Jamaica : Poverty and Social Impacts of Fiscal Reforms

This Poverty and Social Impact Analysis (PSIA) explores the distributional effects of a package of fiscal reforms initiated by the Government of Jamaica and supported by the World Bank under the programmatic fiscal sustainability Development Policy...

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Bibliographic Details
Main Author:	World Bank
Format:	Other Poverty Study
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCESS TO TRAINING ACCOUNTING ADVERSE EFFECTS AGRICULTURAL SECTOR AIR AIR TRANSPORT ALCOHOLIC BEVERAGES BALANCE OF PAYMENTS BANKING SYSTEM BENEFICIARIES BENEFICIARY CAPITAL ACCOUNT CAPITAL ACCUMULATION CAPITAL FLIGHT CAPITAL STOCK CASH TRANSFER CASH TRANSFERS CENTRAL BANK CONSUMER PRICE INDEX CONSUMPTION TAX CONSUMPTION TAXES COPYRIGHT CLEARANCE COPYRIGHT CLEARANCE CENTER CORPORATE INCOME TAX COUPON COUPON PAYMENTS CREDIT ACCESS CURRENCY CURRENT ACCOUNT CURRENT ACCOUNT BALANCE DEBT DEBT ACCUMULATION DEBT BURDEN DEBT EXCHANGE DEBT MANAGEMENT DEBT OVERHANG DEBT RATIOS DEBT SERVICING DEBT SERVICING COSTS DEBT STOCKS DEVELOPMENT BANK DIESEL DISTRIBUTION OF INCOME DIVESTMENT DIVESTMENTS DIVIDEND DIVIDENDS DOMESTIC BOND DOMESTIC BOND MARKET DOMESTIC DEBT EARNINGS ECONOMIC CRISIS ECONOMIC GROWTH EDUCATION LEVELS ELASTICITIES EMPLOYER EMPLOYMENT STATUS EXCISE TAX EXCISE TAX ON GASOLINE EXPENDITURE EXPENDITURES EXTERNAL SHOCKS EXTREME POVERTY FACTORS OF PRODUCTION FARMERS FINANCIAL CRISES FINANCIAL MANAGEMENT FISCAL CONSOLIDATION FISCAL DISCIPLINE FISCAL REFORMS FOREIGN DEBT FOREIGN FINANCING FOREIGN INVESTMENT FUEL FUEL COSTS FUEL PRICE FUEL PRICE INCREASES FUEL PRICES FUEL TAX FUEL TAX CHANGES FUEL TAX INCREASE FUEL TAX REFORM FUEL TAXES FUNGIBLE GASOLINE CONSUMPTION GENDER GOVERNMENT BONDS GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT HOLDINGS HOUSEHOLD INCOME HOUSEHOLD WELFARE HOUSEHOLDS HUMAN CAPITAL INCOME FROM BONDS INCOME TAX INCOME TAX DEDUCTIONS INCOME TAXES INCOMES INDIRECT TAXATION INEQUALITY INFLATION INSTRUMENT INSURANCE INTEREST INCOME INTEREST PAYMENTS INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL LABOUR ORGANIZATION INTERNATIONAL MARKETS INVESTMENT BANK JOB SECURITY LABOR FORCE PARTICIPATION LABOR FORCE SURVEY LABOR FORCE SURVEYS LABOR MARKET LABOR MARKETS LABOUR FORCE LABOUR MARKET LACK OF INFORMATION LIMITED ACCESS LOAN MONETARY FUND NATIONAL INVESTMENT NEGATIVE SHOCK NEGATIVE SHOCKS NEIGHBORHOODS OUTPUT OUTPUT RATIO PERSONAL INCOME PERSONAL INCOME TAX PETROLEUM PRODUCTS POLITICAL ECONOMY PRICE CHANGE PRICE CHANGES PRICE OF FUEL PRIVATE INVESTMENT PRIVATIZATION PROPERTY TAX PUBLIC BORROWING PUBLIC DEBT PUBLIC FINANCE PUBLIC POLICY PUBLIC SPENDING PUBLIC UTILITIES RATE OF GROWTH RATE OF RETURN REAL EXCHANGE RATE RECEIPTS RECURRENT EXPENDITURE REGIME CHANGE REMITTANCES RETURN RETURNS ROAD SAFETY SAFETY NET SAFETY NETS SAVINGS SKILLED WORKERS SMALL FARMERS SOURCE OF INCOME SOURCES OF INCOME STAMP DUTY TAX TAX BASE TAX BRACKETS TAX BURDEN TAX CODE TAX COLLECTION TAX DEDUCTIONS TAX EXEMPTIONS TAX INCENTIVES TAX INCIDENCE TAX POLICY TAX PREFERENCES TAX RATE TAX RATES TAX REFORMS TAX REGIME TAX REVENUES TAX STRUCTURE TAX SYSTEM TECHNICAL ASSISTANCE TELEPHONE SERVICES TRADE UNIONS TRANSFER TAX TRANSIT TRANSPORT TRANSPORTATION TRANSPORTATION COSTS TRUE UNEMPLOYMENT UNION USER FEES VALUE ADDED TAXES VEHICLES VULNERABLE GROUPS VULNERABLE HOUSEHOLDS WITHHOLDING TAX
Online Access:	http://documents.worldbank.org/curated/en/2012/01/16438699/jamaica-poverty-social-impacts-fiscal-reforms http://hdl.handle.net/10986/12755

Description
Summary:	This Poverty and Social Impact Analysis (PSIA) explores the distributional effects of a package of fiscal reforms initiated by the Government of Jamaica and supported by the World Bank under the programmatic fiscal sustainability Development Policy Loan (DPL) series. The DPL series supports improved budget and debt management in order to reduce the debt overhang and create additional fiscal space for productive public spending, including social expenditures. The PSIA discusses the poverty and distributional impacts of the prior actions supported under the DPL, with a particular focus on two reform actions likely to have the most significant impacts: (1) tax reform and (2) public sector reform, focusing on rationalization of public bodies. The report offers both quantitative and qualitative assessments of the potential poverty and distributional effects of these policy changes. The report is structured as follows: section two analyzes the expected impact of changes in tax policy; section three investigates the potential impacts of public bodies' rationalization, and section four offers some caveats and concluding remarks. Each section begins with a discussion of the reform background as well as the major supporters and opponents of the reform. The analysis in each section is presented with the least possible amount of technical details in order to maximize the appeal to a broader audience. For the interested reader, the methodological details of the empirical approaches employed in this report are contained in the annexes.

Jamaica : Poverty and Social Impacts of Fiscal Reforms

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