Effectiveness and Equity in Social Spending

Effectiveness and Equity in Social Spending - The Case of Spain

January 30, 2020

Preview Citation

Format: Chicago

Svetlana Vtyurina. Effectiveness and Equity in Social Spending - The Case of Spain, (USA: International Monetary Fund, 2020) accessed November 26, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

Spain is experiencing sustained economic and social disparities in several areas. Social spending policies have a heightened responsibility to respond but are challenged by high public debt and pressures from an aging society. This study takes stock of the level and effectiveness of public social expenditure from a cross-country and macroeconomic view, complementing recent targeted spending reviews. The results suggest that social protection spending should aim to improve redistribution through better targeting the most vulnerable while more effective education and active labor market policies should aim to create more equal opportunities and income prospects. In some areas more fiscal resources are needed. But social spending alone cannot reduce inequality, and efforts also should be directed toward making the labor market more inclusive.

Subject: Active labor market policies, Expenditure, Income, Labor, National accounts, Pension spending, Social protection spending

Keywords: Active labor market policies, Disposable income, Europe, Global, Government, Health barometer, Healthcare spending, Income, Income scheme, Market income, Means testing, Pension expenditure, Pension spending, Protection expenditure, Protection outlay, Redistribution, Social Protection Expenditure, Social protection spending, Spain, Spending, Spending Efficiency, Spending trend, State ministry, Western Europe, WP, Youth labor force

Publication Details

Pages:

27
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2020/016
Stock No:

WPIEA2020016
ISBN:

9781513526003
ISSN:

1018-5941

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