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Prioritizing Expenditures for a Recovery for All
Jingjing Chai
Matthew Cummins
其他書名
A Rapid Review of Public Expenditures in 126 Developing Countries
出版
Policy, Advocacy and Knowledge Management, Division of Policy and Practice, UNICEF
, 2010
URL
http://books.google.com.hk/books?id=Ec6NMwEACAAJ&hl=&source=gbs_api
註釋
This working paper examines the extent to which fiscal consolidation is occuring in 2010-11 among 126 low and middle-income countries, and the potential risks for children and poor households at a time when economic recovery is fragile and uneven. Using fiscal projection data published by the IMF, the paper finds that a significant number of countries is expected to contract aggregate government spending in 2010-11. This is of concern both in terms of GDP (44% of the sample is tightening) as well as in the real value of total government expenditures (25% of the countries). The paper identifies common adjustment measures considered by policy makers, such as wage bill cuts/caps, reducing subsidies and targeting social protection, and highlights their potentially negative social impacts. Financing options for equitable social spending are explored. The paper concludes by questioning if the projected fiscal adjustment trajectory in a number of countries -- in terms of timing, scope and pace -- is conducive to adequately protecting vulnerable households and achieving development goals such as the MDGs.