Latvia - From Exuberance to Prudence : A Public Expenditure Review of Government Administration and the Social Sectors - Overview and Summary

World Bank

dc.creator	World Bank
dc.date	2012-03-19T10:27:03Z
dc.date	2012-03-19T10:27:03Z
dc.date	2010-09-27
dc.date.accessioned	2023-02-17T20:45:33Z
dc.date.available	2023-02-17T20:45:33Z
dc.identifier	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20111129233840
dc.identifier	http://hdl.handle.net/10986/3008
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/243357
dc.description	This public expenditure review (PER) was conducted at the request of the Ministry of Finance (MoF) on behalf of the Government of the Republic of Latvia. The objective of the PER is to identify potential areas of further budget savings in public administration and the social sectors that could help restore fiscal balance, speed Latvia's recovery from the current crisis, and help it to meet the Maastricht Criteria by 2012 so it can adopt the Euro in 2014. The remainder of this volume is structured in the following way. Section two recounts the events and circumstances that set the Government's fiscal stance in the years prior to the crisis. Section three summarizes the principal emergency measures the Government took to cope during 2008 and 2009 as the crisis broke and led to Latvia's severe economic contraction. The purpose of these sections which draw liberally from material prepared by the financial authorities, the International Monetary Fund (IMF) and the European Central (EC) is to make the case for further fiscal adjustment plain. The report then summarizes the main messages and highlights the most important suggestions made in each of the longer, more detailed chapters of volume two of the review. Each section is followed by a matrix of the options presented for the Government to take into consideration. Given the important role that municipalities and republican cities play in the delivery of social services, the chapter three of volume two provides an in depth examination of local government finances and spending. Local authorities (municipalities and republican cities) play such a prominent role in the delivery of public services particularly social services that a close look at the character of their spending is critical.
dc.language	English
dc.publisher	World Bank
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo/
dc.rights	World Bank
dc.subject	ACCOUNTING
dc.subject	ADMINISTRATIVE COSTS
dc.subject	ADMINISTRATIVE EXPENSES
dc.subject	ADMINISTRATIVE FUNCTIONS
dc.subject	AMALGAMATION
dc.subject	ANNUAL AVERAGE RATE
dc.subject	AUTOMATIC STABILIZERS
dc.subject	BASELINE SCENARIO
dc.subject	BENEFICIARIES
dc.subject	BUDGET ALLOCATIONS
dc.subject	BUDGET BALANCE
dc.subject	BUDGET DEFICIT
dc.subject	BUDGET DEFICITS
dc.subject	BUDGET INSTITUTIONS
dc.subject	BUDGET PREPARATION
dc.subject	BUDGET PROCESS
