01847cas a2200241 a 4500 AALejournalIMF019981 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498334198 2663-3493 BD-DhAAL BD-DhAAL International Monetary Fund. Fuel and Food Price Subsidies : Issues and Reform Options. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (55 pages) Policy 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 Government price subsidies are pervasive in developed, emerging, and low-income countries. A subsidy is a form of government intervention resulting in a deviation of an actual price facing consumers and producers from a specified benchmark price. Subsidies affect consumption and production patterns as well as the distribution of resources, with important implications for the budget, expenditure composition, and long-term growth. They can and often do involve fiscal costs, but not all affect government fiscal accounts in the same way. Price subsidies have spillover effects onto prices and quantities in domestic, regional, or global markets. This paper discusses the key issues and policy options in the reform of subsidies for fossil fuels and selected food commodities, and their implications for the work of the Fund. Mode of access: Internet Policy Papers; Policy Paper ; No. 2008/045 Full text available on IMF http://elibrary.imf.org/view/journals/007/2008/045/007.2008.issue-045-en.xml IMF e-Library