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The fiscal space generated by a
prolonged oil windfall has enabled Algeria to embark on a
massive public investment program for 2005- 09, Programme
Complementaire de Soutien a la Croissance (PCSC). Taking
advantage of the current macroeconomic and fiscal
opportunity, the country could institutionalize high-quality
public expenditure that would contribute social benefit far
into the future. This Public Expenditure Review (PER) is an
exercise to help the Government toward that end. The
objectives of this PER are to assist the government in the
following: evaluate fiscal sustainability in light of the
country's fiscal push that PCSC represents; set high
technical standards for public investment management; draw
lessons from the on-going budget modernization reform in
order to support the overall implementation, monitoring, and
evaluation of projects; support the preparation of a
medium-term expenditure framework and improve the efficiency
and cost-benefit of investments in four key sectors,
transport and public works, water, education, and health.
