This report reviews the state of publicexpenditure in Burundi, with a focus on public investment,and recommends specific actions that need to be taken tostimulate growth and reduce poverty. Overall, the analysisindicates that poor performance in public expenditure andinvestment management are due to a number of factors. First,there is a lack of coordination among national institutions,and between those institutions and the donor community,which weakens the project selection process, implementation,and the integrity of procurement. Second, monitoringcapacity is constrained by the lack of information aboutexecution rates, and by inadequate audit and reportingmechanisms. Third, project performance is affected bydisbursement delays and the volatility of external aid.Finally, in recent years, the significant increase indevelopment spending has been mostly channeled toward thesocial sectors, with very limited public investment relatedto productive economic sectors such as infrastructure.