Digital Revolutions in Public Finance
Books, November 1, 2017
Source details
- Canonical URL
- Digital Revolutions in Public Finance
Other formats
Bibliographic details
- Published: November 1, 2017
- Series: Books
- DOI: https://doi.org/10.5089/9781484315224.071
Summary
- Digitization promises to reshape fiscal policy by transforming how governments collect, process, share, and act on information.
- More and higher-quality information can improve policy design for tax and spending, and systems for their management, including:
- tax administration and compliance,
- delivery of public services,
- administration of social programs,
- public financial management.
- Countries must chart their own paths to balance potential benefits against risks and challenges, including:
- institutional and capacity constraints,
- privacy concerns,
- new avenues for fraud and evasion.
- Support for this book and the conference on which it is based was provided by the Bill and Melinda Gates Foundation.
- “Click Download on the top right corner for your free copy..."
Key findings and themes
- Digitization affects multiple fiscal domains: capital income, consumption taxes, income, labor, national accounts, personal income, public employment, and taxes.
- Technology influences government payments and transfers, public service provision, and interactions with multinational enterprises.
- Geographic and thematic scope includes Africa, Caribbean, Sub-Saharan Africa, and global perspectives on fiscal policy and digitalization.
Policy implications and recommendations
- Design country-specific strategies to leverage digital information for better tax and spending policy.
- Strengthen institutional capacity to manage digital systems for:
- tax administration and compliance,
- social program delivery,
- public financial management.
- Address privacy and data protection concerns as part of digital fiscal reforms.
- Mitigate risks of fraud and evasion enabled by digital channels through improved safeguards and oversight.