[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-108914-en":3,"doc-seo-108914-105":31,"detail-sidebar-cat-0-en-105":92},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":28,"seo_description":14,"update_tm":29,"read_time":30},108914,13056703019662,"Evangeline","https://ap-avatar.wpscdn.com/avatar/be000253a8e92610077?_k=1778726343310543188",8,"Research & Report","Sierra Leone Public Expenditure Review 2021 - Fiscal Policy for a Sustainable Recovery","Sierra Leone Public Expenditure Review 2021 examines the country’s macro-fiscal performance and fiscal policy options to support a sustainable recovery. It reviews the macroeconomic context, revenue and grant developments, tax policy and administration, and the trends, composition, and efficiency of public expenditure, including personnel emoluments, functional spending, and budget execution. The review also assesses public debt trends and vulnerabilities, fiscal risks and sustainability, and scenarios for debt dynamics, concluding with policy options.","SIERRA LEONE  \nPUBLIC EXPENDITURE REVIEW 2021  \nFiscal Policy for a Sustainable Recovery  \nPub lic Disclosure Authorized Pub lic Disclosure Authorized Pub lic Disclosure Authorized Pub lic Disclosure Authorized  \nJune 2021  \n© 2021 The World Bank  \n1818 H Street NW, Washington DC 20433  \nTelephone: 202-473-1000; [Internet: www.worldbank.org](Internet: www.worldbank.org)[ ](Internet: www.worldbank.org)Some rights reserved  \nThis work is a product of the staff of The World Bank. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of the Executive Directors ofThe World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries.  \nRights and Permissions  \nThe material in this work is subject to copyright. Because The World Bank encourages dissemination of its knowledge, this work may be reproduced, in whole or in part, for noncommercial purposes as long as full attribution to this work is given.  \nAttribution—Please cite the work as follows: “Sierra Leone Programmatic Public Expenditure Reviews 2021: Fiscal Policy fora Sustainable Recovery. 2021. © Macroeconomics Trade and Investment Global Practice, World Bank Group.”  \nAll queries on rights and licenses, including subsidiary rights, should be addressed to World Bank Publications, The World Bank Group, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2625; [e-mail: pubrights@worldbank.org](e-mail: pubrights@worldbank.org).  \nAcknowledgements  \nThis Public Expenditure Review 2021 is a product of the World Bank’s Macroeconomics, Trade & Investment Global Practice. The report was prepared by Youssouf Kiendrebeogo (Senior Economist, EAWM2) and Kemoh Mansaray (Senior Economist, EAWM2), under the overall guidance of Francisco Carneiro (Practice Manager, EAWM2), Pierre Laporte (Country Director, AWCW1), and Gayle Martin (Country Manager, AWMSL) . Research assistance was provided by Hirut Wolde (Consultant, EAWM2) and Moulaye Ibrahim Bamba (Consultant, EAWM2) . The report benefited from comments from Abebe Adugna (Regional Director, EAWDR), Alimamy Bangura (Chief Economist, Sierra Leone Ministry of Finance), Antonio Giuffrida (Program Leader, HAWDR),  \nChadi Bou Habib (Lead Economist, EMFTX), Errol George Graham (Lead Economist, EAWM2), Junko Onishi (Senior Social Protection Specialist, HAWS3), Shomikho Raha (Senior Public Sector Specialist, EAWG2), Sona Varma (Economic Adviser, OPSCE), Tehmina Shaukat Khan (Senior Economist, EECM2), Yakama Jones (Director of Research, Sierra Leone Ministry of Finance) and the IMF’s Sierra Leone team. Claudia Rocio Manrique (Program Assistant, EAWM2), Irene Sitienei (Program Assistant, EAWM2) and Pinar Baydar (Operations Analyst, EAWM2) provided excellent operational and administrative support. The team would like to thank the Sierra Leonean authorities and the EU Delegation to Sierra Leone for their fruitful collaboration.  \nCONTENTS  \nACKNOWLEDGEMENTS ii  \nACRONYMSAND ABBREVIATIONS v  \nFOREWORD vii  \nEXECUTIVE SUMMARY 1  \nI MACRO-FISCAL OVERVIEW  \nAND ANALYSIS 14  \n1 1 Macroeconomic Context 14  \n1 2 Fiscal Developments 19  \n1 2 1 Revenues and Grants: Overview 21  \n1 2 2 Sources of Tax Revenues 22  \n1 2 3 Nontax Revenue Trends 24  \n1 2 4 Foreign Grants Declined as Donors Reduced  \nSupport after the Ebola Epidemic 24  \n1 3 Tax Policy and Administration 27  \n1 4 Trends and Composition of  \nPublic Expenditure 29  \n1 4 1 Detailed Public Expenditure Composition,  \nTrends and Efficiency 32  \n1 4 2 Analysis of Personnel Emoluments 38  \n1 4 3 Functional Composition of Public  \nExpenditures 44  \n1 4 4 Budget Execution 48  \n1 5 Public Financial Management (PFM)  \nIssues 50  \n1 6 Public Investment Ma","cbCainzc8iqMOFDF","https://ap.wps.com/l/cbCainzc8iqMOFDF","pdf",6234422,4,1,96,"English","en",105,"# Executive Summary\n## Macro-Fiscal Overview and Analysis\n## Public Debt, Fiscal Risks and Sustainability\n## Conclusion and Policy Options\n# References\n# Annex","[{\"question\":\"What does the Sierra Leone Public Expenditure Review 2021 focus on?\",\"answer\":\"It focuses on macro-fiscal conditions, fiscal policy measures, and sustainability, including expenditure trends, public debt, and fiscal risks.\"},{\"question\":\"Which areas of public expenditure are analyzed?\",\"answer\":\"It covers the trends and composition of public expenditure, detailed composition and efficiency, personnel emoluments, functional composition, and budget execution.\"},{\"question\":\"How does the report address public debt and fiscal risks?\",\"answer\":\"It reviews public debt trends, profiles, and vulnerabilities, examines fiscal risks such as contingent liabilities and natural-disaster shocks, and discusses debt dynamics under alternative scenarios.\"}]","Sierra Leone Public Expenditure Review 2021 - 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