Republic Of Armenia Public Expenditure Review
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Republic Of Armenia Public Expenditure Review
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Author : Weltbankgruppe
language : en
Publisher:
Release Date : 2014
Republic Of Armenia Public Expenditure Review written by Weltbankgruppe and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
Armenia's small revenue and spending envelopes limit the government's ability to influence the economy, even while its influence through laws, rules, and regulations is significant. The government has an important role to play to reduce poverty and boost shared prosperity, and needs fiscal space. This public expenditure review (PER) analyzes and provides recommendations for the different dimensions of expanding the fiscal envelope. There are three ways of creating fiscal space: the first is higher tax revenue mobilization (through better administration and enforcement of existing taxes, higher tax rates, or new taxes on previously untaxed goods and services or incomes), second, lower spending on less productive programs, and third, an increase in the effectiveness of spending, that is, a higher output of the things the government wants (efficient administration, human capital, services for the population) for a given level of spending. The report highlights Armeniaapos;s limited fiscal envelope, and points out that key areas, such as education, health, and road transport, had been consistently underfunded. It suggests that revenue needs to be significantly improved, and the government will have to revisit its expenditure priorities to create the spending headroom needed to at least maintain the spending level in these areas. The structure of the report is presented as follows: section one gives executive summary. Section two focuses on quantifying fiscal activities. Section three analyzes a number of tax exemptions and loopholes. Section four analyzes ways to improve the impact out of every Armenian dram raised and spent. Section five evaluates in detail the social protection system's performance. Section six accompanies the reforms of Armenia's public service remuneration system.
Republic Of Armenia Public Expenditure Review
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Author : World Bank Group
language : en
Publisher:
Release Date : 2014
Republic Of Armenia Public Expenditure Review written by World Bank Group and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with Electronic book categories.
Public Expenditure Review Of Armenia
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Author : World Bank
language : en
Publisher: World Bank Publications
Release Date : 2003
Public Expenditure Review Of Armenia written by World Bank and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Armenia (Republic) categories.
Public Expenditure Review Of Armenia
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Author : World Bank
language : en
Publisher: World Bank Publications
Release Date : 2003
Public Expenditure Review Of Armenia written by World Bank and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business & Economics categories.
This, the first full-scale World Bank Public Expenditure Review for Armenia, reviews the main fiscal trends in Armenia for the period of 1997-2001 and develops recommendations with respect to further fiscal adjustment, expenditure prioritization, and budget consolidation. The analysis focuses on the following core issues: Sustainability of fiscal adjustment, fiscal transparency, expenditure priorities, and short-term expenditure management given the existing economy-wide institutional constraints. This study covers extra-budgetary funds, in-kind external grants, subsidies provided by the state-owned companies in the energy and utility sectors, and operation of the Social Insurance Fund, as well as regular budgetary spending. It suggests a medium-term action plan to address identified weaknesses. Sector chapters review health, education, and social protection and insurance. The report also analyzes budget support for core public infrastructure, and ArmeniaA's public investment program.
Public Expenditure Review Of Armenia
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Author :
language : en
Publisher:
Release Date : 2003
Public Expenditure Review Of Armenia written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Armenia (Republic) categories.
Armenia
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Author :
language : en
Publisher:
Release Date : 2003
Armenia written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Electronic book categories.
