Phasing Out Subsidies : Recent Experiences with Fuel in Developing Countries
Many developing countries subsidize petroleum products. The doubling of world oil prices since January 2004 has had very high fiscal costs for these countries, increasing public debt and squeezing other government spending. The subsidies have also...
| Main Authors: | , |
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| Format: | Viewpoint |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2006/08/7039589/phasing-out-subsidies-recent-experiences-fuel-developing-countries http://hdl.handle.net/10986/11178 |
| Summary: | Many developing countries subsidize
petroleum products. The doubling of world oil prices since
January 2004 has had very high fiscal costs for these
countries, increasing public debt and squeezing other
government spending. The subsidies have also had unintended
results. But phasing out subsidies is politically
challenging. This paper reviews some successful strategies
for removing or reducing subsidies while protecting the
poorest consumers. |
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