El Salvador - Public Expenditure Review : Enhancing the Efficiency and Targeting of Expenditures, Volume 1. Main Report
This Public Expenditure Review (PER), produced jointly by the World Bank and the Inter-American Development Bank (IADB), is an in-depth economic and sector report on El Salvador. The study builds on the analysis and recommendations of the PER deliv...
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| Format: | Public Expenditure Review |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2010/11/16242844/el-salvador-enhancing-efficiency-targeting-expenditures-public-expenditure-review-vol-1-2-main-report http://hdl.handle.net/10986/12372 |
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okr-10986-12372 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ARREARS AUCTIONS BALANCE SHEET BANK ACCOUNT BANKING LAW BASELINE SCENARIO BENEFICIARIES BENEFICIARY BOND INDEX BONDS BUDGET FRAMEWORK BUDGET PROCESS BUDGETARY PROCESS CAPITAL GAINS CAPITALIZATION CASH TRANSFER CENTRAL BANK CENTRAL GOVERNMENT DEBT COMPETITIVE MARKET CONTINGENT LIABILITIES CONTINGENT LIABILITY CURRENCY CURRENCY COMPOSITION CUSTODY DEBT DEBT BURDEN DEBT INSTRUMENTS DEBT ISSUES DEBT MANAGEMENT DEBT MANAGEMENT POLICY DEBT MARKET DEVELOPMENT DEBT RATIO DEBT SERVICE DEBT SERVICING DEBT SUSTAINABILITY DEGREE OF TRANSPARENCY DEPOSIT DEVELOPMENT BANK DOMESTIC CAPITAL DOMESTIC CAPITAL MARKET DOMESTIC DEBT DOMESTIC DEBT MARKET DOMESTIC DEBT MARKETS DOMESTIC MARKET DOUBLE TAXATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC SHOCKS EFFICIENCY OF GOVERNMENT SPENDING EMERGING MARKETS EXPENDITURE EXPENDITURES EXPORTERS EXTERNAL AUDIT FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL PORTFOLIO FINANCIAL STABILITY FINANCIAL STRUCTURES FISCAL BURDEN FISCAL DEBT FISCAL DISCIPLINE FISCAL EFFORT FISCAL POLICY FISCAL REFORM FISCAL SUSTAINABILITY FIXED CAPITAL FOREIGN INVESTORS FOREIGN LOANS FUNGIBLE GOVERNMENT BOND GOVERNMENT BOND MARKET GOVERNMENT EXPENDITURE GOVERNMENT FINANCES GOVERNMENT INVOLVEMENT GOVERNMENT REVENUES GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT HOLDING HUMAN RESOURCES IMMUNIZATION IMPLICIT SUBSIDIES IMPLICIT SUBSIDY INCOME TAX INFLATION INFORMATION SYSTEM INFORMATION SYSTEMS INSURANCE INTEREST PAYMENTS INTEREST RATES INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCIAL CRISIS INTERNATIONAL MARKETS INTERNATIONAL STANDARDS INVESTMENT FUND INVESTMENT POLICIES INVESTMENT PROJECTS INVESTMENT REGULATIONS INVESTMENT SPENDING INVESTOR BASE JUDICIAL ENFORCEMENT LABOR MARKET LACK OF TRANSPARENCY LEGAL PROVISIONS LIABILITY MANAGEMENT LIQUIDITY LOCAL GOVERNMENTS LOCAL MARKET MACROECONOMIC STABILITY MACROECONOMIC VARIABLES MARKET DEBT MARKET INFRASTRUCTURE MARKET PRICE MARKET TRANSACTIONS MATURITIES MATURITY MATURITY STRUCTURE MEDIUM-TERM MACROECONOMIC FRAMEWORK MEDIUM-TERM PLAN MEDIUM-TERM SECURITIES MICROFINANCE MINISTRY OF FINANCE MONETARY FUND MONEY MARKET MONEY MARKETS MUTUAL FUNDS OIL PRICES OLD-AGE PENSION PENSION PENSION FUND PENSION FUND INVESTMENTS PENSION FUNDS PENSION LIABILITIES PENSION SYSTEM PENSION SYSTEMS PENSIONS PERSONAL INCOME PERSONAL INCOME TAX POLITICAL ECONOMY POLITICAL UNCERTAINTIES PORTFOLIO PORTFOLIOS POVERTY REDUCTION POVERTY-REDUCING IMPACT PRICE VOLATILITY PRIMARY MARKET PROFIT MARGINS PROGRAMS PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SECTOR PUBLIC SECTOR DEBT PUBLIC SPENDING RATE OF RETURN REAL INTEREST REAL INTEREST RATE REFORM AGENDA REFORM EFFORTS REGULATORY FRAMEWORK REMITTANCES REPOS RESERVE RESERVE BANK RETURNS REVENUE INCREASES SAVINGS ACCOUNT SAVINGS ACCOUNTS SECONDARY DEBT SECONDARY DEBT MARKET SECONDARY MARKET SECONDARY MARKET DEVELOPMENT SECURITIES SERVICE DELIVERY SETTLEMENT SETTLEMENT INFRASTRUCTURE SHORT TERM DEBT SOCIAL SERVICE SOCIAL SERVICES STATE GUARANTEE STOCK EXCHANGE STRATEGIC PRIORITIES SUSTAINABILITY ANALYSIS TAX TAX ADMINISTRATION TAX BASE TAX CODE TAX COLLECTION TAX DEDUCTIONS TAX EXEMPTION TAX EXEMPTIONS TAX EXPENDITURES TAX POLICY TAX RATES TAX REVENUE TAX REVENUES TAX SYSTEM TAXPAYERS TIGHT FISCAL POSITION TOTAL EXPENDITURES TOTAL PUBLIC SECTOR TOTAL SPENDING TRANSACTION TRANSACTION COSTS TRANSPARENCY TREASURY TREASURY BILLS TREASURY CREDIT TRUST FUND TRUST FUNDS WITHDRAWAL |
| spellingShingle |
ARREARS AUCTIONS BALANCE SHEET BANK ACCOUNT BANKING LAW BASELINE SCENARIO BENEFICIARIES BENEFICIARY BOND INDEX BONDS BUDGET FRAMEWORK BUDGET PROCESS BUDGETARY PROCESS CAPITAL GAINS CAPITALIZATION CASH TRANSFER CENTRAL BANK CENTRAL GOVERNMENT DEBT COMPETITIVE MARKET CONTINGENT LIABILITIES CONTINGENT LIABILITY CURRENCY CURRENCY COMPOSITION CUSTODY DEBT DEBT BURDEN DEBT INSTRUMENTS DEBT ISSUES DEBT MANAGEMENT DEBT MANAGEMENT POLICY DEBT MARKET DEVELOPMENT DEBT RATIO DEBT SERVICE DEBT SERVICING DEBT SUSTAINABILITY DEGREE OF TRANSPARENCY DEPOSIT DEVELOPMENT BANK DOMESTIC CAPITAL DOMESTIC CAPITAL MARKET DOMESTIC DEBT DOMESTIC DEBT MARKET DOMESTIC DEBT MARKETS DOMESTIC MARKET DOUBLE TAXATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC SHOCKS EFFICIENCY OF GOVERNMENT SPENDING EMERGING MARKETS EXPENDITURE EXPENDITURES EXPORTERS EXTERNAL AUDIT FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL PORTFOLIO FINANCIAL STABILITY FINANCIAL STRUCTURES FISCAL BURDEN FISCAL DEBT FISCAL DISCIPLINE FISCAL EFFORT FISCAL POLICY FISCAL REFORM FISCAL SUSTAINABILITY FIXED CAPITAL FOREIGN INVESTORS FOREIGN LOANS FUNGIBLE GOVERNMENT BOND GOVERNMENT BOND MARKET GOVERNMENT EXPENDITURE GOVERNMENT FINANCES GOVERNMENT INVOLVEMENT GOVERNMENT REVENUES GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT HOLDING HUMAN RESOURCES IMMUNIZATION IMPLICIT SUBSIDIES IMPLICIT SUBSIDY INCOME TAX INFLATION INFORMATION SYSTEM INFORMATION SYSTEMS INSURANCE INTEREST PAYMENTS INTEREST RATES INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCIAL CRISIS INTERNATIONAL MARKETS INTERNATIONAL STANDARDS INVESTMENT FUND INVESTMENT POLICIES INVESTMENT PROJECTS INVESTMENT REGULATIONS INVESTMENT SPENDING INVESTOR BASE JUDICIAL ENFORCEMENT LABOR MARKET LACK OF TRANSPARENCY LEGAL PROVISIONS LIABILITY MANAGEMENT LIQUIDITY LOCAL GOVERNMENTS LOCAL MARKET MACROECONOMIC STABILITY MACROECONOMIC VARIABLES MARKET DEBT MARKET INFRASTRUCTURE MARKET PRICE MARKET TRANSACTIONS MATURITIES MATURITY MATURITY STRUCTURE MEDIUM-TERM MACROECONOMIC FRAMEWORK MEDIUM-TERM PLAN MEDIUM-TERM SECURITIES MICROFINANCE MINISTRY OF FINANCE MONETARY FUND MONEY MARKET MONEY MARKETS MUTUAL FUNDS OIL PRICES OLD-AGE PENSION PENSION PENSION FUND PENSION FUND INVESTMENTS PENSION FUNDS PENSION LIABILITIES PENSION SYSTEM PENSION SYSTEMS PENSIONS PERSONAL INCOME PERSONAL INCOME TAX POLITICAL ECONOMY POLITICAL