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Reforms under fiscal stress : a policy note on the priorities for fiscal and budget reform in Nepal (Inglês)

This note, first of the several on fiscal management and policy option notes planned, provides a concise assessment of the achievements to date of the ongoing reforms to budget management in Nepal and concludes with some guidance on the key focus areas of fiscal policy and expenditure management over the near and medium term. It is a selective assessment that looks at major aspects of the policy and budget process with a view to identifying areas for strategic focus, rather than a detailed rendering of the reforms. The note highlights the fiscal challenges that are assuming increasing prominence and which must be addressed by policy decisions and medium term reforms. While recognizing the uniqueness of Nepal's initial conditions, capacities and current security related challenges, the note takes account of international experience in implementing such reforms. The note starts with the economic and political background. The second section reviews fiscal trends and outlines issues to be considered by a fiscal strategy. The third section discusses institutional issues to strengthen the budget process.


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    Note sobre Políticas

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    Sul da Ásia,

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    Reforms under fiscal stress : a policy note on the priorities for fiscal and budget reform in Nepal

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    fiscal strategy;political leadership;public service in rural area;fiscal deficit;domestic borrowing;medium term fiscal strategy;Public Services;per capita income growth;local self governance;Annual Plan and Budget;efficiency of public spending;efficiency of resource use;development partner;fiscal situation;foreign financing;budget line;political engagement;domestic revenue;allocation of resource;improving service delivery;composition of expenditure;resource allocation decision;income and expenditure;budget process;social inclusion;budget system;donor support;budget framework;members of parliament;improved service delivery;commitment of funds;public sector reform;share of resource;involvement of communities;quality of work;management of asset;cost and performance;budget preparation process;rural road construction;form of sector;aggregate fiscal discipline;private sector borrowing;budget execution stage;degree of confidence;international financial institution;benefits of investment;micro hydro power;Public Expenditure Management;poverty reduction goal;lack of focus;budget formulation process;population with access;national planning commission;education and health;medium term growth;safe drinking water;prioritization of expenditures;strategic policy making;cost of development;Decentralization and Community;external technical assistance;debt service difficulty;impact of reforms;school management committee;drinking water scheme;human capital development;transfer of resource;annual budgetary process;public expenditure reform;source of revenue;Performance and Development;local development;Donor Commitment;fiscal framework;expenditure rationalization;budget performance;budget constraint;public policy;external assistance;budget reform;external aid;fiscal management;political environment;Government Performance;external financing;economic sector;security environment;cash budget;resource levels;Fiscal policies;political events;fiscal policy;donor financing;public resource;counterpart funding;external grant;policy process;infrastructure sector;realistic budget;budgetary reform;donor finance;government service;community control;budget expenditure;Budget Management;improved public;government operation;political uncertainty;foreign assistance;political resolve;productive expenditure;legal framework;deficit financing;external partner;fiscal limit;capital budget;fiscal risk;



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