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How Resilient Are Military Expenditures in the Context of Fund-Supported Programs? [electronic resource]

By: International Monetary Fund.
Material type: materialTypeLabelBookSeries: IMF Working Papers; Working Paper: No. 88/48Publisher: Washington, D.C. : International Monetary Fund, 1988Description: 1 online resource (48 p.).ISBN: 145197213X :.ISSN: 1018-5941.Subject(s): Expenditure | Government Expenditure | Military Expenditures | Military Spending | Military | Dominican Republic | Gabon | Romania | Sri Lanka | United StatesAdditional physical formats: Print Version:: How Resilient Are Military Expenditures in the Context of Fund-Supported Programs?Online resources: IMF e-Library | IMF Book Store Abstract: This paper examines how military spending has been affected by Fund-supported programs. It looks at the changes in military expenditure as a share of gross domestic product (MIL/GDP) and of total expenditure (MIL/EX) for two subsamples of Fund-supported programs, broadly divided into fiscal tightening and fiscal accommodating. Under fiscal tightening, the evidence suggests that MIL/GDP decreases during Fund-supported programs, but that MIL/EX increases, revealing resilience to budgetary adjustments. Under fiscal accommodation, as total government expenditure tends to increase, so does military expenditure; however, the ratio MIL/EX declines, as fewer additional resources are allocated to the military.
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This paper examines how military spending has been affected by Fund-supported programs. It looks at the changes in military expenditure as a share of gross domestic product (MIL/GDP) and of total expenditure (MIL/EX) for two subsamples of Fund-supported programs, broadly divided into fiscal tightening and fiscal accommodating. Under fiscal tightening, the evidence suggests that MIL/GDP decreases during Fund-supported programs, but that MIL/EX increases, revealing resilience to budgetary adjustments. Under fiscal accommodation, as total government expenditure tends to increase, so does military expenditure; however, the ratio MIL/EX declines, as fewer additional resources are allocated to the military.

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