Wage Policy and Fiscal Sustainability in Benin

Business & Finance, Economics, International Economics, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book Wage Policy and Fiscal Sustainability in Benin by Charlotte Lundgren, INTERNATIONAL MONETARY FUND
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Charlotte Lundgren ISBN: 9781455232499
Publisher: INTERNATIONAL MONETARY FUND Publication: May 25, 2010
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Charlotte Lundgren
ISBN: 9781455232499
Publisher: INTERNATIONAL MONETARY FUND
Publication: May 25, 2010
Imprint: INTERNATIONAL MONETARY FUND
Language: English
This paper analyzes the impact of Benin's public wage policy on medium and long-term fiscal and debt sustainability. The main findings are that if the wage bill continues to increase in line with recent trends, debt and fiscal sustainability could be compromised by excessive deficits or by crowding out growth-enhancing public investment. The study shows that with fiscal policy guided by targets aimed at maintaining debt sustainability, population growth, and the intent to progress towards the Millennium Development Goals, there will be little space for civil service pay increases. Limiting wage bill increases to maintain fiscal sustainability is only a first step in the authorities' broader objective of reforming the civil service.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
This paper analyzes the impact of Benin's public wage policy on medium and long-term fiscal and debt sustainability. The main findings are that if the wage bill continues to increase in line with recent trends, debt and fiscal sustainability could be compromised by excessive deficits or by crowding out growth-enhancing public investment. The study shows that with fiscal policy guided by targets aimed at maintaining debt sustainability, population growth, and the intent to progress towards the Millennium Development Goals, there will be little space for civil service pay increases. Limiting wage bill increases to maintain fiscal sustainability is only a first step in the authorities' broader objective of reforming the civil service.

More books from INTERNATIONAL MONETARY FUND

Cover of the book Regional Economic Outlook, April 2016, Sub-Saharan Africa by Charlotte Lundgren
Cover of the book Africa in the Doha Round: Dealing with Preference Erosion and Beyond by Charlotte Lundgren
Cover of the book Finance & Development, September 1981 by Charlotte Lundgren
Cover of the book Finance & Development, June 1965 by Charlotte Lundgren
Cover of the book Policies for Macrofinancial Stability: Options to Deal with Real Estate Booms by Charlotte Lundgren
Cover of the book Treasury Single Account: An Essential Tool for Government Cash Management by Charlotte Lundgren
Cover of the book World Economic Outlook, October 2015 by Charlotte Lundgren
Cover of the book Race to the Next Income Frontier by Charlotte Lundgren
Cover of the book Economic Adjustment: Policies and Problems: Papers Presented at a Seminar held in Wellington, New Zealand, February 17-19, 1986 by Charlotte Lundgren
Cover of the book The Changing Role of Export Credit Agencies by Charlotte Lundgren
Cover of the book Aspectos multilaterales de la gestión de la cuenta de capital by Charlotte Lundgren
Cover of the book Finance and Development, December 2015 by Charlotte Lundgren
Cover of the book Shifting Commodity Markets in a Globalized World by Charlotte Lundgren
Cover of the book Fiscal Adjustment in IMF-Supported Programs by Charlotte Lundgren
Cover of the book Current Developments in Monetary and Financial Law, Vol. 4 by Charlotte Lundgren
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy