Towards Better Expenditure Quality : Guatemala Public Expenditure Review

World Bank

Towards Better Expenditure Quality : Guatemala Public Expenditure Review

2013

World Bank

Guatemala has made tremendous strides in moving toward democracy and building institutions after a prolonged civil war, much remains to be done in generating the foundations for strong broad-based economic growth. As Guatemala enters its fifth presidential cycle since the 1996 Peace Accords, the newly elected administration faces tremendous economic challenges. Efforts during the previous administration to directly address poverty and improve education and health outcomes, particularly in the indigenous and rural areas, were intense, with tentative signs of success. The signing of the Peace Accords in 1996, following a protracted negotiations process, marked a turning point in Guatemala's development path. Three cross-cutting themes were emphasized through the Accords: 1) the rights of indigenous communities; 2) commitments regarding the rights and position of women, and 3) a strengthening of social participation. However, Guatemala's institutional environment continues to complicate the cooperation of political actors over time and thus the inter-temporal bargains required to agree upon and sustain structural reforms. Over the past two decades, economic growth has been relatively stable but weak. Since 1990, real Gross Domestic Product (GDP) growth per capita in Guatemala has averaged about 1.2 percent, about three-quarters of a percentage point less than the rest of Latin America and the Caribbean and significantly less than other middle-income countries. Financial sector legal and regulatory reforms implemented since 2000 have improved banks' solvency and resilience to market volatility, but lack of access to finance remains a major issue for the financial sector. To accelerate broad-based growth, Guatemala will need to improve the investment climate for business, increase educational attainment and make progress on governance, transparency and security.

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access to information accounting allocation balance of payments capacity building cash transfers central government civil service civil society organizations commercial banks decentralization economic downturn economic growth economic growth rate exchange rate expenditure financial market fiscal policies gross domestic product growth rate health care health services income tax inflation municipal governments natural disasters poverty reduction private investment private sector public debt public education public expenditure public finance public health public institutions public investment public sector public services resource allocation road transport social indicators

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Editorial

Washington, DC

Otras materias

Financial crisis; Tax bases; Municipalities; Tax exemptions; Import tariffs; Public spending; Financial management information system; Financial management system; Education programs; Program structure; Government priorities; Ministry of finance; Tax revenues; Spending levels; Tax reform; Public revenues; Medium-term expenditure framework; Financial transactions; Tax effort; Fiscal reform; Macroeconomic policy; Central government expenditure; Macroeconomic stability; Performance improvement; Financial accountability; Fiscal pressure; Fiscal pressures; Financial sector; Expenditure envelope; Budgetary allocations; Cash management; Fiscal stability; Tax administration; Health outcomes; Misallocation of resources; Public sector entities; Tax law; Public sector debt; National accounts; Direct revenue; Infrastructure projects; Accounting system; Educational attainment; Tax system; Inflation rate; Public financial management; Resource allocations; Interest rate; Central bank; Total spending; Total tax revenue; Public information; Public management; Debt management; Financial management information; Fiscal reforms; Health sector; Municipal level; Tax expenditures; Tax collections; Expenditure allocations; Performance in education; Revenue sources; Fiscal authority; Performance data; Annual budgets; Macroeconomic policies; Tax incentives; Internal audit; Income taxes; Public investment program; Public finances; Financial resources; Budget preparation; Expenditure levels; Fiscal sustainability; Fiscal transparency; Tax revenue; Government finance; Monetary sector; Health spending; Fiscal management; Economic classification; Accountability mechanisms; Medium-term expenditure; Financial management; Road network; Domestic credit; Tax collection; Fiscal accounts; Internal audit function; Public funds; Public service; Accumulation of payment arrears; Government revenues; Budget data; Total expenditures; Ministerial coordination; Fiscal imbalances; Budget execution; Revenue assignments; Macroeconomic management; Total public sector; Poverty assessment; National authorities; Social expenditure; Public resources; Reallocations; Fiscal policy; Financial system; Financial administration; Outcome indicators; Budget planning; Public health services; Expenditures on health; Infrastructure development; Structural reforms; Tax burden; Social benefits; Social assistance; Tax evasion; Education spending; Social outcomes; Public service delivery; Audit system; Budgetary performance; Budget process; Allocation of resources; Budget formulation; Efficiency improvements; National government; Macroeconomic environment; Tax policy; Debt service; Public expenditures; Government finances; Government accounts; Public expenditure management; Reform program; Fiscal deficits; Finance ministry; Macroeconomic indicators; Piecemeal reforms; Health expenditure; Capital expenditures; Public expenditure review; Capital budget; Central government spending; Measurable results; Public officials; Public procurement; National budget; Budget cycle; Budget transfers

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http://hdl.handle.net/10986/16085http://creativecommons.org/licenses/by/3.0/World BankCC BY 3.0 Unported

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Towards Better Expenditure Quality : Guatemala Public Expenditure Review

2013

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