01531cas a2200241 a 4500 AALejournalIMF007801 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451922677 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Case for Earmarked Taxes : Theory and Example. Washington, D.C. : International Monetary Fund, 1988. 1 online resource (44 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The earmarking (or setting aside) of revenues from various taxes for specific types of expenditure is a much maligned fiscal practice. The paper examines a number of theoretical arguments and institutional circumstances under which earmarking (even widespread earmarking) may be welfare enhancing. The paper also questions the criticism that earmarking seriously erodes budgetary efficiency, and draws on the experience of Colombia to demonstrate that the worst fears of critics do not necessarily come to pass. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1988/018 Full text available on IMF http://elibrary.imf.org/view/journals/001/1988/018/001.1988.issue-018-en.xml IMF e-Library