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Author:
Publisher:
ISBN:
Category : Poverty
Languages : vi
Pages : 206
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Book Description
Author:
Publisher:
ISBN:
Category : Poverty
Languages : vi
Pages : 206
Get Book Here
Book Description
Author:
Publisher:
ISBN:
Category : Poverty
Languages : vi
Pages :
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Book Description
Author:
Publisher:
ISBN:
Category : Poverty
Languages : vi
Pages : 132
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Book Description
Author:
Publisher:
ISBN:
Category : Electronic book
Languages : en
Pages :
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Book Description
Author:
Publisher:
ISBN:
Category : Electronic book
Languages : en
Pages :
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Author: Weltbank
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
This Public Expenditure Review and Integrated Fiduciary Assessment (PER-FA) reviews and assesses the contribution that public expenditure has made to poverty reduction, and growth in Vietnam in recent years, and, identifies priorities and actions for strengthening that contribution over the coming years, through better resource allocation, and better public expenditure management. Fiscal trends have been positive, both in terms of revenue collection and expenditure outturns, resulting in a sustainable fiscal balance. Nevertheless, a number of threats to fiscal sustainability exist, and require attention over the coming years. The Government should restrict further off-budget bond issuance, channeling all Government borrowing through the budget. It should take urgent action to resolve the current expenditure arrears, largely associated with public investment in the transport and agriculture sectors-and prevent their further build up. It should strengthen arrangements for the monitoring, and management of fiscal risk, initially with better recording of domestic debt and credit, through the Development Assistance Fund (DAF). It should rapidly implement the plan to prepare a realistic and sustainable Medium-Term Fiscal Framework (MTFF) as part of every budget cycle. On reviewing the composition of public expenditure, the report states that the shares in total capital spending and total aggregate expenditure of Education and Training, and of Science and Technology, have increased significantly over the review period. Successful efforts have been made to make the transfer of resources between provinces more pro-poor, resulting in an inter-provincial transfer and revenue sharing formula, which indeed benefits poorer provinces. However, non-wage operations and maintenance expenditure fell to by 2002, while the share of capital expenditure (including major repairs) increased somehow. It is necessary to take urgent action to address an imminent maintenance crisis, and strike a balance between capital and recurrent spending. Moreover, regarding institutional aspects, further reforms are required. Efforts are required to strengthen joint working between the Finance and Planning functions at every level. The Ministry of Planning and Investment (MPI) and the Ministry of Finance (MOF) should collaborate actively with sector ministries, and provinces in the preparation of Medium-Term Expenditure Frameworks (MTEFs), building on the experience, and success of sectoral pilot...
Author: Weltbank
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
This Public Expenditure Review and Integrated Fiduciary Assessment (PER-FA) reviews and assesses the contribution that public expenditure has made to poverty reduction, and growth in Vietnam in recent years, and, identifies priorities and actions for strengthening that contribution over the coming years, through better resource allocation, and better public expenditure management. Fiscal trends have been positive, both in terms of revenue collection and expenditure outturns, resulting in a sustainable fiscal balance. Nevertheless, a number of threats to fiscal sustainability exist, and require attention over the coming years. The Government should restrict further off-budget bond issuance, channeling all Government borrowing through the budget. It should take urgent action to resolve the current expenditure arrears, largely associated with public investment in the transport and agriculture sectors-and prevent their further build up. It should strengthen arrangements for the monitoring, and management of fiscal risk, initially with better recording of domestic debt and credit, through the Development Assistance Fund (DAF). It should rapidly implement the plan to prepare a realistic and sustainable Medium-Term Fiscal Framework (MTFF) as part of every budget cycle. On reviewing the composition of public expenditure, the report states that the shares in total capital spending and total aggregate expenditure of Education and Training, and of Science and Technology, have increased significantly over the review period. Successful efforts have been made to make the transfer of resources between provinces more pro-poor, resulting in an inter-provincial transfer and revenue sharing formula, which indeed benefits poorer provinces. However, non-wage operations and maintenance expenditure fell to by 2002, while the share of capital expenditure (including major repairs) increased somehow. It is necessary to take urgent action to address an imminent maintenance crisis, and strike a balance between capital and recurrent spending. Moreover, regarding institutional aspects, further reforms are required. Efforts are required to strengthen joint working between the Finance and Planning functions at every level. The Ministry of Planning and Investment (MPI) and the Ministry of Finance (MOF) should collaborate actively with sector ministries, and provinces in the preparation of Medium-Term Expenditure Frameworks (MTEFs), building on the experience, and success of sectoral pilot...
Author: Weltbank
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
This Public Expenditure Review (PER), prepared jointly by the Government of Vietnam and donors, examines the country's public expenditure policy, and management, and, proposes ways to improve the results of its public spending program. Cross-cutting issues examined, are fiscal sustainability and transparency, expenditure management processes, and fiscal decentralization, analyzing public spending on agriculture, health, education, and transport from the perspective of growth, poverty reduction, and gender equity. The report identifies the following areas requiring action: reversing the Government's declining revenue share in GDP, and developing a medium-term fiscal outlook; improving budgetary data, and increasing the transparency of data and information; ensuring an effective process for prioritizing public expenditures; enhancing "pro-poor" bias of public expenditures; and, assessing where services can be provided by the private sector, to reduce the budgetary burden. Considering these issues, the Government can build on the extensive consultative process, already developed for this PER, and, in addition to its National Assembly, and local governments, consultations with civil society, and media representatives could also be considered by the Government.
Author: Weltbank
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
This Public Expenditure Review (PER), prepared jointly by the Government of Vietnam and donors, examines the country's public expenditure policy, and management, and, proposes ways to improve the results of its public spending program. Cross-cutting issues examined, are fiscal sustainability and transparency, expenditure management processes, and fiscal decentralization, analyzing public spending on agriculture, health, education, and transport from the perspective of growth, poverty reduction, and gender equity. The report identifies the following areas requiring action: reversing the Government's declining revenue share in GDP, and developing a medium-term fiscal outlook; improving budgetary data, and increasing the transparency of data and information; ensuring an effective process for prioritizing public expenditures; enhancing "pro-poor" bias of public expenditures; and, assessing where services can be provided by the private sector, to reduce the budgetary burden. Considering these issues, the Government can build on the extensive consultative process, already developed for this PER, and, in addition to its National Assembly, and local governments, consultations with civil society, and media representatives could also be considered by the Government.
Author: World Bank Government of Vietnam
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Vietnam has experienced an impressive development transformation. The "Doi moi" course initiated in 1986 has successfully transformed the country from one of the poorest in the world to lower middle-income status. Average per capita incomes more than doubled from 2000 to 2014, placing Vietnam amongst the fastest growing developing economies with the most impressive poverty reduction record in the world. Robust economic growth was supported by sound macroeconomic and pro-growth expenditure policies. The previous phase of reforms has resulted in significant achievements in public financial management, including: (a) establishing and maintaining a system of aggregate and detailed fiscal controls, which are similar to those which many other countries use to maintain basic fiscal discipline; (b) implementing a wide-ranging decentralization of public finance, enhancing autonomy given to local governments as well as spending units, both administrative and public service delivery ones; (c) increasing fiscal transparency and accountability on the basis of mutual accountability between executive and legislative branches with the support of audit institutions and the judicial system.
