Jamaica : Fiscal Consolidation for Growth and Poverty Reduction, A Public Expenditure Review
This Public Expenditure Review (PER) builds on the commitments of the 2003 Country Economic Memorandum (CEM), and 2002 Country Assistance Strategy (CAS) Progress Report, being its primary objective to assess strengths and weaknesses in key areas of public expenditure, and identify policy options for...
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| Format: | Public Expenditure Review |
| Language: | English en_US |
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Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2005/02/5752123/jamaica-fiscal-consolidation-growth-poverty-reduction-public-expenditure-review http://hdl.handle.net/10986/8537 |
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okr-10986-8537 |
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oai_dc |
| 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 |
FISCAL POVERTY REDUCTION PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW; BUDGET MANAGEMENT; CAPITAL BUDGETS; SOCIAL SECTOR INVESTMENT; FISCAL SUSTAINABILITY;ACCOUNTABILITY ADJUSTMENT LENDING AGRICULTURAL PRACTICES AGRICULTURAL PRODUCTS AGRICULTURE ARSENIC BIRTH RATE BUSINESS ENVIRONMENT CAPITA INCOME CIVIL SOCIETY COMMODITIES COMMUNITY LEVEL CONSULTATION PROCESS CORRUPTION COST OF LIVING CREDIT SCHEMES CULTIVABLE LAND DECISION MAKING DEVELOPMENT PARTNERS DEVELOPMENT PROJECTS DEVELOPMENT STRATEGY DEVELOPMENT STUDIES DIET DISABILITIES DISASTERS DISCRIMINATION DIVERSIFICATION ECONOMIC ACTIVITIES ECONOMIC ACTIVITIES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMICS EFFECTIVE USE EMPLOYMENT ENDOWMENTS EQUIPMENT EXCHANGE RATE EXPENDITURE SURVEY EXPLOITATION EXTENSION EXTENSION SERVICES EXTERNAL CONDITIONS FARMERS FINANCIAL AID FINANCIAL PERFORMANCE FINANCIAL SECTOR FISH FISHERIES FISHING FULL PARTICIPATION GENDER GENDER INEQUALITY HEALTH SERVICE HOUSEHOLD INCOME HOUSING HUMAN CAPACITY HUMAN DEVELOPMENT ILLITERACY IMPACT ASSESSMENT IMPROVING GOVERNANCE IMPROVING GOVERNANCE INCOME INCOME/PURCHASING INCOME/PURCHASING POWER INEQUALITY INFLATION INSTITUTIONAL ARRANGEMENTS INTEGRATION INTEREST RATES INTERMEDIARIES INTERNATIONAL RESERVES LAWS LOW INCOME MACROECONOMIC FRAMEWORK MACROECONOMIC MANAGEMENT MACROECONOMIC STABILITY MALNUTRITION MARKETING MEDIA MICRO CREDIT MIGRATION MUNICIPALITIES NATIONAL LEVEL NATIONAL POVERTY NATIONAL RESEARCH NATURAL RESOURCES PARITY PARLIAMENT PARTICIPATORY POVERTY PATIENTS PERFORMANCE INDICATORS POLICY FRAMEWORK POLICY REFORMS POLICY REFORMS POLITICAL INSTABILITY POLITICAL SUPPORT POOR POLICIES POPULATION GROWTH POVERTY REDUCTION POVERTY REDUCTION POVERTY REDUCTION STRATEGY PRIME MINISTER PRIVATE SECTOR PRO-POOR PRO-POOR GROWTH PRODUCTIVITY PROFESSIONS PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC INSTITUTIONS PUBLIC SECTOR RAPID GROWTH REDUCING POVERTY RESEARCH INSTITUTE RESOURCE CONSTRAINTS RESOURCES MANAGEMENT RURAL AREAS RURAL DEVELOPMENT SAFETY SAFETY NETS SANITATION SAVINGS SOCIAL DEVELOPMENT SOCIAL ENVIRONMENT SOCIAL INDICATORS SOCIAL JUSTICE SOCIAL PROTECTION SOCIAL SECTORS SOCIAL SECURITY SOCIAL SERVICES STATE- OWNED ENTERPRISES TAX ADMINISTRATION TECHNICAL EDUCATION TECHNICAL INPUTS TECHNICAL SUPPORT TECHNICAL SUPPORT TRADE LIBERALIZATION TRADE POLICY TRADE REGIME TRANSPORT UNEMPLOYMENT UNEQUAL DISTRIBUTION URBAN AREAS VIOLENCE VOCATIONAL EDUCATION VULNERABLE GROUPS WATER RESOURCES |
