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Fuel Price Subsidies in Gabon: Fiscal Cost and Distributional Impact

Author/Editor: El-Said, Moataz | Leigh, Daniel
Authorized for Distribution: October 1, 2006
Electronic Access: Free Full Text (PDF file size is 402KB)
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.

Summary: This paper looks at the fiscal cost and distributional impact of implicit fuel price subsidies in Gabon, where fuel prices have remained largely unchanged since 2002. Using estimated implicit import parity prices, we evaluate the total fiscal cost of the subsidies at 3.2 percent of non-oil GDP in 2005-more than total public health expenditures. We also analyze the distribution of the subsidies using household survey data and find that the bulk of the subsidies benefit higher-income households. Finally, we suggest use of a number of existing programs to provide a more targeted and cost-effective means of protecting the real incomes of lower-income households from the effects of energy price increases.
 
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Series: Working Paper No. 06/243
Subject(s): Subsidies | Gabon | Energy prices | Income distribution | Government expenditures
Author's keyword(s): Fuel-price subsidies | Gabon | income distribution
 
English  
    Published:   October 1, 2006        
    ISBN/ISSN:   1934-7073   Format:   Paper
    Stock No:   WPIEA2006243   Pages:   15
    Price:   US$18.00 (Academic Rate: US$18.00 )
       
     
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