Romania - Building Institutions for Public Expenditure Management : Reforms, Efficiency and Equity - A Public Expenditure and Institutions Review
This Public Expenditure and Institutions Review (PEIR) was undertaken at a critical juncture of public expenditure management in Romania. Following three years of economic decline, the economy began growing in 2000, reaching a real GDP growth rate...
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| Format: | Public Expenditure Review |
| Language: | English en_US |
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Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2002/08/1994648/romania-building-institutions-public-expenditure-management-reforms-efficiency-equity-public-expenditure-institutions-review http://hdl.handle.net/10986/15371 |
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okr-10986-15371 |
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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 |
PUBLIC EXPENDITURES PUBLIC EXPENDITURES FOR HEALTH PUBLIC EXPENDITURES FOR EDUCATION EDUCATIONAL FINANCING HEALTH CARE FINANCING PENSION FUNDS FINANCIAL MANAGEMENT BUDGETARY PROCESS PAYMENTS ARREARS BUDGETARY RESOURCES FISCAL DEFICITS ENTERPRISE DEVELOPMENT PRIVATIZATION DECENTRALIZATION SOCIAL ADMINISTRATION CENTRAL GOVERNMENT PENSION REFORM DEFENSE-RELATED OPERATIONS FOREIGN INVESTMENTS INSTITUTIONAL FRAMEWORK ACCOUNTABILITY ACCOUNTING ACCOUNTING STANDARDS ADMINISTRATIVE CAPACITY AGGREGATE FISCAL DISCIPLINE ALLOCATING PUBLIC RESOURCES ALLOCATION OF RESOURCES AUTHORITY BALANCE SHEETS BANK PRIVATIZATION BUDGET DEFICIT BUDGET EVALUATION BUDGET EXECUTION BUDGET FORMULATION BUDGET MANAGEMENT BUDGET PROCESS BUDGETARY FUNDS CASH TRANSFERS CENTRAL GOVERNMENT COLLECTION AGENCIES CORRUPTION COUNCILS COURT SYSTEM DEBT DEBT SERVICE DECENTRALIZATION PROCESS DECENTRALIZATION REFORMS DOMESTIC BORROWING ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC RECOVERY ECONOMIC REFORM ELECTRICITY EMERGING MARKET ECONOMIES EMPLOYMENT EQUALIZATION EQUILIBRIUM EVASION EXCHANGE RATE EXECUTION EXPENDITURE ASSIGNMENTS EXPENDITURE RESPONSIBILITIES FINANCIAL MANAGEMENT FINANCIAL PERFORMANCE FISCAL FISCAL DECENTRALIZATION FISCAL DEFICIT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL POLICY FISCAL PRESSURES FISCAL SUSTAINABILITY FISCAL YEAR GENERAL EQUILIBRIUM MODEL GOVERNMENT BORROWING GOVERNMENT BUDGETS GOVERNMENT EXPENDITURES GOVERNMENT GUARANTEES GOVERNMENT LEVEL GOVERNMENT OFFICIALS GOVERNMENT REVENUES GOVERNMENT'S REFORM PROGRAM GROSS DOMESTIC PRODUCT HEALTH EXPENDITURES HEALTH SERVICES IMPORTS INCOME INCOME TAXES INDEXATION INFLATION INSTITUTIONAL FRAMEWORK INSTITUTIONAL REFORMS INSURANCE INTEREST RATES INVESTMENT EXPENDITURES JUDICIARY LABOR FORCE LEGISLATION LEVELS OF GOVERNMENT LOCAL AUTHORITIES LOCAL CAPITAL EXPENDITURES LOCAL COUNCILS LOCAL GOVERNMENT LOCAL GOVERNMENT AGENCIES LOCAL GOVERNMENT BUDGETS LOCAL GOVERNMENT EXPENDITURES LOCAL GOVERNMENTS LOCAL TAXES MACROECONOMIC STABILIZATION MANDATES MEMBERS OF PARLIAMENT MINISTRY OF FINANCE MUNICIPALITY OIL PAY AS YOU GO PAYMENT ARREARS PENSIONS PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PRIVATIZATION PRODUCERS PRODUCTIVITY PROPERTY TAXES PROVISIONS PUBLIC ADMINISTRATION PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC HEALTH PUBLIC INVESTMENT PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR DEFICIT PUBLIC SECTOR INVOLVEMENT PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SERVICES PUBLIC UTILITIES REPRESENTATIVES RESOURCE ALLOCATION REVENUE SHARING SAVINGS SOCIAL ASSISTANCE SOCIAL PROGRAMS SOCIAL PROTECTION SOCIAL SECURITY SOCIAL SOLIDARITY STATE BANKS STATE BUDGET STATE OWNED ENTERPRISES STATE OWNERSHIP STATE-OWNED ENTERPRISES SUSTAINABLE GROWTH TAX TAX ARREARS TAX COLLECTION TAX EXEMPTIONS TAX INCENTIVES TAX OBLIGATIONS TAX RATES TAX REGULATIONS TAX REVENUES TRANSPORT TREASURY UNEMPLOYMENT WAGES |
