Indonesia : Public Spending in a Time of Change

[摘要] The study identifies strategicpriorities for restoring sound public finances, emphasizingthe need to maintain fiscal sustainability, under aconstrained budget, and the need to improve the processesfor making budgetary allocations, and budget implementation,towards greater fiscal transparency. It reviewsIndonesia's public spending during the crisis, and theunavoidable build-up of fiscal pressure, its indebtedness,and fiscal risks, coupled with policy implications.Improvements to the budget allocation process are examined,focusing on budgetary management processes, across levels ofgovernment, and on the impact of decentralization - whichcould possibly reinforce civil society participation. Ashift in the fiscal policy focus, towards maintaining fiscalsustainability, and ensuring economic recovery isrecommended. Nonetheless, risks may threaten fiscalsustainability, namely, macroeconomic fluctuations,contingent liabilities, and decentralization. To minimizerisks, the study suggests a combination of domestic revenuegeneration efforts, spending cuts, acceleratedprivatization, aggressive asset recovery, and external finance.

[发布日期] 2000-03-30 [发布机构] Washington, DC

[学科分类] 社会科学、人文和艺术（综合）

[关键词] ACCOUNTABILITY;ACCOUNTING;ACCOUNTING STANDARDS;ADB;ALM