Public Expenditure Policy and the Environment: A Review and Synthesis

By Kenneth M. Miranda, Ian W.H. Parry, Sanjeev Gupta

March 1, 1993

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Kenneth M. Miranda, Ian W.H. Parry, and Sanjeev Gupta. Public Expenditure Policy and the Environment: A Review and Synthesis, (USA: International Monetary Fund, 1993) accessed November 21, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

Commonly cited environmental instruments in the legal, regulatory, and fiscal domains are intended primarily to address market failures to ensure that environmental degradation and resource use is contained to appropriate levels. However, in many instances, environmental degradation is rooted not in market failure, but rather in policy failure. This paper identifies areas of public expenditure policy that interact with the environment. It argues that a reform of certain types of subsidies, increased operations and maintenance expenditures, and a thorough environmental assessment of capital projects will tend to benefit the environment, thereby moving an economy towards ‘sustainable’ development.

Subject: Agroindustries, Economic sectors, Environment, Environmental policy, Expenditure, Government subsidies

Keywords: Agroindustries, Balance of payments, Environmental damage, Environmental policy, Fertilizer subsidy, Global, Government subsidies, Input subsidy, Irrigation subsidy, Output subsidy, Pesticide subsidy, Public expenditure, Reform proceeds, Subsidy reform, Supply curve, Welfare cost bde, WP

Publication Details

Pages:

42
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1993/027
Stock No:

WPIEA0271993
ISBN:

9781451844443
ISSN:

1018-5941

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