Guatemala : Expenditure Reform in a Post-Conflict Country
This report is the third in a series of joint Government-World Bank reviews designed support Guatemala's peace process (See report nos. 15352 and 16392). As this report was under preparation in late 1998, Guatemala faced an emergency caused by...
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| Format: | Public Expenditure Review |
| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2000/02/1614805/guatemala-expenditure-reform-post-conflict-country http://hdl.handle.net/10986/15481 |
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okr-10986-154812021-04-23T14:03:14Z Guatemala : Expenditure Reform in a Post-Conflict Country World Bank GOVERNMENT SPENDING POLICY POST-CONFLICT RECONSTRUCTION PUBLIC FINANCE CIVIL SERVICE REFORMS MODERNIZATION DECENTRALIZATION MUNICIPAL GOVERNANCE PEACE BUILDING PERFORMANCE INDICATORS FISCAL REFORMS TAX REFORMS FISCAL DEFICITS CONTINGENT LIABILITY FINANCIAL MANAGEMENT BASIC NEEDS PUBLIC EXPENDITURES PUBLIC DEBT FISCAL ADJUSTMENTS NATURAL DISASTERS REGULATORY FRAMEWORK BUDGET EXECUTION CENTRAL BANK CENTRAL GOVERNMENT COMMUNITY DEVELOPMENT COUNCILS CURRENCY UNIT DECENTRALIZATION DEFICITS DEVELOPMENT GOALS DEVELOPMENT PROGRAMME ECONOMIC POLICIES ELECTRICITY EMPLOYMENT EXCHANGE RATE POLICY EXECUTION EXPENDITURE EXPENDITURE REFORM FINANCIAL MANAGEMENT FINANCIAL SYSTEM FISCAL FISCAL ADJUSTMENT FISCAL DEFICIT FISCAL ILLUSION FISCAL POLICIES FISCAL POLICY FISCAL REFORM FISCAL STANCE FISCAL STRESS FISCAL TRANSPARENCY FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES GOVERNMENT'S PRIVATIZATION PROGRAM GOVERNMENTAL ORGANIZATION HOUSING HUMAN DEVELOPMENT ILLITERACY INSOLVENT INSTITUTIONAL REFORMS INTERNATIONAL MONETARY FUND LIVING STANDARDS LIVING STANDARDS MEASUREMENT MACROECONOMIC FRAMEWORK MACROECONOMIC INSTABILITY MACROECONOMIC MANAGEMENT MANAGERS MINISTRY OF FINANCE MONETARY POLICIES MONETARY POLICY MORTALITY NATIONAL ELECTIONS NATIONS POLIO POOR COMMUNITIES PRIMARY EDUCATION PRIMARY HEALTH CARE PRIVATE SECTOR PUBLIC DEBT PUBLIC EXPENDITURE PUBLIC EXPENDITURE PATTERNS PUBLIC FINANCE PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SPENDING REAL EXCHANGE RATE REGULATORY FRAMEWORK SHORT TERM SOCIAL DEVELOPMENT SOCIAL EXPENDITURE SOCIAL PROGRAM SOCIAL SECURITY SOCIAL SERVICES TAX TAX ADMINISTRATION TAX REVENUE TELECOMMUNICATIONS This report is the third in a series of joint Government-World Bank reviews designed support Guatemala's peace process (See report nos. 15352 and 16392). As this report was under preparation in late 1998, Guatemala faced an emergency caused by Hurricane Mitch and increasing macroeconomic pressures associated with expansionary monetary and fiscal policies. Macroeconomic conditions continued to weaken in 1999, exacerbated by a number of external shocks, inappropriate macro policies and a fragile financial system. The success of the privatization program, in turn fed fiscal illusion, which was especially hard to resist in an electoral year. The availability of relatively large privatization proceeds created a sense that the emerging macroeconomic imbalances could be tolerated, peace and electoral outlays could be financed without the need to adopt revenue measures, and that international reserves were adequate to defend the Quetzal and keep