IMF Working Papers

Doing More with Less: How Can Brazil Foster Development While Pursuing Fiscal Consolidation?

By Valentina Flamini, Mauricio Soto

November 1, 2019

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Valentina Flamini, and Mauricio Soto. Doing More with Less: How Can Brazil Foster Development While Pursuing Fiscal Consolidation?, (USA: International Monetary Fund, 2019) accessed October 10, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

Following a benchmarking exercise, we estimate the spending required to reach satisfactory progress in the Sustainable Development Goals in the health, education, and infrastructure sectors in Brazil. We find that there is room for savings in education (up to 1.5 percentage point of GDP) and health (up to 2.5 percentage points of GDP) without compromising the quality of services but additional investments for over 3 percent of GDP per year are needed to close large infrastructure gaps in roads, water, and electricity by 2030. Brazil can do more with less, but increasing efficiency of public spending will require substantial reforms.

Subject: Education, Expenditure, Health, Health care spending, Infrastructure, National accounts, Population and demographics

Keywords: Brazil, Brazil's GDP, Cost, Cost estimate, Development, Fiscal policy, GDP Capita, GDP loss, Generation capacity, Health care spending, Health expenditure distribution, Infrastructure, Infrastructure gap, Infrastructure quality, Infrastructure SDG cost, Pf GDP, Public spending, SDGs, South America, Spending, Spending ceiling, Spending floor, WP

Publication Details

  • Pages:

    23

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2019/236

  • Stock No:

    WPIEA2019236

  • ISBN:

    9781513509358

  • ISSN:

    1018-5941