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Zambia - Public expenditure review (Vol. 2) : Main report (English)

Zambia needs a realistic and in-depth reassessment of the role of the public sector in the economy. Given the current dominance of the public sector in the economy, reform of the public expenditure program is essential and will be one of the key instruments by which the Government can restore a sound basis for growth. The public sector should concentrate its resources on improving those services necessary for the recovery of the economy, such as health, education, agricultural services and road maintenance, and, in the case of the parastatals, rehabilitation of basic economic infrastructure in mining, energy and rail transportation. Beyond these sectors, public commitment of resources to new programs investments should be minimized, and opportunities should be explored for stimulating the productive energies of other actors in the economy, particularly the private sector, in order to establish new areas for growth.


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    Pre-2003 Economic or Sector Report

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  • Doc Name

    Main report

  • Keywords

    composition of government expenditure;ratio of government tax revenue;public expenditure program;budget deficit;purchase of goods and services;foreign interest payment;foreign debt;reduction in government expenditure;foreign interest obligation;capital expenditure;gross fixed capital formation;civil service pay scale;improvements in factor productivity;increase in tax revenue;roads and development;medium term economic framework;expenditure reform;loss in revenue;recurrent departmental charges;domestic interest rate;national income account;economic reform program;government expenditure program;gross national saving;private investment;operational expenditure;investment program;local currency terms;population growth rate;total tax revenue;national income accounting;taxes on domestic;annual exchange rate;skilled human resource;weights and measure;foreign debt service;international trade flows;public sector decision;domestic tax revenue;private sector savings;foreign exchange risk;amount of debt;gross capital formation;formal sector employment;economic growth rate;size and structure;private sector housing;foreign exchange guarantee;reasonable time period;debt service payment;source of financing;basic human need;share of capital;savings and investment;interest rate control;allocation of resource;agriculture and industry;public sector saving;external debt burden;composition of expenditure;large capital requirement;capital investment program;amount of investment;foreign exchange resource;allocation of fund;real interest rate;share of investment;terms of trade;foreign trade regime;government revenue;copper industry;Capital Investments;rehabilitation program;parastatal sector;loan repayment;domestic saving;price control;savings performance;aggregate savings;public saving;economic recovery;Fiscal policies;capital stock;policy regard;external resource;expenditure reduction;domestic debt;fiscal policy;expected growth;economic recession;cash basis;wage restraint;budgetary outlook;debt rescheduling;investment resource;debt problem;private consumption;constant price;accrual basis;debt relief;private saving;foreign saving;base year;cost efficiency;



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Zambia - Public expenditure review (Vol. 2) : Main report (English). Washington, D.C. : World Bank Group.