Fiscal Policies and Institutions for Shared Growth in Kenya : Lessons from the Global Crisis

World Bank

Washington, DC

关键词: ACCESS TO SAFE WATER;    AGGREGATE BUDGET;    AGRICULTURE;    ANNUAL COMMITMENTS;    ANNUAL CYCLE;   

RP-ID  :  69709

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This report brings together three budgetnotes that assess Kenya's fiscal capacity to respond toglobal crisis and deliver shared growth without compromisingmacroeconomic stability.The report is organized into threenotes.The key messages from this analysis point to areaswhere Kenya's fiscal policy requires strengthening.The first note is an assessment of Kenya's fiscalstance and suggests an appropriate fiscal anchor for Kenya.The second note reviews the status of public investment inKenya and suggests the reforms required to improve publicinvestment planning and implementation.The subject of thethird note is pro-poor spending and targeted subsidyprograms.This study concludes that the targeted cashtransfers, unemployment benefits, and workfare programsprovide automatic stabilizers for fiscal policy during crisis.