Sierra Leone Public Expenditure Review 2021 : Fiscal Policy for a Sustainable Recovery

This Fiscal and Debt Sustainability Note, the first module of a programmatic multisectoral Public Expenditure Review (PER), reviews the recent macro-fiscal challenges, analyzes their causes and consequences and provide policy options for enhancing...

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Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2021
Subjects:	FISCAL POLICY PUBLIC EXPENDITURE PUBLIC FINANCIAL MANAGEMENT PUBLIC INVESTMENT MANAGEMENT PUBLIC DEBT FISCAL SUSTAINABILITY STATE-OWNED ENTERPRISES DEBT SUSTAINABILITY
Online Access:	http://documents.worldbank.org/curated/en/445731623905884390/Sierra-Leone-Public-Expenditure-Review-2021-Fiscal-Policy-for-a-Sustainable-Recovery http://hdl.handle.net/10986/35857

id	okr-10986-35857
recordtype	oai_dc
spelling	okr-10986-358572021-10-29T05:10:33Z Sierra Leone Public Expenditure Review 2021 : Fiscal Policy for a Sustainable Recovery World Bank FISCAL POLICY PUBLIC EXPENDITURE PUBLIC FINANCIAL MANAGEMENT PUBLIC INVESTMENT MANAGEMENT PUBLIC DEBT FISCAL SUSTAINABILITY STATE-OWNED ENTERPRISES DEBT SUSTAINABILITY This Fiscal and Debt Sustainability Note, the first module of a programmatic multisectoral Public Expenditure Review (PER), reviews the recent macro-fiscal challenges, analyzes their causes and consequences and provide policy options for enhancing the conduct of fiscal and PFM policies in the country. The first part of this module draws on the Boost database to provide a comprehensive overview of the budget covering both revenues and expenditures. It analyzes the composition of the budget (based on economic and functional classifications) and discusses the most critical PFM issues the country faces. It also assesses budget execution and the efficiency of public expenditure. The second part of the module focuses on fiscal risks and their implications for medium-term fiscal and debt sustainability. It examines the recent evolution of public debt, its main drivers and relationship to economic growth. It describes recent reforms to address fiscal and debt vulnerabilities and how these reforms have been affected by the global pandemic. It also analyzes the main fiscal risks with a focus on those stemming from State-Own Enterprises (SOEs), local councils, litigations, natural disasters, and health crises. This part uses simulations to analyze the most likely evolution of the public debt path over the next 20 years under alternative risk scenarios. Finally, the module proposes practical and actionable policy options to help improve the macro-fiscal environment over the short term and preserve debt sustainability over the medium term. 2021-06-29T15:28:44Z 2021-06-29T15:28:44Z 2021-06 Report http://documents.worldbank.org/curated/en/445731623905884390/Sierra-Leone-Public-Expenditure-Review-2021-Fiscal-Policy-for-a-Sustainable-Recovery http://hdl.handle.net/10986/35857 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Public Expenditure Review Africa Africa Western and Central (AFW) Sierra Leone
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	FISCAL POLICY PUBLIC EXPENDITURE PUBLIC FINANCIAL MANAGEMENT PUBLIC INVESTMENT MANAGEMENT PUBLIC DEBT FISCAL SUSTAINABILITY STATE-OWNED ENTERPRISES DEBT SUSTAINABILITY
spellingShingle	FISCAL POLICY PUBLIC EXPENDITURE PUBLIC FINANCIAL MANAGEMENT PUBLIC INVESTMENT MANAGEMENT PUBLIC DEBT FISCAL SUSTAINABILITY STATE-OWNED ENTERPRISES DEBT SUSTAINABILITY World Bank Sierra Leone Public Expenditure Review 2021 : Fiscal Policy for a Sustainable Recovery
geographic_facet	Africa Africa Western and Central (AFW) Sierra Leone
description	This Fiscal and Debt Sustainability Note, the first module of a programmatic multisectoral Public Expenditure Review (PER), reviews the recent macro-fiscal challenges, analyzes their causes and consequences and provide policy options for enhancing the conduct of fiscal and PFM policies in the country. The first part of this module draws on the Boost database to provide a comprehensive overview of the budget covering both revenues and expenditures. It analyzes the composition of the budget (based on economic and functional classifications) and discusses the most critical PFM issues the country faces. It also assesses budget execution and the efficiency of public expenditure. The second part of the module focuses on fiscal risks and their implications for medium-term fiscal and debt sustainability. It examines the recent evolution of public debt, its main drivers and relationship to economic growth. It describes recent reforms to address fiscal and debt vulnerabilities and how these reforms have been affected by the global pandemic. It also analyzes the main fiscal risks with a focus on those stemming from State-Own Enterprises (SOEs), local councils, litigations, natural disasters, and health crises. This part uses simulations to analyze the most likely evolution of the public debt path over the next 20 years under alternative risk scenarios. Finally, the module proposes practical and actionable policy options to help improve the macro-fiscal environment over the short term and preserve debt sustainability over the medium term.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Sierra Leone Public Expenditure Review 2021 : Fiscal Policy for a Sustainable Recovery
title_short	Sierra Leone Public Expenditure Review 2021 : Fiscal Policy for a Sustainable Recovery
title_full	Sierra Leone Public Expenditure Review 2021 : Fiscal Policy for a Sustainable Recovery
title_fullStr	Sierra Leone Public Expenditure Review 2021 : Fiscal Policy for a Sustainable Recovery
title_full_unstemmed	Sierra Leone Public Expenditure Review 2021 : Fiscal Policy for a Sustainable Recovery
title_sort	sierra leone public expenditure review 2021 : fiscal policy for a sustainable recovery
publisher	World Bank, Washington, DC
publishDate	2021
url	http://documents.worldbank.org/curated/en/445731623905884390/Sierra-Leone-Public-Expenditure-Review-2021-Fiscal-Policy-for-a-Sustainable-Recovery http://hdl.handle.net/10986/35857
_version_	1764483918575173632

Sierra Leone Public Expenditure Review 2021 : Fiscal Policy for a Sustainable Recovery

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