By World Bank
ISBN-10: 0821363662
ISBN-13: 9780821363669
ISBN-10: 0821363670
ISBN-13: 9780821363676
Powerful, effective, and obvious administration of public assets is especially very important in a terrible kingdom like Niger. This learn exhibits how tough it truly is for Niger to seriously swap its expenditure composition very quickly span. A slim and risky household source base, heavy dependence on reduction, and a wide percentage of pre-determined bills, equivalent to exterior debt funds, are vital elements at the back of this loss of flexibility. there are methods, even though, to make space within the funds for expanding public spending on precedence sectors. The examine identifies a couple of measures during this regard, similar to expanding family sales, extra reasonable and conservative budgeting, strengthening money administration, controlling the salary invoice, borrowing prudently, and attracting greater exterior financing for recurrent expenditures in precedence sectors. The examine additionally indicates that improving the potency and transparency of public spending is as vital as expanding spending for precedence sectors. It completely assesses public administration platforms in Niger and provides an motion plan, together elaborated via the govt. and its major exterior companions, to handle the most demanding situations during this zone. This motion plan features a precedence set of measures to enhance finances guidance, execution in addition to inner and exterior oversight.
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Extra resources for Public Expenditure Management and Financial Accountability in Niger (World Bank Country Study)
Sample text
3 percent of GDP over 2004–2007 as a result on increases in both public and private savings. 6 percent during 2004–2007. This reflects prudent monetary policy at the regional level, a stable real exchange rate, and strong and sustainable economic growth. 5 percent over 2004–2007). 16 Government Finance Outlook. The macroeconomic framework assumes a continued improvement of the fiscal stance. 9 percent). Total expenditure and net lending is projected to reach FCFA 354 billion at the end of the period, from FCFA 310 billion in 2004.
EU grant financing consists of two tranches: a fix tranche of Euros 19 million and a variable tranche of maximum Euros 10 million. The key condition for the release Public Expenditure Management and Financial Accountability in Niger 21 Table 1-10. Financial Operations of the Central Government, 2004–2007 Projections of overall balance and financing (in percent of GDP) Average Projections Projections 2004 Overall balance (commitment basis excl. 1% Overall balance (cash basis excl. 8% ... 9% ... 3% ...
The five secondary criteria are: • The ratio of the wage bill to tax revenue must not exceed 35 percent. • The ratio of domestically financed public investment to tax revenue must exceed 20 percent. • The ratio of the external recurrent account deficit, excluding grants, to nominal GDP must not exceed 5 percent. • The tax-to-GDP ratio must be higher than 17 percent. The pact defines a convergence phase (2000–2002), at the end of which member countries were expected to have been in compliance with both sets of convergence criteria and a stability phase from 2003 onward.
Public Expenditure Management and Financial Accountability in Niger (World Bank Country Study) by World Bank
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