Guinea : Strengthening Public Expenditure Management for Poverty Reduction and Growth

Abstract

Public expenditure management is at the
 heart of Guinea's strategy for poverty reduction and
 growth. The impact of public expenditures on the economy and
 the poor hinges on the government's ability to improve
 its performance in the three major areas: (1) the
 restoration of macroeconomic stability through prudent
 policies and improved revenue mobilization (the
 stabilization issue); (2) the strategic allocation of
 resources reflecting priority sectors (the allocation
 issue); and (3) the efficient execution of expenditures,
 notably with regard to externally financed expenditures, to
 enhance delivery of basic public services through the
 decentralization and the accountability in the management of
 expenditures, and the implementation of civil service
 reforms (the execution issue). The Public Expenditure Review
 addresses these three key issues--stabilization, allocation,
 and execution - as well as the effectiveness of expenditures
 in the three priority sectors of education, health and rural
 development in terms of outputs and outcomes.