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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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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World Bank

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

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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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