Rightsizing Brazil S Public Sector Wage Bill

Author : Ms.Izabela Karpowicz,Mauricio Soto
Publisher : International Monetary Fund
Page : 24 pages
File Size : 53,5 Mb
Release : 2018-10-08
Category : Business & Economics
ISBN : 9781484380444

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Rightsizing Brazil’s Public-Sector Wage Bill by Ms.Izabela Karpowicz,Mauricio Soto Pdf

Brazil’s public-sector wage bill is comparatively high. It grows inertially and competes with other spending. Rightsizing the wage bill could stimulate administrative efficiency and bring more equity into a system where public employees earn more than private in comparable professions. Most importantly, however, a reform is necessary to comply with the Federal government expenditure ceiling and the subnational fiscal responsibility rules. A reform should thus encompass all government levels, and all careers, and should aim to achieve a real decrease in salaries and lower employment. In the medium term, a review of the compensation structure should rationalize the multitude if wage grids, merge allowances into the base wage, and align public sector compensation to private wages in low-skilled professions.

Author : Ms.Izabela Karpowicz,Mauricio Soto
Publisher : International Monetary Fund
Page : 24 pages
File Size : 53,5 Mb
Release : 2018-10-08
Category : Business & Economics
ISBN : 9781484374924

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Rightsizing Brazil’s Public-Sector Wage Bill by Ms.Izabela Karpowicz,Mauricio Soto Pdf

Brazil’s public-sector wage bill is comparatively high. It grows inertially and competes with other spending. Rightsizing the wage bill could stimulate administrative efficiency and bring more equity into a system where public employees earn more than private in comparable professions. Most importantly, however, a reform is necessary to comply with the Federal government expenditure ceiling and the subnational fiscal responsibility rules. A reform should thus encompass all government levels, and all careers, and should aim to achieve a real decrease in salaries and lower employment. In the medium term, a review of the compensation structure should rationalize the multitude if wage grids, merge allowances into the base wage, and align public sector compensation to private wages in low-skilled professions.

Author : Mr.Antonio Spilimbergo,Mr.Krishna Srinivasan
Publisher : International Monetary Fund
Page : 382 pages
File Size : 55,9 Mb
Release : 2019-03-14
Category : Business & Economics
ISBN : 9781484339749

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Brazil by Mr.Antonio Spilimbergo,Mr.Krishna Srinivasan Pdf

Brazil is at crossroads, emerging slowly from a historic recession that was preceded by a huge economic boom. Reasons for the historic bust following a boom are manifold. Policy mistakes were an important contributory factor, and included the pursuit of countercyclical policies, introduced to deal with the effects of the global financial crisis, beyond the point where they were helpful. More fundamentally, it reflects longstanding structural weaknesses plaguing the economy, that also help explain Brazil’s uninspiring growth performance over the past four decades.

Author : International Monetary Fund. Western Hemisphere Dept.
Publisher : International Monetary Fund
Page : 73 pages
File Size : 47,5 Mb
Release : 2018-08-03
Category : Business & Economics
ISBN : 9781484372456

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Brazil by International Monetary Fund. Western Hemisphere Dept. Pdf

This 2018 Article IV Consultation highlights that a mild recovery supported by accommodative monetary and fiscal policies is currently under way in Brazil. But the economy is underperforming relative to its potential, public debt is high and increasing, and, more importantly, medium-term growth prospects remain uninspiring, absent further reforms. Against the backdrop of tightening global financial conditions, placing Brazil on a path of strong, balanced and durable growth requires a committed pursuit of fiscal consolidation, ambitious structural reforms, and a strengthening of the financial sector architecture. Following the severe recession in 2015-16, real GDP grew by 1 percent in 2017. Growth is projected to be 1.8 and 2.5 percent in 2018 and 2019, respectively, driven by a recovery in domestic consumption and investment.

Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
Page : 56 pages
File Size : 52,5 Mb
Release : 2019-09-19
Category : Business & Economics
ISBN : 9781513514727

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Brazil by International Monetary Fund. Fiscal Affairs Dept. Pdf

This Technical Assistance report on Brazil highlights strengthening the framework for substantial borrowing. A significant change in the institutional framework is needed to impose hard budget constraints and promote stable and sustainable policies. The approach proposed in this report is based on demanding greater transparency and accountability by subnational governments, while also making the framework more flexible. If adopted, the framework is expected to introduce risk sharing among states, within an enhanced insolvency framework, and tighten fiscal rules. The proposed changes would also put more emphasis in market incentives. The changes in the framework will also need to be accompanied by progress in addressing fiscal pressures from rising budget rigidities (including pensions) and excessive tax incentives (the so-called tax wars). It is recommended to create an independent fiscal council that monitors fiscal performance and compliance of fiscal rules by subnational governments. One possibility is to add this mandate to the Independent Fiscal Institution, while strengthening its independence and provide enough resources.

Author : OECD
Publisher : OECD Publishing
Page : 132 pages
File Size : 49,7 Mb
Release : 2016-10-24
Category : Electronic
ISBN : 9789264265066

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OECD Economic Surveys: Indonesia 2016 by OECD Pdf

This 2016 OECD Economic Survey of Indonesia examines recent economic developments, policies and prospects. The special chapters cover: Regional Development and Public Spending.

