Social Spending In Mexico Needs Priorities And Reforms
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Author | : Mrs. Swarnali A Hannan |
Publisher | : International Monetary Fund |
Total Pages | : 38 |
Release | : 2021-10-18 |
Genre | : Business & Economics |
ISBN | : 1513599615 |
Poverty in Mexico was high before the COVID-19 pandemic and has been exacerbated by the pandemic, with significant variation across states. Education losses from the pandemic are likely to be large and worsen pre-existing disparities; unless mitigated soon, they could contribute to heightened scarring over the medium term. Using state-level and cross-country comparisons, this paper reviews key social programs as well as priorities in education and health. It finds that higher spending and improved design of social programs (e.g., better targeting) would reduce socioeconomic gaps, mitigate scarring risks, and foster inclusive growth.
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 138 |
Release | : 2018-05-11 |
Genre | : |
ISBN | : 9264292063 |
Mexico has been a reform champion, having launched ambitious reforms in a broad range of areas. While the reforms are showing first positive effects they are not delivering to the extent they could...
Author | : Thomas Dalsgaard |
Publisher | : |
Total Pages | : 86 |
Release | : 2000 |
Genre | : Fiscal policy |
ISBN | : |
Author | : Alejandro Izquierdo |
Publisher | : |
Total Pages | : |
Release | : 2018-08-31 |
Genre | : |
ISBN | : 9781597823302 |
Author | : Boele Bonthuis |
Publisher | : International Monetary Fund |
Total Pages | : 55 |
Release | : 2024-03-08 |
Genre | : Business & Economics |
ISBN | : |
In recent years the Mexican pension system has changed significantly. In 2019 the existing means-tested social pension was made universal – covering everyone over the age of 65 – and the benefit level increased. In 2020, the main regime of the private sector was substantially reformed, increasing contribution rates for the funded defined contribution system, lowering the minimum years of contributions needed to receive an earnings-related pension, and increasing minimum pensions. This paper tries to assess the likely outcomes of those reforms, discusses design inefficiencies of the reforms and offers policy options to improve pension system design.
Author | : Ms. Alpa Shah |
Publisher | : International Monetary Fund |
Total Pages | : 36 |
Release | : 2021-10-18 |
Genre | : Business & Economics |
ISBN | : 1513599666 |
Mexico has large extractive industries and it traditionally has raised sizable fiscal revenues from the oil and gas sector. A confluence of factors—elevated commodity prices, financial challenges of the state-owned oil company Pemex, and revenue needs for financing social and public investment spending over the medium term—suggest that a review of Mexico’s taxation regimes for natural resources would be opportune, against the backdrop of a comprehensive approach to tackling Mexico’s challenges. This paper identifies opportunities for redesigning mining taxation to increase somewhat the revenue intake while maintaining the favorable investment profile of the sector. It also discusses recent reforms to the oil and gas fiscal regime and future reform considerations, with attention to the attractiveness of investment on commercial terms—an issue that should be placed in the context of an overall reform of Pemex’s business strategy and possibly of the energy sector more generally.
Author | : Michael Cichon |
Publisher | : International Labour Organization |
Total Pages | : 702 |
Release | : 2004 |
Genre | : Political Science |
ISBN | : 9789221151227 |
This publication considers the range of financing options available for the design of cost-effective and equitable social welfare systems, giving a thorough analysis of their advantages and disadvantages and their financial and economic implications. Written by practitioners for practitioners, the book discusses the design and maintenance of national social protection systems that seek to ensure effective and efficient use of available resources at the community, national and international levels while supporting long-term economic development. The book explores theoretical and practical policy questions, as well as looking at the policy process that determines the affordable levels of and scope of social protection in a given country.
Author | : Nichole Sanders |
Publisher | : Penn State Press |
Total Pages | : 184 |
Release | : 2011 |
Genre | : Social Science |
ISBN | : 0271048875 |
"Examines the political and social influences behind the creation of the postrevolutionary Mexican welfare state in the 1930s, 1940s, and 1950s"--Provided by publisher.
Author | : Santiago Levy Algazi |
Publisher | : Inter-American Development Bank |
Total Pages | : 323 |
Release | : 2018-07-11 |
Genre | : Business & Economics |
ISBN | : 1597823058 |
Why has an economy that has done so many things right failed to grow fast? Under-Rewarded Efforts traces Mexico’s disappointing growth to flawed microeconomic policies that have suppressed productivity growth and nullified the expected benefits of the country’s reform efforts. Fast growth will not occur doing more of the same or focusing on issues that may be key bottlenecks to productivity growth elsewhere, but not in Mexico. It will only result from inclusive institutions that effectively protect workers against risks, redistribute towards those in need, and simultaneously align entrepreneurs’ and workers’ incentives to raise productivity.
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 257 |
Release | : 2015-04-20 |
Genre | : Business & Economics |
ISBN | : 1498344658 |
This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth and distills practical lessons for policymakers. The particular mix of policy measures, however, will depend on country-specific conditions, capacities, and preferences. The paper draws on the Fund’s extensive technical assistance on fiscal reforms as well as several analytical studies, including a novel approach for country studies, a statistical analysis of growth accelerations following fiscal reforms, and simulations of an endogenous growth model.