Albania Public Finance Review : Part 2. Improving the Efficiency and Quality of Public Spending

World Bank

Albania Public Finance Review : Part 2. Improving the Efficiency and Quality of Public Spending

2014

World Bank

Albania's rapid growth in the decade up to the 2008 global financial crisis propelled it to middle-income status and helped to reduce poverty. The global financial crisis in 2008 slammed the brakes on Albania's largely domestic-demand-driven growth. The government has accumulated sizable arrears in payments for public works and value-added tax (VAT) refunds. In a baseline scenario of no policy reforms, Albania's public debt-to-gross domestic product (GDP) ratio is projected to reach 73.5 percent in 2015 and stay above 72 percent over the medium term. Empirical evidence confirms that high public debt depresses economic activity and significantly increases the probability of default. This report examines closely the opportunities for fiscal consolidation on both the revenue and expenditure sides. Combined effect of structural reforms will reduce Albania's public debt to GDP ratio significantly over the medium term. It can in parallel rebalance its capital spending, particularly in transport, toward maintenance to support growth. Albania needs to strengthen its institutions to reinforce financial discipline and strengthen fiscal policy. Institutional reforms are particularly needed with regard to public financial management (PFM) and introducing a fiscal rule to anchor policy over the medium term.

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Washington, DC

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School operations; Outpatient care; Life expectancy at birth; Higher grades; Performance indicators; Financial management; Ger; Quality of higher education; Extracurricular activities; Academic programs; Textbook; Higher enrollment; Private universities; University education; Primary healthcare; Girls; Government spending; Life expectancy; Crowded classrooms; Basic education for children; Private higher education; Ministry of education; Net enrollment ratio; Public; Gross enrollment ratio; National examinations; Job security; Class sizes; Career development; Skills requirements; Class size; Student performance; Enrollment rate; Severe disability; Enrollment rates; Higher education enrollment; Enrollment ratio; Corporate income tax; Gross enrollment rates; Student assessment; Education statistics; Public schools; Universal coverage; Institutions of higher education; Student outcomes; Education facilities; Regional universities; University teachers; State owned enterprises; Education reforms; Private colleges; Professional qualifications; Number of teachers; Education policy; Primary enrollment; Skilled labor; Primary lower secondary; Human resource planning; Educational outcomes; Enrollment statistics; Compulsory basic education; Utilities; Average score; Education departments; Human development; Number of students; Net enrollment; Net enrollment rate; University entrance; National budget; Student data; Quality higher education; Compulsory education; Exam; Classrooms; Quality standards; Entrance exam; Number of pupils; Education management; Municipalities; Health spending; Public servants; Gross enrollment; Education offices; Preprimary education; Multigrade classes; Gross enrollment rate; Public investments; Equity in education; Primary health care; Gender parity; Level of education; Disabilities; Regional education; Schooling; Ministries of finance; Public service; Private school students; School enrollment; School boards; Learning outcomes; Reading; University students; Enrollment data; Foreign languages; Teacher; Labor force; Tertiary education; Accreditation; University entrance examinations; Teacher certification; Quality of education; Secondary schools; Career; Levels of education; Private institutions; Student characteristics; Teacher salaries; Education system; Vulnerable children; Student-teacher ratios; Unemployment rate; Student population; Functional reading; Dropout rates; School-age; School year; Education policies; Health outcomes; Public sector employment; School-age population; Local governments; Curriculum reform; Private schools; Salary increases; Investment in education; Education sector; Basic competencies; Degree programs; Sports; Transparency; Teacher qualification; Expenditures; Access to education; Curricula; Literacy threshold; Private school; Public spending; Classroom; Education budget; Student assessments; Ner; Provisions

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Economic & Sector Work :: Public Expenditure Review; Economic & Sector Work

En AGRIS desde: 2016-03-15

Formato: AGRIS AP

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Albania Public Finance Review : Part 2. Improving the Efficiency and Quality of Public Spending

2014

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