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The Effects of IMF Operations on Social Expenditure

  • Imad A. MoosaEmail author
  • Nisreen Moosa
Chapter

Abstract

Social expenditure is public spending on education and health, although it is reasonable to think it also covers expenditure on such things as child care. The IMF has been criticised, for promoting policies that weaken social protection, by academics, civil society organisations and international organisations. Despite denial by the IMF, its operations have an adverse effect on public spending on health and education. The policies, including spending cuts and redirection, have an adverse effect on the ability of people to pay for private healthcare through austerity, poverty and the rising cost of healthcare. Through both supply and demand factors, IMF operations reduce per capita consumption of healthcare.

Keywords

Social expenditure Healthcare Education Poverty Inequality Public sector wage-bill ceilings Macroeconomic stability 

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  1. 1.School of EconomicsRMIT School of EconomicsMelbourneAustralia
  2. 2.University of South AustraliaAdelaideAustralia

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