inflationary pressures under control. While the original intention of this report was to analyze the fiscal stance supporting the peace process, progress in the Government's state modernization program, and performance in meeting agreed socioeconomic peace targets, the macroeconomic developments and the possibility of a major crisis required a more detailed analysis and intensified policy dialogue on the underlying macroeconomic risks in Guatemala. This report retains the macro analysis used in the policy dialogue with the Government. 2013-08-29T14:03:59Z 2013-08-29T14:03:59Z 2000-02-04 http://documents.worldbank.org/curated/en/2000/02/1614805/guatemala-expenditure-reform-post-conflict-country http://hdl.handle.net/10986/15481 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 Guatemala |
| 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 |
GOVERNMENT SPENDING POLICY POST-CONFLICT RECONSTRUCTION PUBLIC FINANCE CIVIL SERVICE REFORMS MODERNIZATION DECENTRALIZATION MUNICIPAL GOVERNANCE PEACE BUILDING PERFORMANCE INDICATORS FISCAL REFORMS TAX REFORMS FISCAL DEFICITS CONTINGENT LIABILITY FINANCIAL MANAGEMENT BASIC NEEDS PUBLIC EXPENDITURES PUBLIC DEBT FISCAL ADJUSTMENTS NATURAL DISASTERS REGULATORY FRAMEWORK BUDGET EXECUTION CENTRAL BANK CENTRAL GOVERNMENT COMMUNITY DEVELOPMENT COUNCILS CURRENCY UNIT DECENTRALIZATION DEFICITS DEVELOPMENT GOALS DEVELOPMENT PROGRAMME ECONOMIC POLICIES ELECTRICITY EMPLOYMENT EXCHANGE RATE POLICY EXECUTION EXPENDITURE EXPENDITURE REFORM FINANCIAL MANAGEMENT FINANCIAL SYSTEM FISCAL FISCAL ADJUSTMENT FISCAL DEFICIT FISCAL ILLUSION FISCAL POLICIES FISCAL POLICY FISCAL REFORM FISCAL STANCE FISCAL STRESS FISCAL TRANSPARENCY FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES GOVERNMENT'S PRIVATIZATION PROGRAM GOVERNMENTAL ORGANIZATION HOUSING HUMAN DEVELOPMENT ILLITERACY INSOLVENT INSTITUTIONAL REFORMS INTERNATIONAL MONETARY FUND LIVING STANDARDS LIVING STANDARDS MEASUREMENT MACROECONOMIC FRAMEWORK MACROECONOMIC INSTABILITY MACROECONOMIC MANAGEMENT MANAGERS MINISTRY OF FINANCE MONETARY POLICIES MONETARY POLICY MORTALITY NATIONAL ELECTIONS NATIONS POLIO POOR COMMUNITIES PRIMARY EDUCATION PRIMARY HEALTH CARE PRIVATE SECTOR PUBLIC DEBT PUBLIC EXPENDITURE PUBLIC EXPENDITURE PATTERNS PUBLIC FINANCE PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SPENDING REAL EXCHANGE RATE REGULATORY FRAMEWORK SHORT TERM SOCIAL DEVELOPMENT SOCIAL EXPENDITURE SOCIAL PROGRAM SOCIAL SECURITY SOCIAL SERVICES TAX TAX ADMINISTRATION TAX REVENUE TELECOMMUNICATIONS |
| spellingShingle |
GOVERNMENT SPENDING POLICY POST-CONFLICT RECONSTRUCTION PUBLIC FINANCE CIVIL SERVICE REFORMS MODERNIZATION DECENTRALIZATION MUNICIPAL GOVERNANCE PEACE BUILDING PERFORMANCE INDICATORS FISCAL REFORMS TAX REFORMS FISCAL DEFICITS CONTINGENT LIABILITY FINANCIAL MANAGEMENT BASIC NEEDS PUBLIC EXPENDITURES PUBLIC DEBT FISCAL ADJUSTMENTS NATURAL DISASTERS REGULATORY FRAMEWORK BUDGET EXECUTION CENTRAL BANK CENTRAL GOVERNMENT COMMUNITY DEVELOPMENT COUNCILS CURRENCY UNIT DECENTRALIZATION DEFICITS DEVELOPMENT GOALS DEVELOPMENT PROGRAMME ECONOMIC POLICIES ELECTRICITY EMPLOYMENT EXCHANGE RATE POLICY EXECUTION EXPENDITURE EXPENDITURE REFORM FINANCIAL MANAGEMENT FINANCIAL SYSTEM FISCAL FISCAL ADJUSTMENT FISCAL DEFICIT FISCAL ILLUSION FISCAL POLICIES FISCAL POLICY FISCAL REFORM FISCAL STANCE FISCAL STRESS FISCAL TRANSPARENCY FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES GOVERNMENT'S PRIVATIZATION PROGRAM GOVERNMENTAL ORGANIZATION HOUSING HUMAN DEVELOPMENT ILLITERACY INSOLVENT INSTITUTIONAL REFORMS INTERNATIONAL MONETARY FUND LIVING STANDARDS LIVING STANDARDS MEASUREMENT MACROECONOMIC FRAMEWORK MACROECONOMIC INSTABILITY MACROECONOMIC MANAGEMENT MANAGERS MINISTRY OF FINANCE MONETARY POLICIES MONETARY POLICY MORTALITY NATIONAL ELECTIONS NATIONS POLIO POOR COMMUNITIES PRIMARY EDUCATION PRIMARY HEALTH CARE PRIVATE SECTOR PUBLIC DEBT PUBLIC EXPENDITURE PUBLIC EXPENDITURE PATTERNS PUBLIC FINANCE PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SPENDING REAL EXCHANGE RATE REGULATORY FRAMEWORK SHORT TERM SOCIAL DEVELOPMENT SOCIAL EXPENDITURE SOCIAL PROGRAM SOCIAL SECURITY SOCIAL SERVICES TAX TAX ADMINISTRATION TAX REVENUE TELECOMMUNICATIONS World Bank Guatemala : Expenditure Reform in a Post-Conflict Country |
| geographic_facet |
Latin America & Caribbean Guatemala |
| relation |
Public expenditure review (PER); |
| description |
This report is the third in a series of
joint Government-World Bank reviews designed support
Guatemala's peace process (See report nos. 15352 and
16392). As this report was under preparation in late 1998,
Guatemala faced an emergency caused by Hurricane Mitch and
increasing macroeconomic pressures associated with
expansionary monetary and fiscal policies. Macroeconomic
conditions continued to weaken in 1999, exacerbated by a
number of external shocks, inappropriate macro policies and
a fragile financial system. The success of the privatization
program, in turn fed fiscal illusion, which was especially
hard to resist in an electoral year. The availability of
relatively large privatization proceeds created a sense that
the emerging macroeconomic imbalances could be tolerated,
peace and electoral outlays could be financed without the
need to adopt revenue measures, and that international
reserves were adequate to defend the Quetzal and keep
inflationary pressures under control. While the original
intention of this report was to analyze the fiscal stance
supporting the peace process, progress in the
Government's state modernization program, and
performance in meeting agreed socioeconomic peace targets,
the macroeconomic developments and the possibility of a
major crisis required a more detailed analysis and
intensified policy dialogue on the underlying macroeconomic
risks in Guatemala. This report retains the macro analysis
used in the policy dialogue with the Government. |
| format |
Economic & Sector Work :: Public Expenditure Review |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Guatemala : Expenditure Reform in a Post-Conflict Country |
| title_short |
Guatemala : Expenditure Reform in a Post-Conflict Country |
| title_full |
Guatemala : Expenditure Reform in a Post-Conflict Country |
| title_fullStr |
Guatemala : Expenditure Reform in a Post-Conflict Country |
| title_full_unstemmed |
Guatemala : Expenditure Reform in a Post-Conflict Country |
| title_sort |
guatemala : expenditure reform in a post-conflict country |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2000/02/1614805/guatemala-expenditure-reform-post-conflict-country http://hdl.handle.net/10986/15481 |
| _version_ |
1764426777821708288 |