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

Author

Listed:
  • Vitor Gaspar
  • David Amaglobeli
  • Ms. Mercedes Garcia-Escribano
  • Delphine Prady
  • Mauricio Soto

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.

Suggested Citation

  • Vitor Gaspar & David Amaglobeli & Ms. Mercedes Garcia-Escribano & Delphine Prady & Mauricio Soto, 2019. "Fiscal Policy and Development: Human, Social, and Physical Investments for the SDGs," IMF Staff Discussion Notes 2019/003, International Monetary Fund.
    • Handle: RePEc:imf:imfsdn:2019/003
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    Citations

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    Cited by:

    1. Sanjeev Gupta & João Tovar Jalles & Jianhong Liu, 2022. "Tax Buoyancy in Sub-Saharan Africa and its Determinants," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 29(4), pages 890-921, August.
    2. Swarnali Ahmed Hannan & Keiko Honjo & Mehdi Raiss, 2022. "Mexico needs a fiscal twist: Response to Covid-19 and beyond," International Economics, CEPII research center, issue 169, pages 175-190.
    3. Vybhavi Balasundharam & Olivier Basdevant & Dalmacio Benicio & Andrew Ceber & Yujin Kim & Luca Mazzone & Hoda Selim & Yongzheng Yang, 2023. "Fiscal Consolidation: Taking Stock of Success Factors, Impact, and Design," IMF Working Papers 2023/063, International Monetary Fund.
    4. Mathias Lund Larsen, 2022. "Driving Global Convergence in Green Financial Policies: China as Policy Pioneer and the EU as Standard Setter," Global Policy, London School of Economics and Political Science, vol. 13(3), pages 358-370, June.
    5. Moszoro Marian W., 2024. "The direct employment impact of public investment," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 60(1), pages 59-74, March.
    6. Judith M. Ament & Robin Freeman & Chris Carbone & Anna Vassall & Charlotte Watts, 2020. "An Empirical Analysis of Synergies and Tradeoffs between Sustainable Development Goals," Sustainability, MDPI, vol. 12(20), pages 1-12, October.
    7. Kazi Arif Uz Zaman, 2023. "Financing the SDGs: How Bangladesh May Reshape Its Strategies in the Post-COVID Era?," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 35(1), pages 51-84, February.
    8. Najib Rahman Sabory & Tomonobu Senjyu & Mir Sayed Shah Danish & Mikaeel Ahmadi & Hameedullah Zaheb & Mustafa Halim, 2021. "A Framework for Integration of Smart and Sustainable Energy Systems in Urban Planning Processes of Low-Income Developing Countries: Afghanistan Case," Sustainability, MDPI, vol. 13(15), pages 1-24, July.
    9. Omid Sabbaghi, 2024. "The United Nations Sustainable Development Goals and global finance: Recent evidence," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(5), pages 4020-4033, September.
    10. Liebich, Lena & Nöh, Lukas & Rutkowski, Felix & Schwarz, Milena, 2020. "Current developments in green finance," Working Papers 05/2020, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung.
    11. AILINCA, Alina Georgeta, 2021. "Ways To Identify The Level Of The Public Debt Level Or Interval As Well As Possible In Accordance With The Achievement Of Sustainable Development Objectives At Eu27 Level," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 9(1), pages 6-22, October.
    12. Gianni Vaggi & Luca Frigerio, 2021. "Foreign debt sustainability and human development in Sub Saharan Africa," DEM Working Papers Series 203, University of Pavia, Department of Economics and Management.
    13. Alain Babatounde & Bart Capeau & Romain Houssa, 2023. "Welfare effects of indirect tax policies in West Africa," DeFiPP Working Papers 2301, University of Namur, Development Finance and Public Policies.
    14. Philippe Le Houérou & Hans Peter Lankes, 2023. "Mustering the private sector for development and climate in the Global South. Is it realistic? WP323," Working Papers hal-04123874, HAL.
    15. Kotsogiannis, Christos & Salvadori, Luca & Karangwa, John & Mukamana, Theonille, 2024. "Do tax audits have a dynamic impact? Evidence from corporate income tax administrative data," Journal of Development Economics, Elsevier, vol. 170(C).
    16. Matthew Stephenson & Mohammed Faiz Shaul Hamid & Augustine Peter & Karl P. Sauvant & Adnan Seric & Lucia Tajoli, 2021. "More and better investment now! How unlocking sustainable and digital investment flows can help achieve the SDGs," Journal of International Business Policy, Palgrave Macmillan, vol. 4(1), pages 152-165, March.

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