Costa Rica - Public Expenditure Review : Enhancing the Efficiency of Expenditures
Costa Rica, an upper middle-income developing country of 4 million inhabitants, is well known for its socio-economic achievements. Costa Rica's economic growth has averaged 4.7 percent annually over the last 15 years, about 2 percentage points...
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| Format: | Public Expenditure Review |
| Language: | English |
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Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2008/03/9543594/costa-rica-public-expenditure-review-enhancing-efficiency-expenditures http://hdl.handle.net/10986/8122 |
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okr-10986-81222021-04-23T14:02:36Z Costa Rica - Public Expenditure Review : Enhancing the Efficiency of Expenditures World Bank PUBLIC SECTOR PUBLIC EXPENDITURES RESOURCES MOBILIZATION AGRICULTURAL SECTOR TRANSPORT ENERGY WATER SUPPLY EDUCATION HEALTH TELECOMMUNICATIONSACCOUNTING AGRICULTURE AIRPORTS BALANCE OF PAYMENTS BILATERAL DEBT BORROWING CAPITAL EXPENDITURES CENTRAL BANK COMPARATIVE ADVANTAGE CONSUMPTION TAXES CURRENT EXPENDITURES DEBT DEBT SERVICE DEFICITS DEVALUATION DEVELOPMENT STRATEGY DOMESTIC BORROWING ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ELECTRICITY EMPLOYMENT ENVIRONMENTAL ISSUES EQUILIBRIUM EXCHANGE RATE EXPENDITURES EXPORTS FEASIBILITY STUDIES FINANCIAL MARKETS FISCAL YEAR GDP GOVERNMENT EXPENDITURES HEALTH SERVICES INCOME INDEXATION INFLATION INTEREST RATES INTERNAL CASH GENERATION LEGISLATION LOCAL LAWS MARGINAL COST MARKET PRICES MUNICIPALITIES POLLUTION CONTROL PORTS POWER PLANTS PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PRODUCTIVITY PROTECTIONISM PUBLIC EMPLOYMENT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SECTOR DEFICIT PUBLIC SECTOR EXPENDITURES PUBLIC UTILITIES PUBLIC WORKS ROADS SALES TAXES SAVINGS SEWAGE SHORT TERM DEBT SOCIAL DEVELOPMENT SOCIAL SERVICES STREAMS STRUCTURAL ADJUSTMENT SUBSIDIARY SURCHARGES TAX TAX REFORM TECHNICAL ASSISTANCE TELECOMMUNICATIONS TELEPHONE SERVICES TRANSPORT TREASURY URBAN AREAS USER CHARGES VALUATION VALUE ADDED WAGES WATER POLLUTION WATER SUPPLY Costa Rica, an upper middle-income developing country of 4 million inhabitants, is well known for its socio-economic achievements. Costa Rica's economic growth has averaged 4.7 percent annually over the last 15 years, about 2 percentage points above the rest of Latin America, reflecting its stable macroeconomic and political environment, strong institutions, and a well-educated work force. Costa Rica has followed a successful strategy of outward oriented export-led growth, openness to foreign investment, and gradual trade liberalization that transformed the economy from one highly dependent on agriculture and agro-industry to one that is now led by high-tech computer and electronic industries, services such as transport, communications and banking, non-traditional agriculture, and tourism. The government of Costa Rica realizes that continued economic growth and poverty reduction require an improvement in the quality of infrastructure and social sector services, particularly if Costa Rica is to take full advantage of the greater global market opportunities in the context of Dominican Republic-Central American Free Trade Agreement (DR-CAFTA) and other free trade initiatives. To improve the quality of public services while simultaneously reducing its fiscal vulnerability is challenging, especially since reaching a political consensus on revenue enhancing tax reform has proven difficult. This report is the outcome of the government's request to the World Bank (WB) and Inter-American Development Bank (IADB) to identify possible reforms in policies and institutions to enhance the effectiveness, efficiency, and equity of public expenditures. Such reforms will support Costa Rica's efforts to ensure sustainable fiscal balances and establish effective and transparent mechanisms to allocate public resources so as to promote broad-based economic growth, improve social indicators, and reduce poverty. 2012-06-14T22:01:53Z 2012-06-14T22:01:53Z 2008-03 http://documents.worldbank.org/curated/en/2008/03/9543594/costa-rica-public-expenditure-review-enhancing-efficiency-expenditures http://hdl.handle.net/10986/8122 English 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 Costa Rica |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
PUBLIC SECTOR PUBLIC EXPENDITURES RESOURCES MOBILIZATION AGRICULTURAL SECTOR TRANSPORT ENERGY WATER SUPPLY EDUCATION HEALTH TELECOMMUNICATIONSACCOUNTING AGRICULTURE AIRPORTS BALANCE OF PAYMENTS BILATERAL DEBT BORROWING CAPITAL EXPENDITURES CENTRAL BANK COMPARATIVE ADVANTAGE CONSUMPTION TAXES CURRENT EXPENDITURES DEBT DEBT SERVICE DEFICITS DEVALUATION DEVELOPMENT STRATEGY DOMESTIC BORROWING ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ELECTRICITY EMPLOYMENT ENVIRONMENTAL ISSUES EQUILIBRIUM EXCHANGE RATE EXPENDITURES EXPORTS FEASIBILITY STUDIES FINANCIAL MARKETS FISCAL YEAR GDP GOVERNMENT EXPENDITURES HEALTH SERVICES INCOME INDEXATION INFLATION INTEREST RATES INTERNAL CASH GENERATION LEGISLATION LOCAL LAWS MARGINAL COST MARKET PRICES MUNICIPALITIES POLLUTION CONTROL PORTS POWER PLANTS PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PRODUCTIVITY PROTECTIONISM PUBLIC EMPLOYMENT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SECTOR DEFICIT PUBLIC SECTOR EXPENDITURES PUBLIC UTILITIES PUBLIC WORKS ROADS SALES TAXES SAVINGS SEWAGE SHORT TERM DEBT SOCIAL DEVELOPMENT SOCIAL SERVICES STREAMS STRUCTURAL ADJUSTMENT SUBSIDIARY SURCHARGES TAX TAX REFORM TECHNICAL ASSISTANCE TELECOMMUNICATIONS TELEPHONE SERVICES TRANSPORT TREASURY URBAN AREAS USER CHARGES VALUATION VALUE ADDED WAGES WATER POLLUTION WATER SUPPLY |
| spellingShingle |
PUBLIC SECTOR PUBLIC EXPENDITURES RESOURCES MOBILIZATION AGRICULTURAL SECTOR TRANSPORT ENERGY WATER SUPPLY EDUCATION HEALTH TELECOMMUNICATIONSACCOUNTING AGRICULTURE AIRPORTS BALANCE OF PAYMENTS BILATERAL DEBT BORROWING CAPITAL EXPENDITURES CENTRAL BANK COMPARATIVE ADVANTAGE CONSUMPTION TAXES CURRENT EXPENDITURES DEBT DEBT SERVICE DEFICITS DEVALUATION DEVELOPMENT STRATEGY DOMESTIC BORROWING ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ELECTRICITY EMPLOYMENT ENVIRONMENTAL ISSUES EQUILIBRIUM EXCHANGE RATE EXPENDITURES EXPORTS FEASIBILITY STUDIES FINANCIAL MARKETS FISCAL YEAR GDP GOVERNMENT EXPENDITURES HEALTH SERVICES INCOME INDEXATION INFLATION INTEREST RATES INTERNAL CASH GENERATION LEGISLATION LOCAL LAWS MARGINAL COST MARKET PRICES MUNICIPALITIES POLLUTION CONTROL PORTS POWER PLANTS PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PRODUCTIVITY PROTECTIONISM PUBLIC EMPLOYMENT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SECTOR DEFICIT PUBLIC SECTOR EXPENDITURES PUBLIC UTILITIES PUBLIC WORKS ROADS SALES TAXES SAVINGS SEWAGE SHORT TERM DEBT SOCIAL DEVELOPMENT SOCIAL SERVICES STREAMS STRUCTURAL ADJUSTMENT SUBSIDIARY SURCHARGES TAX TAX REFORM TECHNICAL ASSISTANCE TELECOMMUNICATIONS TELEPHONE SERVICES TRANSPORT TREASURY URBAN AREAS USER CHARGES VALUATION VALUE ADDED WAGES WATER POLLUTION WATER SUPPLY World Bank Costa Rica - Public Expenditure Review : Enhancing the Efficiency of Expenditures |
| geographic_facet |
Latin America & Caribbean Costa Rica |
| description |
Costa Rica, an upper middle-income
developing country of 4 million inhabitants, is well known
for its socio-economic achievements. Costa Rica's
economic growth has averaged 4.7 percent annually over the
last 15 years, about 2 percentage points above the rest of
Latin America, reflecting its stable macroeconomic and
political environment, strong institutions, and a
well-educated work force. Costa Rica has followed a
successful strategy of outward oriented export-led growth,
openness to foreign investment, and gradual trade
liberalization that transformed the economy from one highly
dependent on agriculture and agro-industry to one that is
now led by high-tech computer and electronic industries,
services such as transport, communications and banking,
non-traditional agriculture, and tourism. The government of
Costa Rica realizes that continued economic growth and
poverty reduction require an improvement in the quality of
infrastructure and social sector services, particularly if
Costa Rica is to take full advantage of the greater global
market opportunities in the context of Dominican
Republic-Central American Free Trade Agreement (DR-CAFTA)
and other free trade initiatives. To improve the quality of
public services while simultaneously reducing its fiscal
vulnerability is challenging, especially since reaching a
political consensus on revenue enhancing tax reform has
proven difficult. This report is the outcome of the
government's request to the World Bank (WB) and
Inter-American Development Bank (IADB) to identify possible
reforms in policies and institutions to enhance the
effectiveness, efficiency, and equity of public
expenditures. Such reforms will support Costa Rica's
efforts to ensure sustainable fiscal balances and establish
effective and transparent mechanisms to allocate public
resources so as to promote broad-based economic growth,
improve social indicators, and reduce poverty. |
| format |
Economic & Sector Work :: Public Expenditure Review |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Costa Rica - Public Expenditure Review : Enhancing the Efficiency of Expenditures |
| title_short |
Costa Rica - Public Expenditure Review : Enhancing the Efficiency of Expenditures |
| title_full |
Costa Rica - Public Expenditure Review : Enhancing the Efficiency of Expenditures |
| title_fullStr |
Costa Rica - Public Expenditure Review : Enhancing the Efficiency of Expenditures |
| title_full_unstemmed |
Costa Rica - Public Expenditure Review : Enhancing the Efficiency of Expenditures |
| title_sort |
costa rica - public expenditure review : enhancing the efficiency of expenditures |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2008/03/9543594/costa-rica-public-expenditure-review-enhancing-efficiency-expenditures http://hdl.handle.net/10986/8122 |
| _version_ |
1764403362225192960 |