UNCERTAINTIES PORTFOLIO PORTFOLIOS POVERTY REDUCTION POVERTY-REDUCING IMPACT PRICE VOLATILITY PRIMARY MARKET PROFIT MARGINS PROGRAMS PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SECTOR PUBLIC SECTOR DEBT PUBLIC SPENDING RATE OF RETURN REAL INTEREST REAL INTEREST RATE REFORM AGENDA REFORM EFFORTS REGULATORY FRAMEWORK REMITTANCES REPOS RESERVE RESERVE BANK RETURNS REVENUE INCREASES SAVINGS ACCOUNT SAVINGS ACCOUNTS SECONDARY DEBT SECONDARY DEBT MARKET SECONDARY MARKET SECONDARY MARKET DEVELOPMENT SECURITIES SERVICE DELIVERY SETTLEMENT SETTLEMENT INFRASTRUCTURE SHORT TERM DEBT SOCIAL SERVICE SOCIAL SERVICES STATE GUARANTEE STOCK EXCHANGE STRATEGIC PRIORITIES SUSTAINABILITY ANALYSIS TAX TAX ADMINISTRATION TAX BASE TAX CODE TAX COLLECTION TAX DEDUCTIONS TAX EXEMPTION TAX EXEMPTIONS TAX EXPENDITURES TAX POLICY TAX RATES TAX REVENUE TAX REVENUES TAX SYSTEM TAXPAYERS TIGHT FISCAL POSITION TOTAL EXPENDITURES TOTAL PUBLIC SECTOR TOTAL SPENDING TRANSACTION TRANSACTION COSTS TRANSPARENCY TREASURY TREASURY BILLS TREASURY CREDIT TRUST FUND TRUST FUNDS WITHDRAWAL World Bank El Salvador - Public Expenditure Review : Enhancing the Efficiency and Targeting of Expenditures, Volume 1. Main Report |
| geographic_facet |
Latin America & Caribbean El Salvador |
| relation |
Public expenditure review (PER); |
| description |
This Public Expenditure Review (PER),
produced jointly by the World Bank and the Inter-American
Development Bank (IADB), is an in-depth economic and sector
report on El Salvador. The study builds on the analysis and
recommendations of the PER delivered in 2004 that concluded
that El Salvador faced the dual challenge of addressing
deteriorating fiscal trends while financing key investments
required to accelerate growth and meet pressing social
needs. This report is intended to provide the government
with practical and useful near-and medium-term
recommendations that will support the country's efforts
to ensure sustainable fiscal balances and establish
effective and transparent mechanisms to allocate public
resources to promote broad-based economic growth, improve
social indicators, and reduce poverty. Hence, the government
knows that El Salvador is faced with two fiscal challenges
that will have great influence on the economic performance
over the coming years. The first is the need to improve the
fiscal balance, by strengthening revenue and reducing
expenditure, to ensure medium-term sustainability. The
second is the need to finance priority investments required
to accelerate growth, reduce unemployment, and cover basic
social needs. Meeting both challenges simultaneously will
require great skill, given the still fragmented political
environment and the difficulties in creating a consensus on
future policies. The country needs to strengthen its fiscal
stance because not doing so jeopardizes the medium-term
macroeconomic framework, and exposes the country to greater
vulnerability in the face of external shocks and contingent liabilities. |
| format |
Economic & Sector Work :: Public Expenditure Review |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
El Salvador - Public Expenditure Review : Enhancing the Efficiency and Targeting of Expenditures, Volume 1. Main Report |
| title_short |
