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Following a benchmarking exercise, we estimate the spending required to reach satisfactory progress in the Sustainable Development Goals in the health, education, and infrastructure sectors in Brazil. We find that there is room for savings in education (up to 1.5 percentage point of GDP) and health (up to 2.5 percentage points of GDP) without compromising the quality of services but additional investments for over 3 percent of GDP per year are needed to close large infrastructure gaps in roads, water, and electricity by 2030. Brazil can do more with less, but increasing efficiency of public spending will require substantial reforms.
Infrastructure --- Public Finance --- Demography --- Sustainable Development --- Structure, Scope, and Performance of Government --- Taxation, Subsidies, and Revenue: General --- International Fiscal Issues --- International Public Goods --- Fiscal and Monetary Policy in Development --- Education and Economic Development --- Railroads and Other Surface Transportation --- Electric Utilities --- Gas Utilities --- Pipelines --- Water Utilities --- Foreign Aid --- Health: General --- Demographic Economics: General --- Investment --- Capital --- Intangible Capital --- Capacity --- Education: General --- National Government Expenditures and Related Policies: General --- National Government Expenditures and Health --- Health economics --- Population & demography --- Macroeconomics --- Education --- Public finance & taxation --- Health --- Population and demographics --- Expenditure --- National accounts --- Health care spending --- Population --- Saving and investment --- Expenditures, Public --- Brazil
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Brazil’s public-sector wage bill is comparatively high. It grows inertially and competes with other spending. Rightsizing the wage bill could stimulate administrative efficiency and bring more equity into a system where public employees earn more than private in comparable professions. Most importantly, however, a reform is necessary to comply with the Federal government expenditure ceiling and the subnational fiscal responsibility rules. A reform should thus encompass all government levels, and all careers, and should aim to achieve a real decrease in salaries and lower employment. In the medium term, a review of the compensation structure should rationalize the multitude if wage grids, merge allowances into the base wage, and align public sector compensation to private wages in low-skilled professions.
Labor --- Public Finance --- National Government Expenditures and Related Policies: General --- State and Local Government: Other Expenditure Categories --- Wage Level and Structure --- Wage Differentials --- Compensation Packages --- Payment Methods --- Wages, Compensation, and Labor Costs: General --- Employment --- Unemployment --- Wages --- Intergenerational Income Distribution --- Aggregate Human Capital --- Aggregate Labor Productivity --- Incomes Policy --- Price Policy --- Labour --- income economics --- Public finance & taxation --- Wage adjustments --- Public sector wages --- Government wage bill --- Expenditure --- Economic theory --- Brazil
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We introduce a novel measure of cross-country road quality based on the travel mean speed between large cities from Google Maps. This measure is useful to assess road infrastructure and access gaps. Our Mean Speed (MS) score is easier to estimate and update than traditional gauges of road network quality which rely on official reports, surveys (i.e., World Economic Forum’s Quality of Roads Perception survey), or satellite imaging (i.e., World Bank’s Rural Access Index). In a sample of over 160 countries, we find that MS scores range between 38 km/h (23.6 mph) and 107 km/h (66.5 mph). We show that the MS score is a strong proxy for road quality and access.
Macroeconomics --- Economics: General --- Infrastructure --- National Government Expenditures and Related Policies: Infrastructures --- Other Public Investment and Capital Stock --- Railroads and Other Surface Transportation --- Economic Development: Urban, Rural, Regional, and Transportation Analysis --- Housing --- Industry Studies: Transportation and Utilities: General --- Investment --- Capital --- Intangible Capital --- Capacity --- Aggregate Factor Income Distribution --- Economic & financial crises & disasters --- Economics of specific sectors --- National accounts --- Income --- Currency crises --- Informal sector --- Economics --- Saving and investment --- Papua New Guinea
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Rightsizing Brazil's Public-Sector Wage Bill.
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We introduce a novel measure of cross-country road quality based on the travel mean speed between large cities from Google Maps. This measure is useful to assess road infrastructure and access gaps. Our Mean Speed (MS) score is easier to estimate and update than traditional gauges of road network quality which rely on official reports, surveys (i.e., World Economic Forum’s Quality of Roads Perception survey), or satellite imaging (i.e., World Bank’s Rural Access Index). In a sample of over 160 countries, we find that MS scores range between 38 km/h (23.6 mph) and 107 km/h (66.5 mph). We show that the MS score is a strong proxy for road quality and access.
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How should developing countries tax corporate income? This paper studies this question in Costa Rica, where firms face discontinuously higher average tax rates on profits when their revenue marginally increases. The paper combines a discontinuity and a bunching design to estimate the profit elasticity and separate it into revenue and cost elasticities. Faced with higher tax rates, firms slightly reduce revenue but considerably increase costs, generating a large elasticity of profits. In this context, the revenue maximizing rate for profit taxation is below 25 percent and broadening the tax base while lowering the rate can increase revenue for these firms by 80 percent.
