外债、财政整合与政府教育支出

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This Policy Research Working Paper investigates the relationship between external debt, fiscal consolidation, and government expenditure on education. The paper finds that increased external debt is associated with a higher risk of fiscal consolidation, which may lead to a decline in education spending per school-age child. The study suggests that as debt levels rise, countries may need to make difficult choices about how to allocate their resources, including education spending. The paper is relevant for policymakers and stakeholders concerned with the long-term impact of debt on education and the broader economy.