Budgets That Are More Pro-Poor and Pro-Growth
The paper addresses one of the key features and expectations of thePRGF: are budgets more pro-poor and pro-growth? Relying on abundant data gatheredfrom numerous countries, the authors show that indeed the composition of bothbudgeted and actual public spending is shifting towards poverty-reducing activities incountries with a PRGF program. In particular, the paper shows that countries areallocating more to education and health care in their budget and that actual outlays inthese sectors have also increased. The paper also makes the case for increased flexibilityin accommodating higher spending when unexpected foreign aid becomes available.
Volume (Year): XLII (2003)
Issue (Month): 2 ()
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