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The Fiscal and Welfare Impacts of Reforming Fuel Subsidies in India
Rahul Anand
Mr.David Coady
Mr.Adil Mohommad
Mr.Vimal V Thakoor
Mr.James P Walsh
出版
International Monetary Fund
, 2013-05-29
主題
Business & Economics / Economics / Macroeconomics
Business & Economics / Public Finance
Business & Economics / Inflation
ISBN
1484384458
9781484384459
URL
http://books.google.com.hk/books?id=vEGBkbMHFZEC&hl=&source=gbs_api
EBook
SAMPLE
註釋
Rising fuel subsidies have contributed to fiscal pressures in India. A key policy concern regarding subsidy reform is the adverse welfare impact on households, in particular poor households. This paper evaluates the fiscal and welfare implications of fuel subsidy reform in India. Fuel subsidies are found to be badly targeted, with the richest ten percent of households receiving seven times more in benefits than the poorest ten percent. Although subsidy reform would generate substantial fiscal savings, the associated increases in fuel and other prices would lower household real incomes of all income groups. Better targeting of fuel subsidies would fully protect lower income households while still generating substantial net fiscal savings. Lessons from subsidy reforms in other countries are identified and discussed.