Corporate Tax --- Law and Development --- Macroeconomics and Economic Growth --- Notch --- Private Sector Development --- Private Sector Economics --- Profit Elasticity --- Tax Elasticity --- Tax Evasion
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Raising living standards continues to be the main challenge facing Guatemala, as a matter of economic success and social cohesion. This paper discusses the spending, financing, and delivery capacity aspects of a viable development strategy for Guatemala couched within the United Nations Sustainable Development Goals (SDGs) agenda. Overall, Guatemala faces additional spending of about 8½ percent of GDP in 2030 to attain health, education, and roads, water, and sanitation infrastructure SDGs. While substantial, these cost estimates are commensurate with a well-defined financing strategy encompassing continuing tax administration efforts, broad-based tax reform, scaled-up private sector participation, and greater spending efficiency. Improving delivery capacities is also essential to secure access of those public goods to all Guatemalans, irrespective of their place of residence, ethnic group, or ability to pay.
Sustainable development --- Development, Sustainable --- Ecologically sustainable development --- Economic development, Sustainable --- Economic sustainability --- ESD (Ecologically sustainable development) --- Smart growth --- Sustainable economic development --- Economic development --- Environmental aspects --- Infrastructure --- Public Finance --- Demography --- Sustainable Development --- Structure, Scope, and Performance of Government --- Taxation, Subsidies, and Revenue: General --- International Fiscal Issues --- International Public Goods --- Fiscal and Monetary Policy in Development --- Education and Economic Development --- Railroads and Other Surface Transportation --- Electric Utilities --- Gas Utilities --- Pipelines --- Water Utilities --- Foreign Aid --- Education: General --- Health: General --- Investment --- Capital --- Intangible Capital --- Capacity --- Demographic Economics: General --- National Government Expenditures and Related Policies: General --- Education --- Health economics --- Macroeconomics --- Population & demography --- Public finance & taxation --- Health --- Population and demographics --- Public expenditure review --- National accounts --- Expenditure --- Saving and investment --- Population --- Expenditures, Public --- Guatemala
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Despite important past reforms, the ageing population of Mauritius threatens the sustainability of its pension system. This paper examines how pension spending might increase without reforms and discusses reforms options. The findings suggest that unifying the retirement age and indexing it to life expectancy would contribute most significantly to secure and sustainable pensions. The poverty reducing objective of the universal pension can be improved by better targeting. The old age protection objective of the National Pension Fund could be strengthened by increasing contribution and replacement rates. Implementing changes faster should result in less drastic future changes and fairer outcomes.
Finance, Personal. --- Investments. --- Pensions. --- Retirement -- Planning. --- Labor --- Public Finance --- Demography --- Fiscal Policy --- Social Security and Public Pensions --- Demographic Trends, Macroeconomic Effects, and Forecasts --- Nonwage Labor Costs and Benefits --- Private Pensions --- Economics of the Elderly --- Economics of the Handicapped --- Non-labor Market Discrimination --- Retirement --- Retirement Policies --- Employment --- Unemployment --- Wages --- Intergenerational Income Distribution --- Aggregate Human Capital --- Aggregate Labor Productivity --- Pensions --- Population & demography --- Labour --- income economics --- Civil service & public sector --- Aging --- Pension spending --- Civil service --- Expenditure --- Population and demographics --- Population aging --- Mauritius
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Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues. This Web-only series replaced Staff Position Notes in January 2011.
Budgeting --- Macroeconomics --- Public Finance --- Social Security and Public Pensions --- National Budget --- Budget Systems --- Fiscal Policy --- Pensions --- Budgeting & financial management --- Pension spending --- Budget planning and preparation --- Pension reform --- Fiscal stance --- Fiscal sustainability --- Expenditure --- Public financial management (PFM) --- Fiscal policy --- Budget --- Slovak Republic
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Pension reform is a key policy challenge in Russia. This paper examines how pension spending could increase in Russia in the absence of reforms, quantifies the impact of some recent proposals, and suggests some alternatives that would ensure public pension benefits - relative to wages - not fall from current levels while containing spending.
Business & Economics --- Labor & Workers' Economics --- Pension trusts --- Pensions --- Government policy --- Compensation --- Pension plans --- Retirement pensions --- Superannuation --- Employee pension trusts --- Pension funds --- Retirement income --- Annuities --- Social security individual investment accounts --- Vested benefits --- Trusts and trustees --- E-books --- Labor --- Public Finance --- Demography --- Fiscal Policy --- Social Security and Public Pensions --- Demographic Trends, Macroeconomic Effects, and Forecasts --- Nonwage Labor Costs and Benefits --- Private Pensions --- Economics of the Elderly --- Economics of the Handicapped --- Non-labor Market Discrimination --- Retirement --- Retirement Policies --- Health: General --- Population & demography --- Labour --- income economics --- Health economics --- Pension spending --- Aging --- Pension reform --- Expenditure --- Population and demographics --- Health --- Population aging --- Russian Federation
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