Phasing Out Subsidies : Recent Experiences with Fuel in Developing Countries

• Tác giả: Robert Bacon
• Ngôn ngữ: eng
• Ký hiệu phân loại: 337.4 International economics
• Thông tin xuất bản: World Bank, Washington, DC, 2012
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 303634
• Chủ đề: 1. ADVERSE CONSEQUENCE; 2. ADVERSE CONSEQUENCES; 3. AGRICULTURE; 4. APPROACH; 5. AUTOMOTIVE DIESEL

Tóm tắt

Many developing countries subsidize petroleum products. The doubling of world oil prices since January 2004 has had very high fiscal costs for these countries, increasing public debt and squeezing other government spending. The subsidies have also had unintended results. But phasing out subsidies is politically challenging. This paper reviews some successful strategies for removing or reducing subsidies while protecting the poorest consumers.