Publication:
Quasi-Fiscal Deficits in the Electricity Sector of the Middle East and North Africa: Sources and Size

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dc.contributor.authorEstache, Antonio
dc.contributor.authorCamos, Daniel
dc.contributor.authorHamid, Mohamad M.
dc.date.accessioned2017-12-21T19:57:58Z
dc.date.available2017-12-21T19:57:58Z
dc.date.issued2017-12
dc.description.abstractThe annual electricity investments needed in the Middle East and North Africa region to keep up with demand have been estimated at about 3 percent of the region's projected gross domestic product. However, in most economies of the region, the ability to make those investments is limited by fiscal and macroeconomic constraints. This paper demonstrates that the solution is readily available: by improving the management and performance of the region's utilities, more than enough resources could be freed up to make the investments needed. The paper presents the first evaluation of the size and composition of the quasi-fiscal deficit associated with the management of the electricity sector in 14 economies in the Middle East and North Africa region. The estimations are for 2013. They show that the average quasi-fiscal deficit is 4.4 percent of gross domestic product (but goes down to 2.9 percent if Lebanon, Djibouti, Bahrain, and Jordan are excluded). Only five economies have a quasi-fiscal deficit below 3 percent of gross domestic product (Algeria, Morocco, Tunisia, Qatar, and the West Bank), and hence would not be able to finance the average investment requirement through elimination of inefficiencies. For most economies, the main driver of the quasi-fiscal deficit is the underpricing of electricity, which costs on average 3.2 percent of gross domestic product (but 2.2 percent without Lebanon, Djibouti, Bahrain, and Jordan). Commercial inefficiency comes next, at an average cost of 0.6 percent of gross domestic product. Technical and labor inefficiencies represent, respectively, 0.4 and 0.2 percent of gross domestic product.en
dc.identifierhttp://documents.worldbank.org/curated/en/836011513610464365/Quasi-fiscal-deficits-in-the-electricity-sector-of-the-Middle-East-and-North-Africa-sources-and-size
dc.identifier.doi10.1596/1813-9450-8280
dc.identifier.urihttps://hdl.handle.net/10986/29072
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 8280
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectFISCAL TRENDS
dc.subjectDEFICIT SPENDING
dc.subjectELECTRICITY
dc.subjectPUBLIC UTILITIES
dc.subjectINVESTMENT
dc.subjectELECTRICITY DEMAND
dc.titleQuasi-Fiscal Deficits in the Electricity Sector of the Middle East and North Africaen
dc.title.subtitleSources and Sizeen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleQuasi-Fiscal Deficits in the Electricity Sector of the Middle East and North Africa: Sources and Size
okr.date.disclosure2017-12-18
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/836011513610464365/Quasi-fiscal-deficits-in-the-electricity-sector-of-the-Middle-East-and-North-Africa-sources-and-size
okr.guid836011513610464365
okr.identifier.doi10.1596/1813-9450-8280
okr.identifier.externaldocumentum090224b085457987_1_0
okr.identifier.internaldocumentum29280190
okr.identifier.reportWPS8280
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/836011513610464365/pdf/WPS8280.pdfen
okr.region.administrativeMiddle East and North Africa
okr.region.geographicalMiddle East
okr.region.geographicalNorth Africa
okr.statistics.combined2266
okr.statistics.dr836011513610464365
okr.statistics.drstats1895
okr.topicPublic Sector Development::Public Sector Economics
okr.topicEnergy::Electric Power
okr.topicEnergy::Energy Demand
okr.topicEnergy::Energy Policies & Economics
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicPoverty Reduction::Services & Transfers to Poor
okr.unitEnergy and Extractives Global Practice
relation.isAuthorOfPublication8a35d2c2-c4a8-58a0-999f-5e7ca2e293f5
relation.isAuthorOfPublication.latestForDiscovery8a35d2c2-c4a8-58a0-999f-5e7ca2e293f5
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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