| spellingShingle |
FISCAL POVERTY REDUCTION PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW; BUDGET MANAGEMENT; CAPITAL BUDGETS; SOCIAL SECTOR INVESTMENT; FISCAL SUSTAINABILITY;ACCOUNTABILITY ADJUSTMENT LENDING AGRICULTURAL PRACTICES AGRICULTURAL PRODUCTS AGRICULTURE ARSENIC BIRTH RATE BUSINESS ENVIRONMENT CAPITA INCOME CIVIL SOCIETY COMMODITIES COMMUNITY LEVEL CONSULTATION PROCESS CORRUPTION COST OF LIVING CREDIT SCHEMES CULTIVABLE LAND DECISION MAKING DEVELOPMENT PARTNERS DEVELOPMENT PROJECTS DEVELOPMENT STRATEGY DEVELOPMENT STUDIES DIET DISABILITIES DISASTERS DISCRIMINATION DIVERSIFICATION ECONOMIC ACTIVITIES ECONOMIC ACTIVITIES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMICS EFFECTIVE USE EMPLOYMENT ENDOWMENTS EQUIPMENT EXCHANGE RATE EXPENDITURE SURVEY EXPLOITATION EXTENSION EXTENSION SERVICES EXTERNAL CONDITIONS FARMERS FINANCIAL AID FINANCIAL PERFORMANCE FINANCIAL SECTOR FISH FISHERIES FISHING FULL PARTICIPATION GENDER GENDER INEQUALITY HEALTH SERVICE HOUSEHOLD INCOME HOUSING HUMAN CAPACITY HUMAN DEVELOPMENT ILLITERACY IMPACT ASSESSMENT IMPROVING GOVERNANCE IMPROVING GOVERNANCE INCOME INCOME/PURCHASING INCOME/PURCHASING POWER INEQUALITY INFLATION INSTITUTIONAL ARRANGEMENTS INTEGRATION INTEREST RATES INTERMEDIARIES INTERNATIONAL RESERVES LAWS LOW INCOME MACROECONOMIC FRAMEWORK MACROECONOMIC MANAGEMENT MACROECONOMIC STABILITY MALNUTRITION MARKETING MEDIA MICRO CREDIT MIGRATION MUNICIPALITIES NATIONAL LEVEL NATIONAL POVERTY NATIONAL RESEARCH NATURAL RESOURCES PARITY PARLIAMENT PARTICIPATORY POVERTY PATIENTS PERFORMANCE INDICATORS POLICY FRAMEWORK POLICY REFORMS POLICY REFORMS POLITICAL INSTABILITY POLITICAL SUPPORT POOR POLICIES POPULATION GROWTH POVERTY REDUCTION POVERTY REDUCTION POVERTY REDUCTION STRATEGY PRIME MINISTER PRIVATE SECTOR PRO-POOR PRO-POOR GROWTH PRODUCTIVITY PROFESSIONS PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC INSTITUTIONS PUBLIC SECTOR RAPID GROWTH REDUCING POVERTY RESEARCH INSTITUTE RESOURCE CONSTRAINTS RESOURCES MANAGEMENT RURAL AREAS RURAL DEVELOPMENT SAFETY SAFETY NETS SANITATION SAVINGS SOCIAL DEVELOPMENT SOCIAL ENVIRONMENT SOCIAL INDICATORS SOCIAL JUSTICE SOCIAL PROTECTION SOCIAL SECTORS SOCIAL SECURITY SOCIAL SERVICES STATE- OWNED ENTERPRISES TAX ADMINISTRATION TECHNICAL EDUCATION TECHNICAL INPUTS TECHNICAL SUPPORT TECHNICAL SUPPORT TRADE LIBERALIZATION TRADE POLICY TRADE REGIME TRANSPORT UNEMPLOYMENT UNEQUAL DISTRIBUTION URBAN AREAS VIOLENCE VOCATIONAL EDUCATION VULNERABLE GROUPS WATER RESOURCES World Bank Jamaica : Fiscal Consolidation for Growth and Poverty Reduction, A Public Expenditure Review |
| geographic_facet |
Latin America & Caribbean America Caribbean Jamaica |
| relation |
Public expenditure review (PER); |
| description |
This Public Expenditure Review (PER) builds on the commitments of the 2003 Country Economic Memorandum (CEM), and 2002 Country Assistance Strategy (CAS) Progress Report, being its primary objective to assess strengths and weaknesses in key areas of public expenditure, and identify policy options for fiscal sustainability. Jamaica's high debt aggravates debt sustainability and efforts to improve growth. Revenue performance is also a weak element in the country's overall fiscal framework, while the current level of public sector investment is too low to support strong sustained growth. Amidst mounting fiscal problems, the