Author : Anonim
Publisher : Unknown
Page : 484 pages
File Size : 53,5 Mb
Release : 1996
Category : Brazil
ISBN : UCSD:31822017453325

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Brazil Watch by Anonim Pdf

Author : Carlos Góes,Ms.Izabela Karpowicz
Publisher : International Monetary Fund
Page : 34 pages
File Size : 45,5 Mb
Release : 2017-10-31
Category : Business & Economics
ISBN : 9781484324776

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Inequality in Brazil: A Regional Perspective by Carlos Góes,Ms.Izabela Karpowicz Pdf

In this study, we document the decline in income inequality and a convergence in consumption patterns in Brazilian states in a new database constructed from micro data from the national households’ survey. We adjust the state-Gini coefficients for spatial price differences using information on households’ rental prices available in the survey. In a panel regression framework, we find that labor income growth, formalization, and schooling contributed to the decline in inequality during 2004-14, but redistributive policies, such as Bolsa Família, have also played a positive role. Going forward, it will be important to phase out untargeted subsidies, such as public spending on tertiary education, and contain growth of public sector wages, to improve budgetary efficiency and protect gains in equality.

Author : Mr.A. E. Wayne Mitchell,Ronald James,Ann Marie Wickham
Publisher : International Monetary Fund
Page : 33 pages
File Size : 50,5 Mb
Release : 2019-05-17
Category : Business & Economics
ISBN : 9781498316071

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Government Wage Bill Management and Civil Service Reform in the Eastern Caribbean Currency Union by Mr.A. E. Wayne Mitchell,Ronald James,Ann Marie Wickham Pdf

In this study, we assess the size of the government wage bill and employment in the member countries of the Eastern Caribbean Currency Union and their implications for fiscal sustainability and the adequacy of public service delivery. Over the period 2005 to 2015 their wage bill (as a percentage of GDP, government revenues and expenditures) is higher than in other small states notwithstanding recent efforts by governments to make it more manageable. The composition and distribution of employment is sub-optimal and is reflected in skills mismatches contributing to inefficiencies in public service delivery. Using a dynamic fixed-effects panel, we find that wage bill growth reflects the expansion of government activities to speed up economic and social development and that wage bill spending is procyclical in good times but is rigid during downturns. Finally, we identify the main institutional and legal reforms needed to improve wage bill management and public service efficiency.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 48 pages
File Size : 45,5 Mb
Release : 1988-08-08
Category : Business & Economics
ISBN : 9781451958461

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Government Pay Policies and Structural Adjustment by International Monetary Fund Pdf

The paper provides an overview of the main elements of pay systems that are typically used to remunerate government employees and, with reference to the experience of developed and developing countries, discusses structural issues frequently arising in the formulation of government pay policies: (1) the role of fringe benefits in the compensation system; (2) the pros and cons of a greater merit orientation in the pay system and of special pay schemes designed to remunerate staff at the professional and managerial level; and (3) factors determining internal pay differentials with special emphasis on the compressing effect of flat amount cost of living adjustments.

Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
Page : 99 pages
File Size : 44,6 Mb
Release : 2016-08-04
Category : Business & Economics
ISBN : 9781498345774

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Managing Government Compensation and Employment - Institutions, Policies, and Reform Challenges by International Monetary Fund. Fiscal Affairs Dept. Pdf

Government compensation and employment policies are important for the efficient delivery of public services which are crucial for the functioning of economies and the general prosperity of societies. On average, spending on the wage bill absorbs around one-fifth of total spending. Cross-country variation in wage spending reflects, in part, national choices about the government’s role in priority sectors, as well as variations in the level of economic development and resource constraints.

Author : OECD
Publisher : OECD Publishing
Page : 148 pages
File Size : 46,5 Mb
Release : 2012-11-15
Category : Electronic
ISBN : 9789264177758

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Public Sector Compensation in Times of Austerity by OECD Pdf

This report argues that any new approaches to public sector pay must help to: enhance external competitiveness of salaries; promote internal equity throughout the public sector; reflect the values of public organisations; and align compensation with government’s core strategic objectives.

Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 78 pages
File Size : 40,7 Mb
Release : 2020-03-27
Category : Business & Economics
ISBN : 9781513537375

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Botswana by International Monetary Fund. African Dept. Pdf

This 2019 Article IV Consultation focuses on Botswana near- and medium-term challenges and policy priorities and was prepared before COVID-19 became a global pandemic and resulted in unprecedented strains in global trade, commodity, and financial markets. Gross domestic product growth is forecasted to pick up to 4.4 percent in 2020 and 5.6 percent in 2021 as the diamond industry recovers somewhat, and a new copper mine comes on stream. Growth will ease back to around 4 percent over the medium term. Risks to the outlook include faster-than-anticipated slowdown in key trading partners, shifts in consumer preferences to synthetic diamonds, and climate shocks. The size and pace of the planned adjustment are consistent with Botswana’s fiscal space, but the composition of the adjustment should protect efficient capital and social spending. Furthermore, given that buffers are being eroded, it is critical that consolidation starts as envisaged in FY2020, as it would help start addressing external imbalances and contribute to a gradual rebuilding of buffers over the medium term. In order to strengthen the monetary transmission mechanism and deepen the domestic financial market, there is a need to develop the secondary market for government securities, leverage Fintech, facilitate the attachment of collateral, and improve credit information.

Author : Nadeem Ul Haque,Muslehuddin
Publisher : Unknown
Page : 144 pages
File Size : 50,5 Mb
Release : 2006
Category : Civil service reform
ISBN : UOM:39015073612114

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Public Sector Efficiency by Nadeem Ul Haque,Muslehuddin Pdf

Author : Anonim
Publisher : Unknown
Page : 300 pages
File Size : 48,9 Mb
Release : 1999
Category : Zimbabwe
ISBN : STANFORD:36105073485463

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Zimbabwe Press Mirror by Anonim Pdf