Publication
Dec 2011
To enhance efficiency of public spending in oil-rich economies, this paper proposes that some of the oil revenues be transferred directly to citizens, and then taxed to finance public expenditures. The argument is that spending that is financed by taxation—rather than by resource revenues accruing directly to the government—is more likely to be scrutinized by citizens and hence subject to greater efficiency.
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English (PDF, 27 pages, 866 KB) |
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Author | Shantayanan Devarajan, Hélène Ehrhart, Tuan Minh Le, Gaël Raballand |
Series | CGD Working Papers |
Issue | 281 |
Publisher | Center for Global Development (CGD) |
Copyright | © 2011 Center for Global Development (CGD) |