Do Debt-Service Savings and Grants Boost Social Expenditures?
AbstractThis paper evaluates whether debt relief and grants can boost social expenditures in lowincome countries. It finds that declines in debt-service help raise social expenditures, but no relationship between grants and social expenditures. Moreover, since the mid-1980s, lowincome countries have managed to fully insulate social expenditures from the effects of budgetary tightening. The magnitude of the impact of these effects on social expenditures, however, is dwarfed by the resources needed to enable these countries to reach the Millennium Development Goals.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 06/180.
Date of creation: 01 Jul 2006
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-11-25 (All new papers)
- NEP-DEV-2006-11-25 (Development)
- NEP-PBE-2006-11-25 (Public Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Filmer, Deon & Pritchett, Lant, 1997. "Child mortality and public spending on health : how much does money matter?," Policy Research Working Paper Series 1864, The World Bank.
- René W. Aubourg & David H. Good & Kerry Krutilla, 2008. "Debt, democratization, and development in Latin America: How policy can affect global warming," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 27(1), pages 7-19.
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