dc.subject	BUDGET REDUCTIONS
dc.subject	BUDGET SYSTEM
dc.subject	CAPITAL EXPENDITURE
dc.subject	CAPITAL FLIGHT
dc.subject	CENTRAL BANK
dc.subject	CENTRAL BUDGET
dc.subject	CENTRAL CONTROLS
dc.subject	CENTRAL GOVERNMENT
dc.subject	CIVIL SERVANTS
dc.subject	CIVIL SERVICE
dc.subject	COMPETITIVE PROCUREMENT
dc.subject	CONSUMPTION TAXES
dc.subject	CORPORATE INCOME TAX
dc.subject	CORPORATE PROFITS
dc.subject	COST RECOVERY
dc.subject	COST-BENEFIT ANALYSIS
dc.subject	COST-RECOVERY
dc.subject	CREDIT GROWTH
dc.subject	CURRENCY
dc.subject	CYCLICAL SWINGS
dc.subject	DEBT
dc.subject	DIVISION OF RESPONSIBILITIES
dc.subject	DOMESTIC DEMAND
dc.subject	ECONOMIC CONDITIONS
dc.subject	ECONOMIC DOWNTURN
dc.subject	ECONOMIC GROWTH
dc.subject	ECONOMIES OF SCALE
dc.subject	EDUCATION BUDGET
dc.subject	EDUCATION POLICY
dc.subject	EDUCATION PROGRAMS
dc.subject	EFFICIENCY GAINS
dc.subject	ELECTRICITY
dc.subject	EVASION
dc.subject	EXCHANGE RATE
dc.subject	EXCHANGE RESERVES
dc.subject	EXCISE TAXES
dc.subject	EXPENDITURE CUTS
dc.subject	EXPENDITURE POLICIES
dc.subject	EXPENDITURES
dc.subject	EXTERNAL BORROWING
dc.subject	FINANCIAL CRISIS
dc.subject	FINANCIAL INTERMEDIATION
dc.subject	FINANCIAL MARKETS
dc.subject	FISCAL ACCOUNTS
dc.subject	FISCAL ADJUSTMENT
dc.subject	FISCAL BALANCE
dc.subject	FISCAL CONSEQUENCES
dc.subject	FISCAL CONSOLIDATION
dc.subject	FISCAL COST
dc.subject	FISCAL DEFICIT
dc.subject	FISCAL DEFICITS
dc.subject	FISCAL IMBALANCES
dc.subject	FISCAL POLICY
dc.subject	FISCAL POSITION
dc.subject	FISCAL RESPONSIBILITY
dc.subject	FISCAL SAVINGS
dc.subject	FISCAL STANCE
dc.subject	FISCAL SUSTAINABILITY
dc.subject	FISCAL TARGETS
dc.subject	FOREIGN EXCHANGE
dc.subject	FOREIGN EXCHANGE RESERVES
dc.subject	GOVERNMENT BUDGET
dc.subject	GOVERNMENT DEFICIT
dc.subject	GOVERNMENT EMPLOYMENT
dc.subject	GOVERNMENT EXPENDITURE
dc.subject	GOVERNMENT FINANCES
dc.subject	GOVERNMENT SPENDING
dc.subject	GROSS DOMESTIC PRODUCT
dc.subject	GROSS FIXED CAPITAL FORMATION
dc.subject	GROWTH RATE
dc.subject	HEALTH CARE
dc.subject	HEALTH OUTCOMES
dc.subject	HEALTH PROBLEMS
dc.subject	HEALTH SECTOR
dc.subject	HEALTH SERVICES
dc.subject	HEALTH SPENDING
dc.subject	HOSPITAL SERVICES
dc.subject	HOUSING
dc.subject	HUMAN DEVELOPMENT
dc.subject	INFLATION
dc.subject	INTEREST PAYMENTS
dc.subject	INTEREST RATE
dc.subject	INTEREST RATES
dc.subject	LABOR TAXES
dc.subject	LOCAL FINANCING
dc.subject	LOCAL GOVERNMENT BUDGETS
dc.subject	LOCAL GOVERNMENT SPENDING
dc.subject	LOCAL GOVERNMENTS
dc.subject	LOTTERY
dc.subject	MACROECONOMIC FRAMEWORK
dc.subject	MACROECONOMIC MANAGEMENT
dc.subject	MARKET FAILURES
dc.subject	MARKET PRICES
dc.subject	MEDICAL SERVICES
dc.subject	MEDICAL TREATMENT
dc.subject	MINISTRY OF CULTURE
dc.subject	MINISTRY OF FINANCE
dc.subject	MUNICIPAL GOVERNMENT
dc.subject	MUNICIPAL GOVERNMENTS
dc.subject	MUNICIPAL HOSPITALS
dc.subject	MUNICIPAL LEVEL
dc.subject	MUNICIPALITIES
dc.subject	NATIONAL GOVERNMENT
