Staff Discussion Notes

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

Author/Editor:

Vitor Gaspar ; David Amaglobeli ; Mercedes Garcia-Escribano ; Delphine Prady ; Mauricio Soto

Publication Date:

January 23, 2019

Electronic Access:

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Summary:

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.

Series:

Staff Discussion Notes No. 19/03

Subject:

Development Development policy Economic conditions Economic growth Emerging markets Fiscal policy Government expenditures Low-income developing countries National income Poverty Reduction Sustainable development Sustainable Development Goals (SDG) Tax revenues