Wage Policy and Fiscal Sustainability in Benin

Business & Finance, Economics, International Economics, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book Wage Policy and Fiscal Sustainability in Benin by Charlotte Lundgren, INTERNATIONAL MONETARY FUND
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Author: Charlotte Lundgren ISBN: 9781455232499
Publisher: INTERNATIONAL MONETARY FUND Publication: May 25, 2010
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Charlotte Lundgren
ISBN: 9781455232499
Publisher: INTERNATIONAL MONETARY FUND
Publication: May 25, 2010
Imprint: INTERNATIONAL MONETARY FUND
Language: English
This paper analyzes the impact of Benin's public wage policy on medium and long-term fiscal and debt sustainability. The main findings are that if the wage bill continues to increase in line with recent trends, debt and fiscal sustainability could be compromised by excessive deficits or by crowding out growth-enhancing public investment. The study shows that with fiscal policy guided by targets aimed at maintaining debt sustainability, population growth, and the intent to progress towards the Millennium Development Goals, there will be little space for civil service pay increases. Limiting wage bill increases to maintain fiscal sustainability is only a first step in the authorities' broader objective of reforming the civil service.
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This paper analyzes the impact of Benin's public wage policy on medium and long-term fiscal and debt sustainability. The main findings are that if the wage bill continues to increase in line with recent trends, debt and fiscal sustainability could be compromised by excessive deficits or by crowding out growth-enhancing public investment. The study shows that with fiscal policy guided by targets aimed at maintaining debt sustainability, population growth, and the intent to progress towards the Millennium Development Goals, there will be little space for civil service pay increases. Limiting wage bill increases to maintain fiscal sustainability is only a first step in the authorities' broader objective of reforming the civil service.

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