| spellingShingle |
PUBLIC EXPENDITURES PUBLIC EXPENDITURES FOR HEALTH PUBLIC EXPENDITURES FOR EDUCATION EDUCATIONAL FINANCING HEALTH CARE FINANCING PENSION FUNDS FINANCIAL MANAGEMENT BUDGETARY PROCESS PAYMENTS ARREARS BUDGETARY RESOURCES FISCAL DEFICITS ENTERPRISE DEVELOPMENT PRIVATIZATION DECENTRALIZATION SOCIAL ADMINISTRATION CENTRAL GOVERNMENT PENSION REFORM DEFENSE-RELATED OPERATIONS FOREIGN INVESTMENTS INSTITUTIONAL FRAMEWORK ACCOUNTABILITY ACCOUNTING ACCOUNTING STANDARDS ADMINISTRATIVE CAPACITY AGGREGATE FISCAL DISCIPLINE ALLOCATING PUBLIC RESOURCES ALLOCATION OF RESOURCES AUTHORITY BALANCE SHEETS BANK PRIVATIZATION BUDGET DEFICIT BUDGET EVALUATION BUDGET EXECUTION BUDGET FORMULATION BUDGET MANAGEMENT BUDGET PROCESS BUDGETARY FUNDS CASH TRANSFERS CENTRAL GOVERNMENT COLLECTION AGENCIES CORRUPTION COUNCILS COURT SYSTEM DEBT DEBT SERVICE DECENTRALIZATION PROCESS DECENTRALIZATION REFORMS DOMESTIC BORROWING ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC RECOVERY ECONOMIC REFORM ELECTRICITY EMERGING MARKET ECONOMIES EMPLOYMENT EQUALIZATION EQUILIBRIUM EVASION EXCHANGE RATE EXECUTION EXPENDITURE ASSIGNMENTS EXPENDITURE RESPONSIBILITIES FINANCIAL MANAGEMENT FINANCIAL PERFORMANCE FISCAL FISCAL DECENTRALIZATION FISCAL DEFICIT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL POLICY FISCAL PRESSURES FISCAL SUSTAINABILITY FISCAL YEAR GENERAL EQUILIBRIUM MODEL GOVERNMENT BORROWING GOVERNMENT BUDGETS GOVERNMENT EXPENDITURES GOVERNMENT GUARANTEES GOVERNMENT LEVEL GOVERNMENT OFFICIALS GOVERNMENT REVENUES GOVERNMENT'S REFORM PROGRAM GROSS DOMESTIC PRODUCT HEALTH EXPENDITURES HEALTH SERVICES IMPORTS INCOME INCOME TAXES INDEXATION INFLATION INSTITUTIONAL FRAMEWORK INSTITUTIONAL REFORMS INSURANCE INTEREST RATES INVESTMENT EXPENDITURES JUDICIARY LABOR FORCE LEGISLATION LEVELS OF GOVERNMENT LOCAL AUTHORITIES LOCAL CAPITAL EXPENDITURES LOCAL COUNCILS LOCAL GOVERNMENT LOCAL GOVERNMENT AGENCIES LOCAL GOVERNMENT BUDGETS LOCAL GOVERNMENT EXPENDITURES LOCAL GOVERNMENTS LOCAL TAXES MACROECONOMIC STABILIZATION MANDATES MEMBERS OF PARLIAMENT MINISTRY OF FINANCE MUNICIPALITY OIL PAY AS YOU GO PAYMENT ARREARS PENSIONS PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PRIVATIZATION PRODUCERS PRODUCTIVITY PROPERTY TAXES PROVISIONS PUBLIC ADMINISTRATION PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC HEALTH PUBLIC INVESTMENT PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR DEFICIT PUBLIC SECTOR INVOLVEMENT PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SERVICES PUBLIC UTILITIES REPRESENTATIVES RESOURCE ALLOCATION REVENUE SHARING SAVINGS SOCIAL ASSISTANCE SOCIAL PROGRAMS SOCIAL PROTECTION SOCIAL SECURITY SOCIAL SOLIDARITY STATE BANKS STATE BUDGET STATE OWNED ENTERPRISES STATE OWNERSHIP STATE-OWNED ENTERPRISES SUSTAINABLE GROWTH TAX TAX ARREARS TAX COLLECTION TAX EXEMPTIONS TAX INCENTIVES TAX OBLIGATIONS TAX RATES TAX REGULATIONS TAX REVENUES TRANSPORT TREASURY UNEMPLOYMENT WAGES World Bank Romania - Building Institutions for Public Expenditure Management : Reforms, Efficiency and Equity - A Public Expenditure and Institutions Review |
| geographic_facet |
Europe and Central Asia Romania |
| relation |
Public expenditure review (PER); |
| description |
This Public Expenditure and Institutions
Review (PEIR) was undertaken at a critical juncture of
public expenditure management in Romania. Following three
years of economic decline, the economy began growing in
2000, reaching a real GDP growth rate of 5.3 percent in
