Domestic Revenue Mobilization in Low Income Countries: Where To From Here?
Peter Mullins,
Sanjeev Gupta and
Jianhong Liu
Additional contact information
Peter Mullins: Independent consultant
Sanjeev Gupta: Center for Global Development
Jianhong Liu: Center for Global Development
No 195, Policy Papers from Center for Global Development
Abstract:
Spending needs for financing the Sustainable Development Goals (SDGs) in developing countries are large and cannot be covered by external flows alone. This has made it imperative for these countries to raise more resources domestically over time—an urgency accentuated by the fiscal impact of COVID-19, possibly with a long-lasting impact on revenue-generating capacity. This paper argues that there is considerable potential for raising more revenues from domestic sources in developing countries to finance development, but this would require strong political leadership to overcome resistance from vested interests. The paper identifies the areas where revenue potential exists and the type of reforms needed to tap this potential.
Pages: 21 pages
Date: 2020-12-10
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Persistent link: https://EconPapers.repec.org/RePEc:cgd:ppaper:195
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