Public Expenditure Review of Armenia FROM THE PUBLISHER
This study covers 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, as well as regular budgetary spending. It suggests a medium-term action plan to address identified weaknesses. Sectoral chapters review health, education, and social protection and insurance. The report also analyzes budget support for core public infrastructure, and Armenia's public investment program.
SYNOPSIS
The first full-scale World Bank report on the government expenditures of Armenia focuses on such issues as the reduction of fiscal deficits and budget arrears, the financial "risk" of off-budget activities, fiscal transparency, expenditure priorities, and expenditure management. The trends for the period 1997 to 2001 are reviewed and the World Bank's recommendations for Armenia's fiscal management are summarized. Annotation ©2004 Book News, Inc., Portland, OR
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