Publication: Phasing Out Subsidies : Recent Experiences with Fuel in Developing Countries
Date
2006-08
ISSN
Published
2006-08
Author(s)
Bacon, Robert
Kojima, Masami
Abstract
Many developing countries subsidize
petroleum products. The doubling of world oil prices since
January 2004 has had very high fiscal costs for these
countries, increasing public debt and squeezing other
government spending. The subsidies have also had unintended
results. But phasing out subsidies is politically
challenging. This paper reviews some successful strategies
for removing or reducing subsidies while protecting the
poorest consumers.
Citation
“Bacon, Robert; Kojima, Masami. 2006. Phasing Out Subsidies : Recent Experiences with Fuel in Developing Countries. Viewpoint: Public Policy for the Private Sector; Note No. 310. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/64efbd0e-92a9-5802-9c2a-ee219f401c8b License: CC BY 3.0 IGO.”
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