Measuring financing gaps in social protection for achieving SDG target 1.3 global estimates and strategies for developing countries

Fabio. Durán Valverde, José F. Pacheco-Jiménez, Taneem. Muzaffar and Hazel. Elizondo-Barboza

ILO Working Papers from International Labour Organization

Abstract: The International Labour Organization estimates that in low-income, lower middle-income and middle-income countries, a social protection floor package, excluding health, would cost 2.4 per cent of their GDP on average. However, some of those countries have already established some guarantees of a social protection floor. This study aims to calculate what additional investment would be required to establish a social protection floor in all countries and reach SDG target 1.3 by 2030. It also measures incremental financing needs to illustrate how existing gaps can be closed progressively to achieve 100 per cent coverage by 2030. Finally, it analyses potential sources of financing to create the additional fiscal space needed.

Keywords: social protection.; social security policy.; social security financing. (search for similar items in EconPapers)
Pages: 44 p.) pages
Date: 2019
New Economics Papers: this item is included in nep-agr
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