El Salvador - Public Expenditure Review : Enhancing the Efficiency and Targeting of Expenditures, Volume 1. Main Report |
| title_full |
El Salvador - Public Expenditure Review : Enhancing the Efficiency and Targeting of Expenditures, Volume 1. Main Report |
| title_fullStr |
El Salvador - Public Expenditure Review : Enhancing the Efficiency and Targeting of Expenditures, Volume 1. Main Report |
| title_full_unstemmed |
El Salvador - Public Expenditure Review : Enhancing the Efficiency and Targeting of Expenditures, Volume 1. Main Report |
| title_sort |
el salvador - public expenditure review : enhancing the efficiency and targeting of expenditures, volume 1. main report |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2010/11/16242844/el-salvador-enhancing-efficiency-targeting-expenditures-public-expenditure-review-vol-1-2-main-report http://hdl.handle.net/10986/12372 |
| _version_ |
1764419677214212096 |
| spelling |
okr-10986-123722021-04-23T14:03:00Z El Salvador - Public Expenditure Review : Enhancing the Efficiency and Targeting of Expenditures, Volume 1. Main Report World Bank ARREARS AUCTIONS BALANCE SHEET BANK ACCOUNT BANKING LAW BASELINE SCENARIO BENEFICIARIES BENEFICIARY BOND INDEX BONDS BUDGET FRAMEWORK BUDGET PROCESS BUDGETARY PROCESS CAPITAL GAINS CAPITALIZATION CASH TRANSFER CENTRAL BANK CENTRAL GOVERNMENT DEBT COMPETITIVE MARKET CONTINGENT LIABILITIES CONTINGENT LIABILITY CURRENCY CURRENCY COMPOSITION CUSTODY DEBT DEBT BURDEN DEBT INSTRUMENTS DEBT ISSUES DEBT MANAGEMENT DEBT MANAGEMENT POLICY DEBT MARKET DEVELOPMENT DEBT RATIO DEBT SERVICE DEBT SERVICING DEBT SUSTAINABILITY DEGREE OF TRANSPARENCY DEPOSIT DEVELOPMENT BANK DOMESTIC CAPITAL DOMESTIC CAPITAL MARKET DOMESTIC DEBT DOMESTIC DEBT MARKET DOMESTIC DEBT MARKETS DOMESTIC MARKET DOUBLE TAXATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC SHOCKS EFFICIENCY OF GOVERNMENT SPENDING EMERGING MARKETS EXPENDITURE EXPENDITURES EXPORTERS EXTERNAL AUDIT FINANCIAL CRISIS FINANCIAL INFORMATION FINANCIAL INSTRUMENTS FINANCIAL MANAGEMENT FINANCIAL PORTFOLIO FINANCIAL STABILITY FINANCIAL STRUCTURES FISCAL BURDEN FISCAL DEBT FISCAL DISCIPLINE FISCAL EFFORT FISCAL POLICY FISCAL REFORM FISCAL SUSTAINABILITY FIXED CAPITAL FOREIGN INVESTORS FOREIGN LOANS FUNGIBLE GOVERNMENT BOND GOVERNMENT BOND MARKET GOVERNMENT EXPENDITURE GOVERNMENT FINANCES GOVERNMENT INVOLVEMENT GOVERNMENT REVENUES GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT HOLDING HUMAN RESOURCES IMMUNIZATION IMPLICIT SUBSIDIES IMPLICIT SUBSIDY INCOME TAX INFLATION INFORMATION SYSTEM INFORMATION SYSTEMS INSURANCE INTEREST PAYMENTS INTEREST RATES INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCIAL CRISIS INTERNATIONAL MARKETS INTERNATIONAL STANDARDS INVESTMENT FUND INVESTMENT POLICIES INVESTMENT PROJECTS INVESTMENT REGULATIONS INVESTMENT SPENDING INVESTOR BASE JUDICIAL ENFORCEMENT LABOR MARKET LACK OF TRANSPARENCY LEGAL PROVISIONS LIABILITY MANAGEMENT LIQUIDITY LOCAL GOVERNMENTS LOCAL MARKET MACROECONOMIC STABILITY MACROECONOMIC VARIABLES MARKET DEBT MARKET INFRASTRUCTURE MARKET PRICE MARKET TRANSACTIONS MATURITIES MATURITY MATURITY STRUCTURE MEDIUM-TERM MACROECONOMIC FRAMEWORK MEDIUM-TERM PLAN MEDIUM-TERM SECURITIES MICROFINANCE MINISTRY OF FINANCE MONETARY FUND MONEY MARKET MONEY MARKETS MUTUAL FUNDS OIL PRICES OLD-AGE PENSION PENSION PENSION FUND PENSION FUND INVESTMENTS