Fiscal Policy and Development: Human, Social, and Physical Investments for the SDGs

Vitor Gaspar, David Amaglobeli, Mercedes Garcia-Escribano, Delphine Prady and Mauricio Soto ()

No 2019/003, IMF Staff Discussion Notes from International Monetary Fund

Abstract: The goal of this paper is to estimate the additional annual spending required for meaningful progress on the SDGs in these areas. Our estimates refer to additional spending in 2030, relative to a baseline of current spending to GDP in these sectors. Toward this end, we apply an innovative costing methodology to a sample of 155 countries: 49 low- income developing countries, 72 emerging market economies, and 34 advanced economies. And we refine the analysis with five country studies: Rwanda, Benin, Vietnam, Indonesia, and Guatemala.

Keywords: SDN; developing country; low-income developing countries; emerging market economy; spending; GDP; Sustainable Development Goals; Development; Fiscal Policy; equity-enhancing expenditure priority; spending pressure; enhancing spending efficiency; countries spend; spending estimate; Emerging and frontier financial markets; Sustainable Development Goals (SDG); Global; Sub-Saharan Africa; Asia and Pacific (search for similar items in EconPapers)
Pages: 45
Date: 2019-01-23
New Economics Papers: this item is included in nep-env, nep-mac and nep-sea
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