El Salvador

El Salvador
Author: Paul Oswald Woolley
Publisher:
Total Pages: 72
Release: 1972
Genre: Medical care
ISBN:

U.S. Foreign Aid

U.S. Foreign Aid
Author: United States. Agency for International Development
Publisher:
Total Pages: 420
Release: 1977
Genre: Economic assistance, American
ISBN:

Social Expenditure in Central America, Panama and the Dominican Republic at a Glance

Social Expenditure in Central America, Panama and the Dominican Republic at a Glance
Author: Marco Solera
Publisher: Inter-American Development Bank
Total Pages: 188
Release: 2016-03-01
Genre: Business & Economics
ISBN: 1597822515

Social spending is a powerful tool to reduce poverty, achieve higher equality and better life conditions for the inhabitants of a country. In "Social Expenditure in Central America, Panama and the Dominican Republic: 2007-2013", a characterization of the different variables that have taken social expenditure to its current position is performed. During the economic crisis period, many governments of the region confront this situation with an increase in social expenditures. However, part of the increase was centered on inflexible items, particularly wages, which facilitated the increase in fiscal deficits and, consequently, on public debt. Thus, after the financial crisis, the fiscal situation has reduced governments' buffers to respond to economic shocks, which imply that we need to examine the fiscal policy given its rigidity, the scarcity of public resources and the institutional contract. The study of wage bill increases provides more information related to the causes of this dynamic, and allow us to offer recommendations to improve spending management without threatening public finances. A better use of resources could contribute to define a more efficient and equitable agenda for the countries in the region. Finally, something that was not deeply explored, as of today, is the institutional complexity and how this could facilitate, or hinder, the government's ability to express its fiscal policy, including the effectiveness in the use of public resources.