Unproductive Public Expenditures: A Pragmatic Approach to Policy Analysis

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Economics- Macroeconomics , Public Finance , PAM , International monetary fund pamphlet series , IMF stand-by arrangement , Policy dialogue , pamphlet , microfilm copy , public expenditure , fund Conditionality , Public sector , Defense spending , Public investment spending , Expenditure composition , Global , Middle East

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Summary

Public expenditure policy, together with efforts to raise revenue,is at the core of efficient and equitable adjustment. Public expenditureproductivity has critical implications for fiscal adjustment, particularly as the competition for limited public resources intensifies.By providing a framework for defining and analyzing public expenditureproductivity and unproductive expenditures, this pamphlet discusseshow economic policymakers may approach these issues.