Energy Subsidy Reform: Lessons and Implications

Author: Mr. Benedict J. Clements, Mr. David Coady, Ms. Stefania Fabrizio, Mr. Sanjeev Gupta, Mr. Trevor Serge Coleridge Alleyne, and Mr. Carlo A Sdralevich

Publication date: September 2013

ISBN: 9781475558111

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Topics covered in this book

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Business and Economics , Inflation , Economics- Macroeconomics , Public Finance , Taxation - General , BOOK , subsidy , government , price , subsidy reform , enterprise , transfer program , supply cost , cost-recovery price , producer subsidy , Energy subsidies , Fuel prices , Inflation , Tariffs , Energy pricing , Global , Africa , Sub-Saharan Africa , Middle East , Caribbean

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Summary

Energy subsidies are aimed at protecting consumers, however, subsidies aggravate fiscal imbalances, crowd out priority public spending, and depress private investment, including in the energy sector. This book provides the most comprehensive estimates of energy subsidies currently available for 176 countries and an analysis of “how to do” energy subsidy reform, drawing on insights from 22 country case studies undertaken by the IMF staff and analyses carried out by other institutions.