Policy Papers
Public Expenditure Indices: Application to Belarus
Public Sector Performance Index (PSP) and Public Sector Efficiency Index (PSE) are the most accessible ways to estimate the comparative efficiency of public finance on the macroeconomic level. We construct PSP and PSE indices for Belarus and find that the efficiency of public expenditures in Belarus is high compared to other post-Soviet economies. The weakest link in the efficiency is the economic stability.
This policy paper is available only in Russian.