2001. The Government thus defined an economic reform
strategy, to move forward the banking system and enterprise
privatization, contain fiscal deficit, and reduce central
government expenditures, with further fiscal
decentralization. The PEIR focuses on five areas: (i)
Structure of central state budget; (ii) Fiscal
decentralization; (iii) Social expenditure; (iv) Pension
reform; and (vi) Military and defense sector budget. The
PEIR presents a policy framework for enhancing the
effectiveness of processing, and allocating public
expenditures, to improve Treasury accounting, curbe budget
ceilings by accumulating payment arrears, and, by subjecting
foreign financed public investments to full budgetary
scrutiny. By emphasizing accountability in the management of
extra-budgetary funds, the PEIR places also a need for
firmer financial foundations for health, and pension funds,
as well as on reconsideration of the present education
finance mechanisms. Finally, it takes a broader look towards
the need to define more stable local government expenditure
assignments, that clearly define local government's own
functions, from delegated functions. |
| format |
Economic & Sector Work :: Public Expenditure Review |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Romania - Building Institutions for Public Expenditure Management : Reforms, Efficiency and Equity - A Public Expenditure and Institutions Review |
| title_short |
Romania - Building Institutions for Public Expenditure Management : Reforms, Efficiency and Equity - A Public Expenditure and Institutions Review |
| title_full |
Romania - Building Institutions for Public Expenditure Management : Reforms, Efficiency and Equity - A Public Expenditure and Institutions Review |
| title_fullStr |
Romania - Building Institutions for Public Expenditure Management : Reforms, Efficiency and Equity - A Public Expenditure and Institutions Review |
| title_full_unstemmed |
Romania - Building Institutions for Public Expenditure Management : Reforms, Efficiency and Equity - A Public Expenditure and Institutions Review |
| title_sort |
romania - building institutions for public expenditure management : reforms, efficiency and equity - a public expenditure and institutions review |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2002/08/1994648/romania-building-institutions-public-expenditure-management-reforms-efficiency-equity-public-expenditure-institutions-review http://hdl.handle.net/10986/15371 |
| _version_ |
1764427071153504256 |
| spelling |
okr-10986-153712021-04-23T14:03:14Z Romania - Building Institutions for Public Expenditure Management : Reforms, Efficiency and Equity - A Public Expenditure and Institutions Review World Bank PUBLIC EXPENDITURES PUBLIC EXPENDITURES FOR HEALTH PUBLIC EXPENDITURES FOR EDUCATION EDUCATIONAL FINANCING HEALTH CARE FINANCING PENSION FUNDS FINANCIAL MANAGEMENT BUDGETARY PROCESS PAYMENTS ARREARS BUDGETARY RESOURCES FISCAL DEFICITS ENTERPRISE DEVELOPMENT PRIVATIZATION DECENTRALIZATION SOCIAL ADMINISTRATION CENTRAL GOVERNMENT PENSION REFORM DEFENSE-RELATED OPERATIONS FOREIGN INVESTMENTS INSTITUTIONAL FRAMEWORK ACCOUNTABILITY ACCOUNTING ACCOUNTING STANDARDS ADMINISTRATIVE CAPACITY AGGREGATE FISCAL DISCIPLINE ALLOCATING PUBLIC RESOURCES ALLOCATION OF RESOURCES AUTHORITY BALANCE SHEETS BANK PRIVATIZATION BUDGET DEFICIT BUDGET EVALUATION BUDGET EXECUTION BUDGET FORMULATION BUDGET MANAGEMENT BUDGET PROCESS BUDGETARY FUNDS CASH TRANSFERS CENTRAL GOVERNMENT COLLECTION AGENCIES CORRUPTION COUNCILS COURT SYSTEM DEBT DEBT SERVICE DECENTRALIZATION PROCESS DECENTRALIZATION REFORMS DOMESTIC BORROWING ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC RECOVERY ECONOMIC REFORM