Kosovo Public Finance Review : Fiscal Policies for a Young Nation

Title: Kosovo Public Finance Review : Fiscal Policies for a Young Nation
Contributors: World Bank
Publisher Information: Washington, DC, 2014.
Publication Year: 2014
Subject Terms: REMITTANCES, MINISTRY OF FINANCE, ANNUAL BUDGET, HEALTH OUTCOMES, APPROPRIATIONS, ECONOMIES OF SCALE, PRIVATE INVESTMENTS, HOUSEHOLDS, WATER SUPPLY SYSTEMS, RECESSION, UNEMPLOYMENT, REVENUE COLLECTION, PUBLIC SERVICE, MINISTRIES OF FINANCE, PUBLIC FINANCE, PURCHASING POWER PARITY, SOCIAL WELFARE, EXPENDITURES, ACCOUNTING, SOCIAL PROTECTION, TAX ADMINISTRATION, REGISTRATION FEES, ROAD MAINTENANCE, PUBLIC DEBT STOCK, EXCESS SUPPLY, EDUCATION SPENDING, INFORMATION TECHNOLOGY, ALLOCATION, DEPOSITS, PUBLIC SECTOR SPENDING, EDUCATION QUALIFICATIONS, EARLY CHILDHOOD EDUCATION, INCOME TAX, DEMOGRAPHIC COMPOSITION, TAX REVENUE, CAPITAL EXPENDITURE, FOREIGN DIRECT INVESTMENTS, FISCAL POLICY, EQUIPMENT, INTERNATIONAL DEBT MARKETS, REVENUE POLICY, GROSS DOMESTIC PRODUCT, LIQUIDITY, NET SPENDING, PUBLIC FINANCIAL MANAGEMENT, PRIVATE FINANCING, HEALTH INSURANCE FUND, EARLY CHILDHOOD, OBSTACLES TO GROWTH, ACCOUNTABILITY, TAX POLICY, INCOME GROUP, EXPENDITURE, PORTS, STATE GUARANTEE, TAX RATES, PUBLIC EXPENDITURE REVIEW, CORPORATE INCOME TAX, INTERNATIONAL DEVELOPMENT, PUBLIC SECTOR, BANKING SYSTEM, DEBT LEVELS, PRIVATE SECTOR PARTICIPATION, HEALTH SECTOR, CASH RESERVES, PUBLIC DEBT, LABOR MARKETS, INFORMAL ECONOMY, LICENSES, TAX BENEFITS, HOUSING, GROUPS OF PEOPLE, PUBLIC SERVICES, PUBLIC INTEREST, PUBLIC RESOURCES, EFFICIENCY OF PUBLIC SPENDING, PRIVATE SECTOR, EMPLOYERS, PUBLIC FINANCES, LONG-TERM DEBT, HUMAN CAPITAL, INVESTING, DOMESTIC DEMAND, TOTAL PUBLIC EXPENDITURE, POVERTY REDUCTION, PRIVATIZATION, HEALTH SPENDING, KEY CHALLENGES, PERSONAL INCOME, CAPITAL INVESTMENT, BASELINE SCENARIO, PUBLIC SERVANTS, NATURAL DISASTER, INTERNATIONAL FINANCIAL INSTITUTIONS, MEDIUM TERM EXPENDITURE FRAMEWORK, DONOR SUPPORT, PREMIUM PAYMENTS, URBAN AREAS, INSURANCE, PERSONAL INCOME TAXES, PUBLIC REVENUES, PROPERTY TAX, ECONOMIC GROWTH, ELECTRICITY, BASIC NEEDS, COST ESTIMATE, VULNERABLE HOUSEHOLDS, LABOR FORCE SURVEY, PROPERTY TAX COLLECTION, PUBLIC HEALTH, RISK ASSESSMENTS, PERSONAL INCOME TAX, TELECOMMUNICATIONS, LEGAL SYSTEM, MUNICIPALITIES, FISCAL DEFICIT, TAX STRUCTURE, TAX EVASION, REVENUE PERFORMANCE, UNION, CAPITAL INVESTMENTS, CAPITAL STOCK, TAX REVENUES, GOVERNMENT GRANTS, INFRASTRUCTURE INVESTMENT, CENTRAL BANK, INTERNATIONAL BANK, ACCESS TO EDUCATION, PENSION, PUBLIC, EXPENDITURE ALLOCATIONS, TOTAL PUBLIC SPENDING, BENEFICIARIES, TAX LAW, REVENUE SOURCES, SAVINGS, MONETARY FUND, PRIMARY DEFICITS, TAX SYSTEM, FINANCE MINISTRY, FINANCIAL INSTRUMENTS, INFORMATION SYSTEM, REVENUE GROWTH, ECONOMIC COOPERATION, FINANCIAL MANAGEMENT, MACROECONOMIC INDICATORS, NET