Description
This session will explore the role of fiscal policies in mitigating inequalities, with a special focus on fiscal consolidations and their impact on (worsening) inequalities. Given the rising debt levels and expected fiscal consolidations, the panelists will discuss potential changes to fiscal spending that can have the least impact on those at the bottom of the economic pyramid. The session will be in two segments followed by a discussion (15 mins each):
o Designing fiscal policies to reduce inequalities
o Fiscal response to COVID-19 in Timor- Leste
o Fiscal policies to mitigate the impact of pandemics on inequality
Discussion on the impact of social policies and taxation structures on inequality. The participants will discuss how fiscal policies impact inequalities, why inequality-reducing policies can have adverse impact on those at the bottom of the economic pyramid, and how to prioritize inequality-reducing fiscal policies aiming to build forward better (15 mins each).
o Addressing inequalities at their roots: policies for rural Asia-Pacific?
o Research review on inequalities and fiscal policies in Asia- pacific
o Landscape of inequality reducing fiscal policy in Asia-Pacific - moving forward
Q&A
