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Middle East and Central Asia > Jordan

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Cover Equity and Efficiency in the Reform of Price Subsidies
Equity and Efficiency in the Reform of Price Subsidies
A Guide for Policymakers
Mr. Juan P Cordoba
,
Mr. Robert Gillingham
,
Mr. Sanjeev Gupta
,
Mr. Ali M. Mansoor
,
Mr. Christian Schiller
, and
Marijn Verhoeven

Abstract

This text provides guidance to policymakers on how to design and implement sound price-subsidy reforms. It draws on the experience of price-subsidy reform in 28 countries. The authors discuss economic and political considerations and make several recommendations concerning the speed of reform and social protection mechanisms. They discuss how the social impact of reform can be limited by establishing cost-effective and well-targeted temporary social protection mechanisms, and how governments can reduce the risk of political disruption by distributing the initial burden of reform fairly and by clearly explaining the costs and benefits to the public.

Keywords:
M&G; price-subsidy reform; price; subsidy; price subsidy; compensation scheme; price-subsidy policy; price change; reform measure; household income; Income; Inflation; Government subsidies; Social assistance spending; Household consumption; Middle East; Africa; East Asia; North Africa; Asia and Pacific; Western Hemisphere; Central Asia; Europe; Global; budgetary saving; Housing; Currencies
Cover IMF Working Papers
Jordan: Restructuring Public Expenditures and Protecting the Poor
Mr. Ehtisham Ahmad
In Jordan, a system of general food subsidies became untenable in budgetary terms, with a sharp devaluation of the dinar in the late 1980s. A shift from a general subsidy system to limited rations would greatly reduce budgetary costs and minimize adverse effects on the poor. To reduce subsidies, the authorities had taken measures, during the course of 1990, consistent with the measures suggested. To complete the safety net, a system of self-targeting public works is suggested; a reform of the social security system might also be needed in view of the increased unemployment resulting from the recent Middle East crisis.
Keywords:
WP; price; Jordanian dinar; Jordan; income; price change; food price reform package; resale price; free market; price schedule; price rise; CIF import price; Agricultural commodities; Consumption; Government subsidies; Middle East