PENSION FUNDS PENSION LIABILITIES PENSION SYSTEM PENSION SYSTEMS PENSIONS PERSONAL INCOME PERSONAL INCOME TAX POLITICAL ECONOMY POLITICAL UNCERTAINTIES PORTFOLIO PORTFOLIOS POVERTY REDUCTION POVERTY-REDUCING IMPACT PRICE VOLATILITY PRIMARY MARKET PROFIT MARGINS PROGRAMS PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SECTOR PUBLIC SECTOR DEBT PUBLIC SPENDING RATE OF RETURN REAL INTEREST REAL INTEREST RATE REFORM AGENDA REFORM EFFORTS REGULATORY FRAMEWORK REMITTANCES REPOS RESERVE RESERVE BANK RETURNS REVENUE INCREASES SAVINGS ACCOUNT SAVINGS ACCOUNTS SECONDARY DEBT SECONDARY DEBT MARKET SECONDARY MARKET SECONDARY MARKET DEVELOPMENT SECURITIES SERVICE DELIVERY SETTLEMENT SETTLEMENT INFRASTRUCTURE SHORT TERM DEBT SOCIAL SERVICE SOCIAL SERVICES STATE GUARANTEE STOCK EXCHANGE STRATEGIC PRIORITIES SUSTAINABILITY ANALYSIS TAX TAX ADMINISTRATION TAX BASE TAX CODE TAX COLLECTION TAX DEDUCTIONS TAX EXEMPTION TAX EXEMPTIONS TAX EXPENDITURES TAX POLICY TAX RATES TAX REVENUE TAX REVENUES TAX SYSTEM TAXPAYERS TIGHT FISCAL POSITION TOTAL EXPENDITURES TOTAL PUBLIC SECTOR TOTAL SPENDING TRANSACTION TRANSACTION COSTS TRANSPARENCY TREASURY TREASURY BILLS TREASURY CREDIT TRUST FUND TRUST FUNDS WITHDRAWAL This Public Expenditure Review (PER), produced jointly by the World Bank and the Inter-American Development Bank (IADB), is an in-depth economic and sector report on El Salvador. The study builds on the analysis and recommendations of the PER delivered in 2004 that concluded that El Salvador faced the dual challenge of addressing deteriorating fiscal trends while financing key investments required to accelerate growth and meet pressing social needs. This report is intended to provide the government with practical and useful near-and medium-term recommendations that will support the country's efforts to ensure sustainable fiscal balances and establish effective and transparent mechanisms to allocate public resources to promote broad-based economic growth, improve social indicators, and reduce poverty. Hence, the government knows that El Salvador is faced with two fiscal challenges that will have great influence on the economic performance over the coming years. The first is the need to improve the fiscal balance, by strengthening revenue and reducing expenditure, to ensure medium-term sustainability. The second is the need to finance priority investments required to accelerate growth, reduce unemployment, and cover basic social needs. Meeting both challenges simultaneously will require great skill, given the still fragmented political environment and the difficulties in creating a consensus on future policies. The country needs to strengthen its fiscal stance because not doing so jeopardizes the medium-term macroeconomic framework, and exposes the country to greater vulnerability in the face of external shocks and contingent liabilities. 2013-02-15T18:51:17Z 2013-02-15T18:51:17Z 2010-11 http://documents.worldbank.org/curated/en/2010/11/16242844/el-salvador-enhancing-efficiency-targeting-expenditures-public-expenditure-review-vol-1-2-main-report http://hdl.handle.net/10986/12372 English en_US Public expenditure review (PER); CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Public Expenditure Review Economic & Sector Work Latin America & Caribbean El Salvador |