UID:
edocfu_9958080741802883
Umfang:
1 online resource (32 p.)
ISBN:
1-4843-5611-X
,
1-4843-8445-8
,
1-4843-1279-1
Serie:
IMF working paper ; 13/128
Inhalt:
Rising fuel subsidies have contributed to fiscal pressures in India. A key policy concern regarding subsidy reform is the adverse welfare impact on households, in particular poor households. This paper evaluates the fiscal and welfare implications of fuel subsidy reform in India. Fuel subsidies are found to be badly targeted, with the richest ten percent of households receiving seven times more in benefits than the poorest ten percent. Although subsidy reform would generate substantial fiscal savings, the associated increases in fuel and other prices would lower household real incomes of all income groups. Better targeting of fuel subsidies would fully protect lower income households while still generating substantial net fiscal savings. Lessons from subsidy reforms in other countries are identified and discussed.
Anmerkung:
Description based upon print version of record.
,
Cover; Contents; I. Introduction; II. Background; III. Magnitude and Financing of Fuel Subsidies in India; A. Structure of the Indian Petroleum Sector; Figures; Figure 1. Crude Oil and Petroleum Products: Production, Imports, and Exports; B. Under-pricing of Petroleum Products; Figure 2. Allocation of Domestic Fuel Product Distribution; Figure 3. Evolution of Fuel Product Prices and Subsidies, 2004-2012; C. Magnitude and Financing of Fuel Subsidies; IV. Price and Welfare Impacts of Fuel Subsidy Reform; A. Methodology; Figure 5. Allocation of Domestic Fuel Product Distribution
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Figure 6. Subsidy FinancingB. Welfare Impact of Subsidy Reform; C. Compensation and Net Fiscal Savings; Figure 7. Distribution of Welfare Impact of Fuel Subsidy Reform; Tables; Table 1. Under-pricing of Fuel Products, November 2012; V. Reforming Fuel Subsidies in India; A. International Experience with Fuel Subsidy Reform; Figure 8. Welfare Loss from Subsidy Reform by Income Group; Figure 9. Cumulative Fiscal Cost of Compensating Households for Subsidy Reform; B. Fuel Subsidy Reform in India; VI. Conclusions; References; Appendix; Appendix Figure 1: Key Players in India Oil Industry
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Appendix Table 1. Price Structure of Petroleum Products as of November 1, 2012Appendix Figure 2. Composition of Indirect Welfare Impact
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English
Weitere Ausg.:
ISBN 1-4843-0516-7
Weitere Ausg.:
ISBN 1-299-67825-4
Sprache:
Englisch
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