Gabon Public Expenditure Review : Better Management of Public Finance to Achieve Millennium Development Goals

Although Gabon has witnessed a significant decline in oil production over the last fifteen years, it still generates significant oil revenue which, due to its small population enables the country to have a per capita gross national income that is among the highest in Africa (8643 USD in 2010) and to be classified as an upper-middle income country. Despite this high level of wealth, the country is ranked 106th out of 187 countries in the Human Development Index of the United Nations (0.674 in 2011). Consequently, the major challenge for Gabon remains the effective use of its oil resources to diversify its economy, improve its basic social services and infrastructure, while accumulating financial savings that will enable the country to avoid sudden and sharp cuts in public spending once the oil resources have been used up. The Growth and Poverty Reduction Strategy Paper (GPRSP) that covered the period from 2006 to 2008 targeted the reversal of the downward trend of the main development indicators and a significant improvement in the living conditions of the population. It was prepared using a consultative approach, based on the broad participation of civil society, and results-oriented, with the ultimate goal of achieving the Millennium Development Goals (MDGs). It was structured around four strategy areas: (i) promoting strong, sustainable, high quality and pro-poor economic growth, (ii) significantly improving access of the entire population to basic social services, (iii) improving infrastructure, and (iv) promoting good governance. The analysis of budgetary expenditure in the priority sectors during the period 2006-08, shows that this expenditure was far below the envisaged envelopes. The achievement rates for road programs fluctuate between 0 percent and 55 percent. This may partly explain the slow progress towards achieving the millennium development goals (MDGs).

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2012-03
Subjects:	ACCOUNTING, ACCOUNTING FRAMEWORK, ADMINISTRATIVE BARRIERS, AGING, AGRICULTURAL SECTOR, ALLOCATION, ALLOCATION OF EXPENDITURE, AMOUNT OF CREDITS, ANNUAL BUDGET, ANNUAL RATE, ANNUAL REPORT, AUDITORS, BALANCE OF PAYMENTS, BALANCE SHEET, BANKING SYSTEM, BASIC SERVICES, BASIC SOCIAL SERVICES, BUDGET ALLOCATIONS, BUDGET DEFICIT, BUDGET EXECUTION, BUDGET IMPLEMENTATION, BUDGET LAW, BUDGET PLANNING, BUDGET PREPARATION, BUDGET STRUCTURE, BUDGET SURPLUS, BUDGET SURPLUSES, BUDGETARY ALLOCATION, BUDGETARY ALLOCATIONS, BUDGETARY DECISIONS, BUDGETARY EXPENDITURE, BUDGETARY EXPENDITURES, BUDGETARY POLICY, BUDGETARY RESOURCES, BUDGETARY REVENUES, BUDGETING, CAPACITY BUILDING, CAPITAL BUDGET, CAPITAL EXPENDITURE, CAPITAL SPENDING, CENTRAL BANK, CIVIL SERVANTS, CIVIL SERVICE, CLINICS, CONTRACTUAL OBLIGATIONS, CORRUPTION, CURRENCY, CURRENT ACCOUNT, CURRENT ACCOUNT SURPLUS, DEBT, DEBT MANAGEMENT, DEBT POLICY, DEBT SERVICING, DEBTS, DEVELOPMENT BANK, DEVELOPMENT CORPORATION, DIGITAL