Togo: Selected Issues

May 17, 2017

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Format: Chicago

Togo: Selected Issues, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Also available in: français

Summary

This Selected Issues paper provides an assessment of the redistributive impact of fiscal policies in Togo by estimating the impact of taxation and spending on household-level income inequality and poverty rates. Although the combination of direct taxes and subsidies is found to reduce inequality, it increases poverty rates, as the value of taxes paid by lower-income households outweighs the value of transfers they receive, increasing the share of the population living below the poverty line. These findings highlight the importance of targeting spending to lower-income households as the authorities progressively shift public spending from infrastructure to social expenditures.

Subject: Commercial banks, Education, Financial institutions, Government debt management, National accounts, Personal income, Public debt, Public financial management (PFM)

Keywords: B. social spending, Banking sector, CEQ income concepts, Commercial banks, CR, Government debt management, Income, ISCR, Personal income, Spending, Spending portfolio, Sub-Saharan Africa, Togo, Togolese banking sector, VAT, VAT bill, VAT income

Publication Details

Pages:

24
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/128
Stock No:

1TGOEA2017002
ISBN:

9781484300923
ISSN:

1934-7685

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