Improving the Effectiveness of Public Finance : Cambodia Public Expenditure Review
Cambodia’s rapid economic growth and poverty reduction have taken place in an environment characterized by macroeconomic stability and prudent fiscal management. Having recently graduated to become a lower middle-income country, Cambodia is beginni...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/387991561557367581/Improving-the-Effectiveness-of-Public-Finance-Cambodia-Public-Expenditure-Review http://hdl.handle.net/10986/32034 |
| Summary: | Cambodia’s rapid economic growth and
poverty reduction have taken place in an environment
characterized by macroeconomic stability and prudent fiscal
management. Having recently graduated to become a lower
middle-income country, Cambodia is beginning to face complex
fiscal and public service delivery challenges. The Cambodia
public expenditure review (PER) discusses the numerous
achievements in fiscal policy to date and presents policy
options going forward, based on both analysis and
consultations with stakeholders. The PER aims to help the
Royal Government of Cambodia in the effort to overcome the
challenges and move toward more effective public spending
and service delivery, while maintaining macroeconomic
stability. To make the most of fiscal policy and available
fiscal space, Cambodia needs to continue improving the
allocation and execution of public resources, for increased
value for money. The Cambodia Public Expenditure Review
(PER)discusses the numerous achievements in fiscal policy to
date and proposes policy options goingforward, based on both
analysis and consultations with stakeholders. The PER aims
to help the RoyalGovernment of Cambodia in the effort to
overcome the abovementioned challenges and move towardmore
effective public spending and service delivery, while
maintaining macroeconomic stability. Structured around the
key challenges, the six chapters of the PER are based on
background papers that incorporate feedback from two rounds
of consultations with the PER Committee chaired by the
Ministry of Economy and Finance. |
|---|