REVENUE, TARIFF REVENUE, PUBLIC INVESTMENT, RECEIPTS, INTEREST PAYMENTS, EDUCATION SYSTEM, PURCHASING POWER, GOVERNMENT BANK, PUBLIC FINANCE MANAGEMENT, VULNERABLE GROUPS, PUBLIC PROCUREMENT, DEFICITS, SOCIAL ASSISTANCE, LEGAL TENDER, CONSUMER PRICE INDEX, EDUCATION LEVELS, PENSION SYSTEM, POVERTY IMPACT, FISCAL POLICIES, FAMILIES, HEALTH CARE PROGRAM, CURRENCY, INVESTMENT PROJECTS, SHAREHOLDERS, HEALTH FINANCING, PENSIONS, BENEFICIARY, USER CHARGES, PUBLIC EXPENDITURES, ENROLLMENT, FISCAL PERFORMANCE, NET LENDING, PHYSICAL CAPITAL, GLOBAL ECONOMY, MEDIUM TERM EXPENDITURE, NUTRITION, SOCIAL SECURITY, TAX EXEMPTIONS, INCOME TAXES, INTERNATIONAL DEBT, MACROECONOMIC POLICY, RATES OF RETURN, BARRIERS TO GROWTH, TOTAL TAX REVENUE, CAPITAL SPENDING, PROPERTY TAXES, DEFICIT FINANCING, EDUCATION EXPENDITURES, PUBLIC EXPENDITURE, HEALTH EXPENDITURES, FISCAL DEFICITS, TAX COLLECTION, PUBLIC SPENDING, EXTREME POVERTY, ROADS, PUBLIC FUNDS, INTERNATIONAL BORROWING, FISCAL IMPACT, HEALTH INSURANCE, CAPITAL PROJECTS, EDUCATION FUNDS, BALANCE OF PAYMENTS, PROVISIONS, FINANCIAL HEALTH, ACCESS TO MARKETS, HEALTH CARE, EXPROPRIATIONS, EVASION, CORRUPTION, PUBLIC INVESTMENTS, CASH PAYMENTS, LABOR MARKET
More Info: Kosovo is Europe s youngest country, both in terms of history and demographics. As part of the former Yugoslavia, Kosovo became a separate territory under United Nations administration in 1999, and declared its independence in 2008. By February 2014 it had been recognized by 106 UN member states including 23 out of 28 EU members. Kosovo is a potential candidate for European Union (EU) membership and is currently negotiating a Stabilization and Association Agreement (SAA) with the European Commission. From 1999 Kosovo has been using the Deutsche Mark and, since 2002, its successor currency, the Euro, as legal tender. Kosovo is a landlocked country in South East Europe (SEE) with about 1.8 million inhabitants and a large migrant population based mainly in Western European countries. Kosovo has taken great strides to rebuild an economy destroyed by the collapse of Yugoslavia and the 1998-99 war, with sound fiscal numbers and budgets focused on capital expenditure. In general, Kosovo s headline macroeconomic indicators are also relatively sound. Growth has averaged over 4 percent since 2000 and remained positive after 2008 during the global crisis years. Household survey evidence for 2006-11 suggests that economic growth benefitted all sections of society but the poorest 40 percent of the population saw consumption rise faster than wealthier groups. Public and private investments have made large contributions toward economic growth over the last five years as efforts to rebuild the economy continued.
Document Type: Article
Language: English
Accession Number: edsagr.US2015600242
Database: AGRIS