ELECTRICITY EMERGING MARKET ECONOMIES EMPLOYMENT EQUALIZATION EQUILIBRIUM EVASION EXCHANGE RATE EXECUTION EXPENDITURE ASSIGNMENTS EXPENDITURE RESPONSIBILITIES FINANCIAL MANAGEMENT FINANCIAL PERFORMANCE FISCAL FISCAL DECENTRALIZATION FISCAL DEFICIT FISCAL DEFICITS FISCAL DISCIPLINE FISCAL POLICY FISCAL PRESSURES FISCAL SUSTAINABILITY FISCAL YEAR GENERAL EQUILIBRIUM MODEL GOVERNMENT BORROWING GOVERNMENT BUDGETS GOVERNMENT EXPENDITURES GOVERNMENT GUARANTEES GOVERNMENT LEVEL GOVERNMENT OFFICIALS GOVERNMENT REVENUES GOVERNMENT'S REFORM PROGRAM GROSS DOMESTIC PRODUCT HEALTH EXPENDITURES HEALTH SERVICES IMPORTS INCOME INCOME TAXES INDEXATION INFLATION INSTITUTIONAL FRAMEWORK INSTITUTIONAL REFORMS INSURANCE INTEREST RATES INVESTMENT EXPENDITURES JUDICIARY LABOR FORCE LEGISLATION LEVELS OF GOVERNMENT LOCAL AUTHORITIES LOCAL CAPITAL EXPENDITURES LOCAL COUNCILS LOCAL GOVERNMENT LOCAL GOVERNMENT AGENCIES LOCAL GOVERNMENT BUDGETS LOCAL GOVERNMENT EXPENDITURES LOCAL GOVERNMENTS LOCAL TAXES MACROECONOMIC STABILIZATION MANDATES MEMBERS OF PARLIAMENT MINISTRY OF FINANCE MUNICIPALITY OIL PAY AS YOU GO PAYMENT ARREARS PENSIONS PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PRIVATIZATION PRODUCERS PRODUCTIVITY PROPERTY TAXES PROVISIONS PUBLIC ADMINISTRATION PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC HEALTH PUBLIC INVESTMENT PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR DEFICIT PUBLIC SECTOR INVOLVEMENT PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SERVICES PUBLIC UTILITIES REPRESENTATIVES RESOURCE ALLOCATION REVENUE SHARING SAVINGS SOCIAL ASSISTANCE SOCIAL PROGRAMS SOCIAL PROTECTION SOCIAL SECURITY SOCIAL SOLIDARITY STATE BANKS STATE BUDGET STATE OWNED ENTERPRISES STATE OWNERSHIP STATE-OWNED ENTERPRISES SUSTAINABLE GROWTH TAX TAX ARREARS TAX COLLECTION TAX EXEMPTIONS TAX INCENTIVES TAX OBLIGATIONS TAX RATES TAX REGULATIONS TAX REVENUES TRANSPORT TREASURY UNEMPLOYMENT WAGES This Public Expenditure and Institutions Review (PEIR) was undertaken at a critical juncture of public expenditure management in Romania. Following three years of economic decline, the economy began growing in 2000, reaching a real GDP growth rate of 5.3 percent in 2001. The Government thus defined an economic reform strategy, to move forward the banking system and enterprise privatization, contain fiscal deficit, and reduce central government expenditures, with further fiscal decentralization. The PEIR focuses on five areas: (i) Structure of central state budget; (ii) Fiscal decentralization; (iii) Social expenditure; (iv) Pension reform; and (vi) Military and defense sector budget. The PEIR presents a policy framework for enhancing the effectiveness of processing, and allocating public expenditures, to improve Treasury accounting, curbe budget ceilings by accumulating payment arrears, and, by subjecting foreign financed public investments to full budgetary scrutiny. By emphasizing accountability in the management of extra-budgetary funds, the PEIR places also a need for firmer financial foundations for health, and pension funds, as well as on reconsideration of the present education finance mechanisms. Finally, it takes a broader look towards the need to define more stable local government expenditure assignments, that clearly define local government's own functions, from delegated functions. 2013-08-27T16:52:09Z 2013-08-27T16:52:09Z 2002-08 http://documents.worldbank.org/curated/en/2002/08/1994648/romania-building-institutions-public-expenditure-management-reforms-efficiency-equity-public-expenditure-institutions-review http://hdl.handle.net/10986/15371 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 Europe and Central Asia Romania |