Government has been unable to spend the necessary on social sectors, and this has in turn catalyzed some innovative thinking on how to raise resources, and private sector involvement. Moreover, the effectiveness of the budget as a tool for fiscal policy has been muted by its perceived low credibility. The report suggests focusing on reconciling expenditure commitments to improve budget credibility, including direct and contingent commitments. This implies increased fiscal discipline, and improved expenditure management across all levels of government. Furthermore, the government should avoid the use of the capital budget as a de-facto contingency fund; rather, it should be a strategic development tool in the context of a live Public Sector Investment Program. Recommendations towards fiscal consolidation and a debt-reducing economic strategy, include reducing vulnerability, and the bilateral debt; increasing revenues and rationalizing Government expenditures to generate further growth; rationalizing education and health expenditures; and, improving the institutional framework for public expenditure management. |
| format |
Economic & Sector Work :: Public Expenditure Review |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Jamaica : Fiscal Consolidation for Growth and Poverty Reduction, A Public Expenditure Review |
| title_short |
Jamaica : Fiscal Consolidation for Growth and Poverty Reduction, A Public Expenditure Review |
| title_full |
Jamaica : Fiscal Consolidation for Growth and Poverty Reduction, A Public Expenditure Review |
| title_fullStr |
Jamaica : Fiscal Consolidation for Growth and Poverty Reduction, A Public Expenditure Review |
| title_full_unstemmed |
Jamaica : Fiscal Consolidation for Growth and Poverty Reduction, A Public Expenditure Review |
| title_sort |
jamaica : fiscal consolidation for growth and poverty reduction, a public expenditure review |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2005/02/5752123/jamaica-fiscal-consolidation-growth-poverty-reduction-public-expenditure-review http://hdl.handle.net/10986/8537 |
| _version_ |
1764404898406858752 |
| spelling |
okr-10986-85372021-04-23T14:02:39Z Jamaica : Fiscal Consolidation for Growth and Poverty Reduction, A Public Expenditure Review World Bank FISCAL POVERTY REDUCTION PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEW; BUDGET MANAGEMENT; CAPITAL BUDGETS; SOCIAL SECTOR INVESTMENT; FISCAL SUSTAINABILITY;ACCOUNTABILITY ADJUSTMENT LENDING AGRICULTURAL PRACTICES AGRICULTURAL PRODUCTS AGRICULTURE ARSENIC BIRTH RATE BUSINESS ENVIRONMENT CAPITA INCOME CIVIL SOCIETY COMMODITIES COMMUNITY LEVEL CONSULTATION PROCESS CORRUPTION COST OF LIVING CREDIT SCHEMES CULTIVABLE LAND DECISION MAKING DEVELOPMENT PARTNERS DEVELOPMENT PROJECTS DEVELOPMENT STRATEGY DEVELOPMENT STUDIES DIET DISABILITIES DISASTERS DISCRIMINATION DIVERSIFICATION ECONOMIC ACTIVITIES ECONOMIC ACTIVITIES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMICS EFFECTIVE USE EMPLOYMENT ENDOWMENTS EQUIPMENT EXCHANGE RATE EXPENDITURE SURVEY EXPLOITATION EXTENSION EXTENSION SERVICES EXTERNAL CONDITIONS FARMERS FINANCIAL AID FINANCIAL PERFORMANCE FINANCIAL SECTOR FISH FISHERIES FISHING FULL PARTICIPATION GENDER GENDER INEQUALITY HEALTH SERVICE HOUSEHOLD INCOME HOUSING HUMAN CAPACITY HUMAN DEVELOPMENT ILLITERACY IMPACT ASSESSMENT IMPROVING GOVERNANCE IMPROVING GOVERNANCE INCOME INCOME/PURCHASING INCOME/PURCHASING