Fiscal Resilience to Natural Disasters
10. January 2020
Natural disasters continue to cause widespread damage and losses, with fast growing economies particularly exposed. Governments often shoulder a significant share of the costs of disaster recovery and reconstruction. This is true in OECD countries and even more so in developing economies, where private insurance markets are not as well developed. The fiscal impact of disasters on a government’s budget can be sizeable.
Organisation for Economic Co-operatin and Development | Fiscal Resilience to Natural Disasters