By World Bank
Potent, effective, and obvious administration of public assets is especially very important in a negative kingdom like Niger. This examine exhibits how tough it really is for Niger to noticeably switch its expenditure composition very quickly span. A slender and risky family source base, heavy dependence on relief, and a wide proportion of pre-determined bills, equivalent to exterior debt funds, are very important elements at the back of this loss of flexibility. there are methods, even though, to make space within the finances for expanding public spending on precedence sectors. The examine identifies a couple of measures during this regard, resembling expanding household sales, extra reasonable and conservative budgeting, strengthening funds administration, controlling the salary invoice, borrowing prudently, and attracting better exterior financing for recurrent expenses in precedence sectors. The learn additionally exhibits that improving the potency and transparency of public spending is as vital as expanding spending for precedence sectors. It completely assesses public administration structures in Niger and offers an motion plan, together elaborated via the govt and its major exterior companions, to deal with the most demanding situations during this zone. This motion plan encompasses a precedence set of measures to enhance finances guidance, execution in addition to inner and exterior oversight.
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Additional info for Public Expenditure Management and Financial Accountability in Niger (World Bank Country Study)
In the context of Niger, the obligation to adhere to WAEMU convergence criteria add an additional level of complexity, as Niger’s budgetary policy depends to a large extent to macroeconomic policies determined at the regional level. Unless these linkages are brought out explicitly, conventional ﬁscal measures (such as the deﬁcit to GDP ratio or the government debt service to revenues ratio) shed little light on the appropriate level of the ﬁscal deﬁcit and consequently on the appropriate speed of ﬁscal adjustment.
Objectives, Scope, and Structure The main objectives of the PEMFAR are to assess existing systems and capacities for public ﬁnance management, examine past budget outcomes and glean lessons learned from previous reform efforts. The ﬁndings would be translated into a proposed action plan for reform of public expenditure and ﬁnancial management to be adopted by the Government and donors. The plan would prioritize and sequence the proposed measures and coordinate the actions and interventions of the various actors.
Debt/exports ratio) remains unsustainable, reaching a level above 180 percent at end-2003. This might restrict Niger’s ability to attract foreign ﬁnancing. Financing Requirements and Pledged Assistance Based on the assumptions of the medium-term macroeconomic framework, the total ﬁnancing gap for 2004–2007 is estimated at FCFA 172 billion. 0 billion. Aid pledges for 2004 fell short of projected requirements. 1 billion (See Table 1-10). 0 billion. 17 Domestic ﬁnancing 17. In 2004, IDA budgetary assistance would consist of the second tranche of PEAC II (US$25 million) expected for disbursement by end-July.