Armenia
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Author : Weltbank
language : en
Publisher:
Release Date : 2013
Armenia written by Weltbank and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
This is the first full scale World Bank Public Expenditure Review (PER) for Armenia. The primary objective of the Report was to review the main fiscal trends in Armenia for the period of 1997-2001 and develop recommendations with respect to further fiscal adjustment, expenditure prioritization, and budget consolidation. The report has the following structure. Chapter 1 reviews the main features of the Government's fiscal adjustment effort, initiated in the mid 90-s. It is focused on the analysis of aggregated indicators of fiscal performance such as deficit, public debt, budget arrears, and tax revenues. Chapter 2 looks at the main expenditure trends in the Armenia consolidated budget for 1997-2001 and makes an assessment of the quality and depth of expenditure restructuring undertaken in this period. Chapter 3 looks at the public sector's activities that remain non-reflected in the regular Government budget, which includes extra- budgetary funds, in-kind external grants, subsidies provided by the state-owned companies in the energy and utility sectors, and operations of the Social Insurance Fund. Chapter 4 presents in-depth analysis of progress made to date in the area of expenditure management and suggests a draft medium-term action plan to address identified weaknesses in budget preparation, presentation, execution, and reporting. Annexes 1 and 2 reflect more specific recommendations with respect to upgrading budget management procedures and the regulatory framework. Chapters 5-7 review expenditure policies in the main social sectors (health, education, social protection and insurance) and provide recommendations on: (i) how current expenditures could be made more efficient; (ii) what should be the main direction for intra-sectoral expenditure reallocation; and (iii) what should be medium-term targets for an increase in public expenditures in these sectors. Chapter 8 estimates a minimum level of budget support in core public infrastructure, which would stop deterioration of existing core assets in respective sectors and prevent the further accumulation of arrears. Sectoral Chapters 5-8 also provide recommendations for policy changes that would facilitate a return of these sectors to fiscal sustainability . Chapter 9 presents an analysis of Armenia's public investment program.
Armenia Programmatic Public Expenditure Review
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Author : World Bank
language : en
Publisher:
Release Date : 2007
Armenia Programmatic Public Expenditure Review written by World Bank and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
This module draws upon the work of the local consultants together with the Avag report on irrigation and a study on the specific problems in rural infrastructure. It aims to given a broad overview of infrastructure problems, the outlook given public policy objectives, and a suggested public policy framework and proposes medium term policy, structural, governance and regulatory improvements in the sector. In Armenia considerable progress has been made in bringing infrastructure services up to economically efficient levels. But major challenges remain concerning service quality, sustainability and adequacy of development to meet demand. The government faces three challenging issues in respect of infrastructure: the desirability of policy settings consistent with sustained high rates of growth; improving the stewardship of state infrastructure assets; and making effective use of future investments, particularly those arising from donor contributions such as the millennium challenge corporation along with funds from customers. Consistent with implementation of the Government's growth and poverty alleviation strategy and related policy settings supportive of the continuation of rapid economic growth including high rates of private investment. The report estimates that addressing basic minimum infrastructure needs will require about US$300 million of investment.
Republic Of Armenia
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Author : International Monetary Fund. Middle East and Central Asia Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2020-05-22
Republic Of Armenia written by International Monetary Fund. Middle East and Central Asia Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-05-22 with Business & Economics categories.
This paper discusses Republic of Armenia’s Second Review Under the Stand-By Arrangement, Requests for Augmentation of Access, Modification of Performance Criteria, and Monetary Policy Consultation Clause. Following a strong performance in 2019, the Armenian economy was hit hard by the coronavirus disease 2019 pandemic. The government has proactively responded to the crisis, adopting widespread containment measures while supporting vulnerable individuals and firms in the most affected sectors. The fiscal deficit is projected to widen considerably in 2020, reflecting the impact of the cycle on revenues and higher current spending for healthcare and economic support to vulnerable households and firms. The authorities are committed to pursuing their medium-term goal of debt sustainability once the crisis abates, and public debt is expected to decline over the medium-term in line with Armenia’s fiscal rule, while maintaining space for investment and social spending. The augmentation of access under the Stand-by Arrangement will provide much needed support, allowing the authorities to mitigate the pandemic and support affected households and businesses.
Republic Of Armenia
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2010-04-23
Republic Of Armenia written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-04-23 with Business & Economics categories.
Armenia’s third review under the Stand-By Arrangement and its request for Waiver of Nonobservance of Performance Criterion are discussed. The uptick in inflation was largely driven by exogenous factors, but it is important that these do not feed into further inflationary expectations. The financial sector has been resilient to the crisis and almost all banks are well capitalized. The fiscal stimulus has appropriately supported the economy during the crisis and maintaining priority public spending has been critical for mitigating the impact of the crisis on the poor