Reforming Fuel Subsidies
Source details
- Canonical URL
- Reforming Fuel Subsidies
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Bibliographic details
- Session: CE 24.05
- Location: Kuwait City, Kuwait
- Dates: January 28, 2024 - February 1, 2024 (1 week)
- Delivery method: In-person Training
- Primary language: English
- Interpretation language: Arabic
- Status: Deadline passed
Target audience and qualifications
- Target audience:
- Mid-level to senior officials at ministries of finance, other ministries, and government agencies involved in setting fuel prices or fuel subsidy policy.
- Qualifications:
- Participants are expected to have a degree in economics or a related field.
- Proficiency in Microsoft Excel is desirable.
- Delivery and languages:
- Delivery Method: In-person Training
- Primary Language: English
- Interpretation Language: Arabic
Course description and scope
- Presented by the Fiscal Affairs Department.
- The course explores:
- Recent developments in subsidy spending on fuel products.
- Macroeconomic impact of fuel subsidies.
- Environmental and social implications of fuel subsidies.
- Emphasis on country-specific case studies to elaborate on key elements of successful reforms.
- Coverage of measures to protect low-income groups adversely affected by lower subsidies.
- Dissemination of tools for:
- Measuring subsidies.
- Assessing the distributional impact of subsidy reforms.
- Alternative fuel pricing mechanisms that can help smooth the transmission of international fuel price changes to domestic prices while protecting the budget.
- Participants may be asked to make presentations on their own country’s experience in setting fuel prices and reforming subsidies.
Course objectives
- Upon completion, participants should be able to:
- Explain the different rationales for energy subsidies and how subsidies are measured.
- Describe the drawbacks of energy subsidies.
- Identify possible barriers to the reform of fuel subsidies.
- Design an effective reform strategy drawing on lessons from the experiences of other countries.
- Use tailored tools to measure fuel subsidies and estimate the impact of a fuel subsidy reform on household welfare, in order to:
- Inform the design of mitigating measures.
- Guide the choice of alternative fuel pricing mechanisms.
References