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Creating Fiscal Space for Poverty Reduction in Ecuador: A Fiscal Management and Public Expenditure Review (World Bank Country Study) by World Bank Staff, Inter-American Development Bank Staff is a nonfiction available to read on EtoBox.
What is Creating Fiscal Space for Poverty Reduction in Ecuador: A Fiscal Management and Public Expenditure Review (World Bank Country Study) about?
<p>Ecuador's impressive fiscal performance of 2003 is encouraging, but fragile. Several structural bottlenecks could impede fiscal discipline and recovery, which is a pre-condition to develop a poverty reduction agenda. Tax earmarkings and exemptions and an expansive payroll and pensions bill have reduced to a minimum the available fiscal space for development needs. Reversing poverty trends is critical for the country's stability, and this can only be achieved with well-targeted, effective and efficient pro-poor programs. The status quo is not an option for poverty reduction.</p> <p>Preserving a sound fiscal position and deepening positive social outcomes is well within reach. Among the country's many strengths are: a prolonged oil windfall; the existence of and compliance with fiscal rules; decreasing arrears that should fully disappear in 2004, substantive progress on social outcomes despite decreasing budgets; and a series of on-going reforms on budget management.</p> <p>If reforms are to succeed, they have to be pro-poor. Ecuador's fiscal stress and poor budget management is deeply rooted in a governance system benefiting the elites, be it reflected on pro-rich subsidies, espe
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- Author
- World Bank Staff, Inter-American Development Bank Staff
- Publisher
- The World Bank
- Published
- 2005
- Language
- EN
- ISBN
- 9786610149506
- Category
- nonfiction
- Subjects
- Finance, Education, Economics
Other editions & translations
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