Kenya Public Expenditure Review 2020 : Options for Fiscal Consolidation after the COVID-19 Crisis
The objective of this public expenditure review (PER) is to provide the government with options for fiscal consolidation and support macroeconomic stability in the medium-term. This PER addresses the broad topic of expenditure efficiency and examin...
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| Format: | Report |
| Language: | English |
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World Bank, Nairobi
2020
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| Online Access: | http://documents.worldbank.org/curated/en/850261593580686977/Kenya-Public-Expenditure-Review-Options-for-Fiscal-Consolidation-after-the-COVID-19-Crisis http://hdl.handle.net/10986/34052 |
| Summary: | The objective of this public expenditure
review (PER) is to provide the government with options for
fiscal consolidation and support macroeconomic stability in
the medium-term. This PER addresses the broad topic of
expenditure efficiency and examines options for expenditure
rationalization to help return Kenya’s fiscal accounts to a
prudent trajectory in the medium-term. The PER is being
undertaken as a programmatic analytical product with two
modules. The first module focuses on identifying options for
expenditure rationalization and measures to strengthen
within-year expenditure control for better expenditure
management. The second module to be delivered in FY21 will
focus on efficiency, effectiveness, and equity of spending
within public services delivery sectors of education,
health, and disaster risk financing. The report builds upon
several other Bank-led reports that contribute to the
discussion around improving public expenditure and
strengthening expenditure controls in Kenya. It complements
an ongoing governance for enabling service delivery and
public investments in Kenya (GESDeK) project, which is at
the forefront in supporting numerous reforms highlighted in
this PER to improve efficiency in spending and strengthen
expenditure controls. The report is organized as follows:
chapter one contains the macro context, trends, and
composition of spending, overall balance and debt. Chapter
two contains the fiscal and debt sustainability analysis
while chapter three presents options for expenditure
rationalization in Kenya. Chapter four ties it all together
with fiscal savings and policy recommendations. |
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