{
  "title": "Do Debt-Service Savings and Grants Boost Social Expenditures?",
  "publication": "IMF Working Papers, July 1, 2006",
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  "summary": "This paper evaluates whether debt relief and grants can boost social expenditures in lowincome countries. It finds that declines in debt-service help raise social expenditures, but no relationship between grants and social expenditures.",
  "sections": [
    {
      "heading": "Main Findings",
      "content": "- Declines in debt-service help raise social expenditures.\n- No relationship found between grants and social expenditures.\n- Since the mid-1980s, low-income countries have managed to fully insulate social expenditures from the effects of budgetary tightening.\n- The magnitude of the impact of debt-service declines and grants on social expenditures is dwarfed by the resources needed to enable these countries to reach the Millennium Development Goals."
    },
    {
      "heading": "Scope and Subject Areas",
      "content": "- Evaluates whether debt relief and grants can boost social expenditures in low-income countries.\n- Subject: Budget planning and preparation, Education spending, Expenditure, Health, Health care spending.\n- Keywords: coefficient, debt ratio, debt service, debt-service saving, WP."
    },
    {
      "heading": "Policy-Relevant Implications",
      "content": "- Debt-service savings can be associated with increased allocations to social sectors.\n- Grants alone do not appear to translate into higher social spending.\n- Fiscal tightening since the mid-1980s has not reduced social expenditure outcomes in low-income countries, suggesting protective budgeting or prioritization of social spending.\n- Meeting Millennium Development Goals requires resources far larger than the fiscal effects observed from debt-service savings and grants.\n\n---\n\n Content in this bundle\n\n- wp06180\n  - wp06180 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp06180 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/do-debt-service-savings-and-grants-boost-social-expenditures-19272"
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    "Authors: Alun H. Thomas",
    "Published: July 1, 2006",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451864403.001",
    "Declines in debt-service help raise social expenditures.",
    "No relationship found between grants and social expenditures.",
    "Since the mid-1980s, low-income countries have managed to fully insulate social expenditures from the effects of budgetary tightening.",
    "The magnitude of the impact of debt-service declines and grants on social expenditures is dwarfed by the resources needed to enable these countries to reach the Millennium Development Goals.",
    "Evaluates whether debt relief and grants can boost social expenditures in low-income countries.",
    "Subject: Budget planning and preparation, Education spending, Expenditure, Health, Health care spending.",
    "Keywords: coefficient, debt ratio, debt service, debt-service saving, WP.",
    "Debt-service savings can be associated with increased allocations to social sectors.",
    "Grants alone do not appear to translate into higher social spending.",
    "Fiscal tightening since the mid-1980s has not reduced social expenditure outcomes in low-income countries, suggesting protective budgeting or prioritization of social spending.",
    "Meeting Millennium Development Goals requires resources far larger than the fiscal effects observed from debt-service savings and grants.",
    "**_wp06180**"
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