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Togo :, Selected Issues

This Selected Issues paper provides an assessment of the redistributive impact of fiscal policies in Togo by estimating the impact of taxation and spending on household-level income inequality and poverty rates. Although the combination of direct taxes and subsidies is found to reduce inequality, it increases poverty rates, as the value of taxes paid by lower-income households outweighs the value of transfers they receive, increasing the share of the population living below the poverty line. These findings highlight the importance of targeting spending to lower-income households as the authorities progressively shift public spending from infrastructure to social expenditures
Table Of Contents
Cover -- CONTENTS -- FISCAL INCIDENCE, INEQUALITY AND POVERTY IN TOGO -- A. Introduction -- B. Social Spending and Taxation in Togo -- C. Methodological Summary and Household Survey Data -- D. Results -- E. Policy Implications and Conclusion -- FIGURES -- 1. CEQ Income Concepts and Their Components -- 2. Gini Coefficient at Pre- and Post-Fiscal Income Concepts -- 3. Poverty Headcount at Pre- and Post-Fiscal Income Concepts -- 4. Concentration Shares: Shares of Total VAT Paid and Electricity Subsidies Received -- 5. Incidence: VAT Paid and Electricity Subsidy Received -- 6. Frequency of Enrollment (Out of the General Population) by Schooling Level -- 7. Lorenz Curve (Disposable Income and Concentration Curves for Education by Level) -- 8. Frequency of Illness and Healthcare System Utilization -- 9. Lorenz Curve and Concentration Curves for Health by Type -- 10. Incidence: VAT Paid: Electricity Subsidy Received: Education and Spending Received -- TABLES -- 1. Government Expenditures Included in the Analysis, 2015 -- 2. Government Revenue Included in the Analysis, 2015 -- References -- THE SOVEREIGN-BANK NEXUS IN TOGO -- A. Introduction -- B. Background -- C. Sovereign Risk in the Togolese Banking Sector -- D. Policy options -- FIGURES -- 1. BCEAO Borrowings and Holdings of Government Securities, 2002-16 -- 2. BCEAO Borrowings and Bank Holdings of Government Securities, June 2016 -- 3. WAEMU: 1 Year bill vs BCEAO Minimum Bid Rate -- 4. Togo and Other WAEMU: Crowding Out of Private Sector Credit, 1991-2015 (3 year avgs) -- TABLES -- 1. Composition of Sovereign Bond Holdings of Togolese Banks -- 2. WAEMU: Sovereign Debt Ratings and T-Bill Rates -- References
Literary Form
non fiction
Physical Description
1 online resource (25 pages)
Specific Material Designation
Form Of Item

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