which they take place, and to which they contribute, and, the institutional and political economy conditions under which successful reform strategies can be designed, find political support, and be implemented. In this report, the authors seek to take stock of the countries' own public expenditure policy objectives, and to distill the best practices and lessons learned in the design of expenditure reforms within those countries. And, the authors conclude that the general thrust of the expenditure strategies candidate countries have put forward, in their (European Union) pre-accession economic programs, appears both appropriate, and at least theoretically feasible. The report highlights ways in which key expenditure programs could be redirected to be more fully supportive of growth objectives, as well as the factors related to a country's political economy, and to the institutional framework of public resource management, which will undoubtedly play a determining role in framing what actual policy choices will eventually be made.

Bibliographic Details

Main Author:	Funck, Bernard
Language:	English en_US
Published:	Washington, DC: World Bank 2003
Subjects:	AGING, AIR, ASSETS, BALANCE SHEETS, BANK PRIVATIZATION, BANK RESTRUCTURING, BANKING INDUSTRY, BANKING SECTOR, BANKRUPTCY, BUDGET CONSTRAINTS, BUDGET FINANCING, CENTRAL GOVERNMENT, COAL, COMMERCIAL BANKS, CONSENSUS, CONSOLIDATION, CORRUPTION, COURT RESTRUCTURING, DEBT, DECENTRALIZATION, DEFICITS, ECOLOGY, ECONOMIC GROWTH, ECONOMIES OF SCALE, ENTERPRISE RESTRUCTURING, ETHNIC MINORITIES, EXCHANGE RATE, EXPENDITURE, EXPENDITURE REFORM, EXTERNALITIES, FINANCIAL DISCIPLINE, FINANCIAL PERFORMANCE, FINANCIAL POLICIES, FINANCING SOURCES, FISCAL, FISCAL COSTS, FISCAL POLICY, FOREIGN BANKS, GOVERNMENT SIZE, HEALTH CARE, HUMAN CAPITAL, INCOME, INNOVATION, INSTITUTIONAL FRAMEWORK, LABOR MARKET, LABOR PRODUCTIVITY, LABOR SHEDDING, LEGISLATURE, LIQUIDATION, LOCAL GOVERNMENTS, MANAGERS, MINES, MOTIVATION, NATIONAL GOVERNMENTS, NONPERFORMING LOANS, PARENTS, PENSIONS, POLITICAL ECONOMY, POTENTIAL INVESTORS, PRIVATE SECTOR, PRIVATE SECTOR PARTICIPATION, PUBLIC EXPENDITURE, PUBLIC EXPENDITURES, PUBLIC FINANCES, PUBLIC INVESTMENT, PUBLIC RESOURCES, PUBLIC SPENDING, PUBLIC UTILITIES, QUALITY OF LIFE, REDUCTION IN EMPLOYMENT, REDUNDANCY, REGULATORY FORBEARANCE, REHABILITATION, REORGANIZATION, SCHOOLS, SOCIAL INSURANCE, SOCIAL POLICY, SOCIAL PROTECTION, SOCIAL SECTORS, SOCIAL SECURITY, STATE BUDGET, SUBSIDIARY, SUSTAINABLE GROWTH, TAX ARREARS, TAXATION, TRADEOFFS, TRANSPORT, USER CHARGES, WAGES, WASTE, WORKERS PUBLIC EXPENDITURES, PUBLIC POLICY, EUROPEAN UNION MEMBERSHIP, GROWTH POLICY, REFORM POLICY, ECONOMIC POLICY, PUBLIC RESOURCES MANAGEMENT,
Online Access:	http://documents.worldbank.org/curated/en/2003/01/2130194/expenditure-policies-toward-eu-accession https://hdl.handle.net/10986/15173
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