Romania : Public Expenditure and Institutional Review : Main Report

World Bank

Romania : Public Expenditure and Institutional Review : Main Report

2010

World Bank

The government has embarked upon a comprehensive and difficult medium term program for reforming the public sector aimed at rebalancing the relation between revenue and spending and enhancing the efficiency and efficacy of service delivery. The Romanian economy has been hit hard by the global economic downturn. Latest estimates suggest that real Gross Domestic Product (GDP) may have contracted by around 7 percent in 2009, before modestly recovering in 2010. The severe decline in output has had a significant adverse effect on consolidated budget revenues, which fell substantially below the initial target in 2009. To prevent a further deterioration of the already large fiscal deficit, the shortfall in revenue has led to adjustments in spending. Consolidation of expenditure needs however continue in order to put public finances on a sustainable trajectory over the medium term. The report is structured in two volumes. The first volume synthesizes the menu of options suggested to reduce the short term gap between budget expenditure and revenues. It also highlights the key challenges and recommendations for improving efficiency and efficacy of spending in the sectors investigated. Volume two consists of the background analyses, with individual chapters dedicated to the fiscal framework; public pay; pensions; education; health; and agriculture. The report makes the case that, in the current crisis environment and consistent with experience worldwide, the gap between expenditure and revenue should be done primarily by reducing the level of current spending.

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AGROVOC Keywords

accountability accounting capacity building decentralization economic downturn emission gross domestic product health care health insurance health services income tax inflation inspection personnel management poverty reduction private sector public administration public budget public expenditure public finance public institutions public safety public sector public services quality assurance railways resource management roads safety social insurance social protection social security traffic transport infrastructure vehicles

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Publisher

World Bank

Other Subjects

Annual report; Railway networks; Automatic stabilizers; Health programs; Government spending; Railway network; Police; Tax administration; Budget deficit; Annual targets; Public service delivery; Emergency services; Government revenue; Income taxes; Public entities; Rolling stock; Budgetary allocations; Financial sector; Resource allocations; Annual budget process; Cost-effectiveness; Expenditure cuts; Performance analysis; Organizational structures; Passenger services; Public transportation; Health expenditures; Evaluation methodology; Social security contributions; Total public sector; Economies of scale; Budget execution; Mode of transport; Medical services; Social assistance; Rural infrastructure; Fiscal crisis; Road; Structural deficit; Appropriations; Pension fund; Tax system; Measurable indicators; Mobility; Net savings; Structural reforms; Medium-term expenditure framework; Health financing; Health ministry; Public pensions; Traffic intensity; Budget expenditure; Tax base; Fiscal imbalances; Demand for services; Capital expenditure; Service delivery; Passengers; Accountability for resources; Public financial management; Personnel expenditure; Financial programming; Performance budgeting; Public transportation network; Road maintenance; Annual budget; Bridge; Aggregate demand; Total spending; Railway lines; Health sector; Performance monitoring; Government expenditure; Medium-term expenditure; Private sector involvement; Reform agenda; Infrastructure cost; Ministry of transport; Transport sector; Public resources; Emissions; Public employment; Fiscal deficit; Highway; Expenditure plans; Fiscal policy; Fiscal stance; Municipalities; Quality of services; Transport costs; Budget support; Budget resources; Fiscal vulnerabilities; Company cars; Decentralization of education; Capacity building program; Public enterprise; Financial resources; Reform process; Decision-making; Government revenues; Public service; Improving resource allocation; State budget; Social security administration; Fiscal savings; Road network; Motorways; Public funding; Road user; Economic classification; Programs; Public finances; Reform strategy; Rail companies; Railway; Fiscal adjustments; Excise taxes; Transport services; Pensioners; Master plan; Public agencies; Education reform; Labor taxes; Quality of education; National agency; Fiscal framework; Budget balance; Accountability for results; Policy formulation; Infrastructure costs; Road sector; Public sector service delivery; Road user charges; Performance measurement; Sub-national governments; Rail; Capacity constraints; Traffic control; Public sector employment; Fiscal adjustment effort; Public pension system; Financial support; Maintenance of roads; Tax collection; Health insurance fund; Budgetary resources; Public information; Freight; Fiscal adjustment; Financial stability; Transparency; Beneficiaries; Public sector entities; Administrative reforms; Payroll tax; Expenditures; Fiscal discipline; Price index; Government outlays; Budget process; Budget envelope; Public spending; Public pension; Payment system; Tax; Medium-term planning; Social contributions; Allocation of resources; Traffic levels; Fiscal conditions; Passenger service

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http://hdl.handle.net/10986/2895http://creativecommons.org/licenses/by/3.0/World BankCreative Commons Attribution CC BY 3.0

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Romania : Public Expenditure and Institutional Review : Main Report

2010

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