Public Expenditure Following Disasters

This paper focuses on the impact of disasters on public expenditures, and how this impact might be valued. The impact may involve changes in the composition of spending, concurrently and over time. It may also involve changes in the level of spendi...

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Bibliographic Details
Main Authors:	Bevan, David, Cook, Samantha
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	DEFICIT MONETARY POLICY BUDGET CYCLE PUBLIC ECONOMICS FINANCIAL MANAGEMENT STOCK VALUATION INTEREST MACROECONOMIC MANAGEMENT RATE OF RETURN PUBLIC SECTOR MARGINAL COST PUBLIC RECORD EXCHANGE LIQUIDITY PROGRAMS SERVICES PUBLIC SERVICES PUBLIC ACCOUNT POLITICAL ECONOMY REVENUES WELFARE FUNCTION OUTPUT RATIO PUBLIC INFRASTRUCTURE INCENTIVES REALLOCATIONS CAPITAL LOSSES CAPITAL STOCK PUBLIC ASSETS SOCIAL BENEFITS INTERNATIONAL BANK FISCAL IMPACT PUBLIC FINANCIAL MANAGEMENT DISTRIBUTIONAL ISSUES INSTRUMENTS OUTPUT LOSSES BUDGET POVERTY REDUCTION ACCOUNTABILITY SYSTEMS LUMP-SUM TAXATION MERIT GOODS TOTAL EXPENDITURE LACK OF TRANSPARENCY PUBLIC DEFICITS INDEBTEDNESS RETURNS TO CAPITAL BUDGETARY EXPENDITURE PUBLIC FUNDS EXPENDITURE ISSUES FINANCIAL COSTS INTEREST RATES OPTIONS FINANCIAL ACCOUNTABILITY SYSTEMS NATURAL DISASTERS DEBT MARKETS PRIVATE INVESTMENT RETURN INTERNATIONAL DEVELOPMENT PUBLIC DEFICIT BUDGET DEFICIT SOCIAL PROTECTION EXTERNAL ASSISTANCE TAX REVENUES ELASTICITY OF SUBSTITUTION PRIVATE CAPITAL DEBT SERVICE FINANCE AGGREGATE EXPENDITURE PUBLIC INVESTMENT TAXES CONTINGENT LIABILITY FISCAL DEFICIT EXPENDITURE TRANSACTIONS CONSTANT ELASTICITY OF SUBSTITUTION DOMESTIC EXPENDITURE BUDGET CONSTRAINT VALUATIONS OPPORTUNITY COST GOOD ACCOUNTABILITY BUDGET EXPENDITURE TRANSPARENCY PUBLIC EXPENDITURE BUDGET PROCESS RETURNS ELASTICITIES CAPACITY-BUILDING BUDGETS EXCHANGES CENTRAL GOVERNMENT PUBLIC SECTOR FINANCING PUBLIC EXPENDITURES EXPENDITURES BUDGET STATEMENT PRIVATE GOODS PROPERTY PROPERTIES FISCAL YEAR PRIVATE SECTOR MARKET NATIONAL BUDGET EXPENDITURE TRACKING SOCIAL WELFARE PUBLIC DEBT BUDGETARY EXPENDITURES INSURANCE MACROECONOMIC EFFECTS GOODS ECONOMIES OF SCALE INVESTMENT PUBLIC CAPITAL MACROECONOMIC ANALYSIS SOCIAL OUTCOMES ALLOCATION FINANCIAL CAPACITY SOCIAL BENEFIT DEBT SERVICE PAYMENTS OUTPUT LOSS MACROECONOMIC IMPACT COMPETITIVE MARKETS TOTAL EXPENDITURES PERFORMANCE INDICATOR REVENUE FINANCIAL ACCOUNTABILITY EXTERNAL DEBT TAX REFORM EXPENDITURE OUTCOMES BUDGET FRAMEWORK PUBLIC PRODUCTION PUBLIC SPENDING OUTCOMES PUBLIC ACTIVITIES COST OF CAPITAL FISCAL POSITION INCOME LEVEL PUBLIC GOODS
Online Access:	http://documents.worldbank.org/curated/en/2015/07/24744796/public-expenditure-following-disasters http://hdl.handle.net/10986/22240

Description
Summary:	This paper focuses on the impact of disasters on public expenditures, and how this impact might be valued. The impact may involve changes in the composition of spending, concurrently and over time. It may also involve changes in the level of spending and the profile of this over time. In the latter case, the associated financing must also be taken into account. The changes of interest are those that would take place under a given sovereign disaster risk financing and insurance strategy, as opposed to what would take place otherwise. The paper concludes with some suggestions toward an operational framework for addressing these questions.

Public Expenditure Following Disasters

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