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Fiscal Trade-Offs of Green Public Expenditure: Crowding-Out, Healthcare Financing, and Welfare Effects
Abstract
The examination of green public expenditure is highly important and this cannot be studied as an individual factor where in healthcare financing and welfare measures also should be embedded to understand this interdependent concept which will provide details about current budgetary pressures and also futuristic fiscal capacity. By exploring about the fiscal transmission channels through short, medium and long-term aspects, this chapter would study the static budgetary analysis by capturing the dynamic interactions throughout the environmental spending and reduced health care costs. This chapter also integrates the welfare economics towards the fiscal analysis by examining the green public expenditure and its contribution towards resilience, equity and well-being through generations globally. The linkage between the green spending and population health will help in supporting the fiscal sustainability. Therefore, this chapter purely studies about the sustainable healthcare financing in long-term welfare outcomes and the green expenditure can be considered as a strategic tool.
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