ECONOMY, DISASTERS, DISBURSEMENT, DIVERSIFICATION, DOMESTIC ARREARS, DOMESTIC DEBT, DOMESTIC MARKET, ECONOMIC ACTIVITY, ECONOMIC GROWTH, ECONOMIC POLICY, ECONOMIC RECOVERY, ECONOMIC REFORMS, EDUCATION BUDGET, EDUCATION PROGRAMS, EDUCATION SERVICES, EFFICIENCY GAINS, EFFICIENCY OF GOVERNMENT SPENDING, ELECTRICITY, EMPLOYMENT SITUATION, ENROLLMENT, EQUIPMENT, EVALUATION OF PROJECTS, EXCHANGE RATE, EXPENDITURES, EXTERNAL DEBT, EXTERNAL FINANCING, EXTREME POVERTY, FINANCIAL AFFAIRS, FINANCIAL CONTROL, FINANCIAL CRISIS, FINANCIAL MANAGEMENT, FINANCIAL PERFORMANCE, FINANCIAL RESOURCES, FINANCIAL SAVINGS, FINANCIAL YEARS, FISCAL BALANCE, FISCAL DEFICIT, FISCAL MANAGEMENT, FISCAL POLICY, FISCAL REFORMS, FISCAL REVENUE, FISCAL SURPLUS, GROSS DOMESTIC PRODUCT, GROWTH RATE, GUARANTEE FUND, HEALTH CARE, HEALTH CARE COSTS, HEALTH CENTERS, HEALTH INDICATORS, HEALTH PROGRAMS, HEALTH SECTOR, HEALTH SERVICES, HOUSING, HUMAN CAPITAL, HUMAN DEVELOPMENT, IMPROVING BUDGET EXECUTION, INCOME LEVELS, INFLATION, INFLATIONARY PRESSURES, INFORMATION SYSTEM, INFRASTRUCTURE DEVELOPMENT, INTERNATIONAL FINANCE, INTERNATIONAL FINANCIAL CRISIS, INTERVENTION, INVESTMENT ALLOCATION, INVESTMENT CLIMATE, INVESTMENT EXPENDITURE, INVESTMENT INCOME, INVESTMENT PROJECTS, INVESTMENT RATE, INVESTMENT SPENDING, JOB CREATION, LAWS, LIVING CONDITIONS, LOAN, MACROECONOMIC MANAGEMENT, MARKETING, MASTER PLAN, MEDICINES, MEDIUM-TERM EXPENDITURE, MEDIUM-TERM EXPENDITURE FRAMEWORK, MEDIUM-TERM EXPENDITURE FRAMEWORKS, MEDIUM-TERM FRAMEWORK, MINISTRY OF BUDGET, MINISTRY OF ECONOMY, MONETARY FUND, MONETARY POLICY, MORTALITY, MORTGAGE, NATIONAL AGENCY, NATIONAL DEBT, NATIONAL DEVELOPMENT, NATIONAL INCOME, NATIONAL PRIORITIES, NATURAL RESOURCES, OIL PRICES, OIL RESERVES, OIL RESOURCES, OPERATING EXPENDITURES, OPERATING EXPENSES, PAYMENT DELAYS, POVERTY ALLEVIATION, POVERTY REDUCTION, POVERTY REDUCTION STRATEGY, PREGNANT WOMEN, PRIMARY SCHOOLS, PRIVATE SECTOR, PROGRAM IMPLEMENTATION, PROGRAM OBJECTIVES, PROGRAMS, PROVISIONS, PUBLIC, PUBLIC ACCOUNTS, PUBLIC ADMINISTRATION, PUBLIC CONTRACTS, PUBLIC DEBT, PUBLIC EDUCATION, PUBLIC EXPENDITURE, PUBLIC EXPENDITURE REVIEW, PUBLIC FINANCE, PUBLIC FINANCE MANAGEMENT, PUBLIC FINANCES, PUBLIC INSTITUTIONS, PUBLIC INVESTMENT, PUBLIC INVESTMENTS, PUBLIC MANAGEMENT, PUBLIC PROCUREMENT, PUBLIC SECTOR, PUBLIC SPENDING, PUBLIC TREASURY, PUBLIC WORKS, QUALITY CONTROL, RESERVES, RESIDENTIAL LOAN, RETURNS, ROAD CONSTRUCTION, SAFETY NET, SANITATION, SCHOLARSHIPS, SECONDARY SCHOOLS, SECTOR BUDGETS, SECTOR PROGRAMS, SECTORAL ALLOCATIONS, SOCIAL DEVELOPMENT, SOCIAL INFRASTRUCTURE, SOCIAL SECURITY, SPENDING LEVELS, STATE AUDIT OFFICE, STATE BUDGET, STRUCTURAL REFORMS, TAXATION, TECHNICAL ASSISTANCE, TOTAL EXPENDITURE, TRANSPARENCY, UNEMPLOYMENT, UNEMPLOYMENT RATE, URBAN PLANNING, URBANIZATION, WORKERS,
Online Access:	http://documents.worldbank.org/curated/en/2012/03/16630495/gabon-public-expenditure-review-better-management-public-finance-achieve-millennium-development-goals https://hdl.handle.net/10986/18368
Tags:	Add Tag No Tags, Be the first to tag this record!