Public Expenditure Following Disasters

26 Pages Posted: 20 Apr 2016

Date Written: July 2, 2015

Abstract

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.

Keywords: Public Finance Decentralization and Poverty Reduction, Economic Adjustment and Lending, Macro-Fiscal Policy, Public Sector Economics

Suggested Citation

Bevan, David and Cook, Samantha Jane, Public Expenditure Following Disasters (July 2, 2015). World Bank Policy Research Working Paper No. 7355, Available at SSRN: https://ssrn.com/abstract=2626264

David Bevan (Contact Author)

University of Oxford ( email )

Mansfield Road
Oxford, Oxfordshire OX1 4AU
United Kingdom

Samantha Jane Cook

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

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