No sticks, just carrots: a negative income tax for Egypt

Source: Economic Research Forum

Author(s): Ahmed Rashad

Original Link:

Egypt’s government has provided cash assistance to vulnerable workers during the Covid-19 crisis. As this column explains, there is an opportunity to transform this temporary policy into a rules-based fiscal stimulus or automatic stabiliser that can strengthen the resilience of the Egyptian economy to future downturns. A negative income tax could also reduce informality and help to eradicate extreme poverty.

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