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Austerity Measures Threaten Children and Poor Households: Recent Evidence in Public Expenditures from 128 Developing Countries

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Author Info

  • Isabel Ortiz
  • Matthew Cummins

    (Division of Policy and Practice,UNICEF)

Abstract

In the wake of the food, fuel and financial shocks, a fourth wave of the global economic crisis began to sweep across developing countries in 2010: fiscal austerity. Serving as an update of earlier research by UNICEF, this working paper: (i) examines the latest IMF government spending projections for 128 developing countries, comparing the three periods of 2005-07 (pre-crisis), 2008-09 (crisis phase I: fiscal expansion) and 2010-12 (crisis phase II: fiscal contraction); (ii) discusses the possible risks for social expenditures; (iii) assesses the most common adjustment measures being considered by developing countries in 2010-11 and their potentially adverse impacts on vulnerable populations; and (iv) summarizes a series of alternative policy options that are available to governments to expand fiscal space and ensure a Recovery for All, including children and poor households.

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File URL: http://www.unicef.org/socialpolicy/files/Austerity_Measures_Threaten_Children.pdf
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Bibliographic Info

Paper provided by UNICEF,Division of Policy and Strategy in its series Working papers with number 1107.

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Length: 42 pages
Date of creation: 2011
Date of revision:
Handle: RePEc:uce:wpaper:1107

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Web: http://www.unicef.org/publications/socialpolicy

Related research

Keywords: fiscal consolidation; fiscal contraction; austerity measures; public expenditures; social spending; crisis recovery; poverty; wage bill; food and energy subsidies; pension reform; social protection;

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Cited by:
  1. Giovanni Andrea Cornia, 2012. "The New Structuralist Macroeconomics and Income Inequality," Working Papers - Economics wp2012_25.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
  2. Ilene Grabel, 2012. "Financial Architectures and Development: Resilience, Policy Space, and Human Development in the Global South (revised June 2012)," Working Papers wp281_revised, Political Economy Research Institute, University of Massachusetts at Amherst.
  3. Isabel Ortiz & Jingqing Chai & Matthew Cummins, 2011. "Identifying Fiscal Space:Options for Social and Economic Development for Children and Poor Households in 184 Countries," Working papers 1108, UNICEF,Division of Policy and Strategy.

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