Do Debt-Service Savings and Grants Boost Social Expenditures?

July 1, 2006

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Format: Chicago

Alun H. Thomas Do Debt-Service Savings and Grants Boost Social Expenditures?, (USA: International Monetary Fund, 2006) accessed December 26, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This 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.

Subject: Budget planning and preparation, Education spending, Expenditure, Health, Health care spending

Keywords: Coefficient, Debt ratio, Debt service, Debt-service saving, WP

Publication Details

Pages:

20
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2006/180
Stock No:

WPIEA2006180
ISBN:

9781451864403
ISSN:

1018-5941

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