POWER INEQUALITY INFLATION INSTITUTIONAL ARRANGEMENTS INTEGRATION INTEREST RATES INTERMEDIARIES INTERNATIONAL RESERVES LAWS LOW INCOME MACROECONOMIC FRAMEWORK MACROECONOMIC MANAGEMENT MACROECONOMIC STABILITY MALNUTRITION MARKETING MEDIA MICRO CREDIT MIGRATION MUNICIPALITIES NATIONAL LEVEL NATIONAL POVERTY NATIONAL RESEARCH NATURAL RESOURCES PARITY PARLIAMENT PARTICIPATORY POVERTY PATIENTS PERFORMANCE INDICATORS POLICY FRAMEWORK POLICY REFORMS POLICY REFORMS POLITICAL INSTABILITY POLITICAL SUPPORT POOR POLICIES POPULATION GROWTH POVERTY REDUCTION POVERTY REDUCTION POVERTY REDUCTION STRATEGY PRIME MINISTER PRIVATE SECTOR PRO-POOR PRO-POOR GROWTH PRODUCTIVITY PROFESSIONS PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC INSTITUTIONS PUBLIC SECTOR RAPID GROWTH REDUCING POVERTY RESEARCH INSTITUTE RESOURCE CONSTRAINTS RESOURCES MANAGEMENT RURAL AREAS RURAL DEVELOPMENT SAFETY SAFETY NETS SANITATION SAVINGS SOCIAL DEVELOPMENT SOCIAL ENVIRONMENT SOCIAL INDICATORS SOCIAL JUSTICE SOCIAL PROTECTION SOCIAL SECTORS SOCIAL SECURITY SOCIAL SERVICES STATE- OWNED ENTERPRISES TAX ADMINISTRATION TECHNICAL EDUCATION TECHNICAL INPUTS TECHNICAL SUPPORT TECHNICAL SUPPORT TRADE LIBERALIZATION TRADE POLICY TRADE REGIME TRANSPORT UNEMPLOYMENT UNEQUAL DISTRIBUTION URBAN AREAS VIOLENCE VOCATIONAL EDUCATION VULNERABLE GROUPS WATER RESOURCES This Public Expenditure Review (PER) builds on the commitments of the 2003 Country Economic Memorandum (CEM), and 2002 Country Assistance Strategy (CAS) Progress Report, being its primary objective to assess strengths and weaknesses in key areas of public expenditure, and identify policy options for fiscal sustainability. Jamaica's high debt aggravates debt sustainability and efforts to improve growth. Revenue performance is also a weak element in the country's overall fiscal framework, while the current level of public sector investment is too low to support strong sustained growth. Amidst mounting fiscal problems, the Government has been unable to spend the necessary on social sectors, and this has in turn catalyzed some innovative thinking on how to raise resources, and private sector involvement. Moreover, the effectiveness of the budget as a tool for fiscal policy has been muted by its perceived low credibility. The report suggests focusing on reconciling expenditure commitments to improve budget credibility, including direct and contingent commitments. This implies increased fiscal discipline, and improved expenditure management across all levels of government. Furthermore, the government should avoid the use of the capital budget as a de-facto contingency fund; rather, it should be a strategic development tool in the context of a live Public Sector Investment Program. Recommendations towards fiscal consolidation and a debt-reducing economic strategy, include reducing vulnerability, and the bilateral debt; increasing revenues and rationalizing Government expenditures to generate further growth; rationalizing education and health expenditures; and, improving the institutional framework for public expenditure management. 2012-06-20T17:50:40Z 2012-06-20T17:50:40Z 2005-02 http://documents.worldbank.org/curated/en/2005/02/5752123/jamaica-fiscal-consolidation-growth-poverty-reduction-public-expenditure-review http://hdl.handle.net/10986/8537 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 America Caribbean Jamaica |