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

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CC BY 3.0 IGO, http://creativecommons.org/licenses/by/3.0/igo/, World Bank

En AGRIS desde: 2024-10-18

Fecha de modificación: 2025-10-25

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DOI http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000356161_20100901233941 https://hdl.handle.net/10986/2895

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Romania : Public Expenditure and Institutional Review : Main Report

2010

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