dc.subject	NATURAL RESOURCES
dc.subject	NET LENDING
dc.subject	NET SPENDING
dc.subject	OPERATIONAL COSTS
dc.subject	PAYROLL TAX
dc.subject	PERSONAL INCOME
dc.subject	PERSONAL INCOME TAX
dc.subject	PERSONAL INCOME TAXES
dc.subject	PERVERSE INCENTIVES
dc.subject	PRIVATE INSURANCE
dc.subject	PRIVATE SECTOR
dc.subject	PROVISION OF SERVICES
dc.subject	PUBLIC
dc.subject	PUBLIC ADMINISTRATION
dc.subject	PUBLIC DEBT
dc.subject	PUBLIC EMPLOYEES
dc.subject	PUBLIC EMPLOYMENT
dc.subject	PUBLIC EXPENDITURE
dc.subject	PUBLIC EXPENDITURE REVIEW
dc.subject	PUBLIC EXPENDITURES
dc.subject	PUBLIC FINANCE
dc.subject	PUBLIC FINANCE MANAGEMENT
dc.subject	PUBLIC FINANCES
dc.subject	PUBLIC FINANCIAL MANAGEMENT
dc.subject	PUBLIC GOODS
dc.subject	PUBLIC HEALTH
dc.subject	PUBLIC PENSION
dc.subject	PUBLIC PRIVATE PARTNERSHIPS
dc.subject	PUBLIC PROCUREMENT
dc.subject	PUBLIC RESOURCES
dc.subject	PUBLIC SECTOR
dc.subject	PUBLIC SECTOR EMPLOYMENT
dc.subject	PUBLIC SECTOR SPECIALIST
dc.subject	PUBLIC SERVICE
dc.subject	PUBLIC SERVICES
dc.subject	PUBLIC SPENDING
dc.subject	PUBLIC TRANSPORT
dc.subject	QUALITY OF LIFE
dc.subject	REAL ESTATE TAX
dc.subject	RESIDENTIAL REAL ESTATE
dc.subject	RESOURCE MANAGEMENT
dc.subject	RETIREMENT INCOME
dc.subject	REVENUE GROWTH
dc.subject	REVENUE POLICY
dc.subject	REVENUE SHARING
dc.subject	ROADS
dc.subject	SECTOR PROGRAMS
dc.subject	SERVICE DELIVERY
dc.subject	SERVICE DELIVERY FUNCTIONS
dc.subject	SERVICE LEVELS
dc.subject	SERVICE PROVISION
dc.subject	SMALL MUNICIPALITIES
dc.subject	SOCIAL ASSISTANCE
dc.subject	SOCIAL BENEFITS
dc.subject	SOCIAL EQUITY
dc.subject	SOCIAL INSURANCE
dc.subject	SOCIAL PROTECTION
dc.subject	SOCIAL RETURN
dc.subject	SOCIAL RETURNS
dc.subject	SOCIAL SERVICES
dc.subject	SOCIAL WELFARE
dc.subject	SOCIAL WELFARE SPENDING
dc.subject	STATE AUDIT OFFICE
dc.subject	STATE BUDGET
dc.subject	STATE OWNED ENTERPRISES
dc.subject	STRUCTURAL DEFICITS
dc.subject	STRUCTURAL EXPENDITURE
dc.subject	STRUCTURAL REFORM
dc.subject	STRUCTURAL REFORMS
dc.subject	SUB-NATIONAL GOVERNMENTS
dc.subject	SUSTAINABLE FISCAL ADJUSTMENT
dc.subject	TAX ADMINISTRATION
dc.subject	TAX BASE
dc.subject	TAX BURDEN
dc.subject	TAX CUTS
dc.subject	TAX POLICY
dc.subject	TAX RATE
dc.subject	TAX RATES
dc.subject	TAX REFORM
dc.subject	TAX REVENUE
dc.subject	TAX REVENUES
dc.subject	TAX STRUCTURE
dc.subject	TAX SYSTEM
dc.subject	TAXATION
dc.subject	TOTAL EXPENDITURE
dc.subject	TOTAL SPENDING
dc.subject	TOTAL TAX REVENUE
dc.subject	TREASURY
dc.subject	UNINTENDED CONSEQUENCES
dc.title	Latvia - From Exuberance to Prudence : A Public Expenditure Review of Government Administration and the Social Sectors - Overview and Summary
dc.type	Economic & Sector Work :: Public Expenditure Review
dc.coverage	Europe and Central Asia
dc.coverage	Europe and Central Asia
dc.coverage	Europe
dc.coverage	Eastern Europe
dc.coverage	Commonwealth of Independent States
dc.coverage	Latvia