Fuel Price Subsidies in Gabon : Fiscal Cost and Distributional Impact /

Saved in:
Bibliographic Details
Author / Creator:Leigh, Daniel.
Imprint:Washington, D.C. : International Monetary Fund, 2006.
Description:1 online resource (15 pages)
Language:English
Series:IMF Working Papers, 2227-8885 ; Working Paper No. 06/243
IMF Working Papers ; Working Paper no. 06/243.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/14153784
Hidden Bibliographic Details
Other authors / contributors:Leigh, Daniel.
El-Said, Moataz.
International Monetary Fund.
ISBN:145190956X
9781451909562
9781451909562
Notes:Available in PDF, ePUB, and Mobi formats on the Internet.
Summary:This paper looks at the fiscal cost and distributional impact of implicit fuel price subsidies in Gabon, where fuel prices have remained largely unchanged since 2002. Using estimated implicit import parity prices, we evaluate the total fiscal cost of the subsidies at 3.2 percent of non-oil GDP in 2005-more than total public health expenditures. We also analyze the distribution of the subsidies using household survey data and find that the bulk of the subsidies benefit higher-income households. Finally, we suggest use of a number of existing programs to provide a more targeted and cost-effective means of protecting the real incomes of lower-income households from the effects of energy price increases.
Standard no.:10.5089/9781451909562.001