Prioritizing Expenditures for a Recovery for All: A Rapid Review of Public Expenditures in 126 Developing Countries
In the aftermath of the crisis, UNICEF undertook an examination of the extent to which fiscal consolidation is occuring in 2010-11 among 126 low and middle-income countries, and the potential risks for children and poor households at a time when economic recovery is fragile and uneven. The working paper posted below, identifies common adjustment measures considered by policy makers, such as wage bill cuts/caps, reducing subsidies and targeting social protection, and highlights their potentially social impacts. Financing options for equitable social spending are explored. The paper concludes by questioning if the projected fiscal adjustment trajectory in a number of countries -- in terms of timing, scope and pace -- is conducive to adequately protecting vulnerable households and achieving development goals such as the MDGs.
Apart from the working paper, supporting resources, such as the dataset prepared for the research and presentation have also been included below.