Social Expenditure in Central America, Panama and the Dominican Republic at a Glance: 2007-2013
Social spending is a powerful tool to reduce poverty, achieve higher equality and better life conditions for the inhabitants of a country. In "Social Expenditure in Central America, Panama and the Dominican Republic: 2007-2013", a characterization of the different variables that have taken social expenditure to its current position is performed. During the economic crisis period, many governments of the region confront this situation with an increase in social expenditures. However, part of the increase was centered on inflexible items, particularly wages, which facilitated the increase in fiscal deficits and, consequently, on public debt. Thus, after the financial crisis, the fiscal situation has reduced governments' buffers to respond to economic shocks, which imply that we need to examine the fiscal policy given its rigidity, the scarcity of public resources and the institutional contract. The study of wage bill increases provides more information related to the causes of this dynamic, and allow us to offer recommendations to improve spending management without threatening public finances. A better use of resources could contribute to define a more efficient and equitable agenda for the countries in the region. Finally, something that was not deeply explored, as of today, is the institutional complexity and how this could facilitate, or hinder, the government's ability to express its fiscal policy, including the effectiveness in the use of public resources.
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| Format: | Books biblioteca |
| Language: | English |
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Inter-American Development Bank
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| Subjects: | Public Expenditure, Public Finance, Fiscal Deficit, Public Debt, Public Health Expenditure, Education Expenditure, H53 - Government Expenditures and Welfare Programs, H52 - Government Expenditures and Education, H51 - Government Expenditures and Health H4 - Publicly Provided Goods H3 - Fiscal Policies and Behavior of Economic Agents H1 - Structure and Scope of Government, wages;wage bill;public sector;institutionality;public expenditure;efficiency;Central America;social expenditure;health spending;education spending, |
| Online Access: | https://publications.iadb.org/en/social-expenditure-central-america-panama-and-dominican-republic-glance-2007-2013 |
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