by Raul Felix Junquera-Varela, Marijn Verhoeven, Gangadhar P. Shukla et al.
International Bank for Reconstruction and Development / The World Bank, 2017
The document analyzes the present status of government revenues and presents policy and administrative options relevant to these settings. The authors call for a joint consideration of tax and expenditure policy to enhance the likelihood of success in ensuring revenue sufficiency for sustained economic and social development. Public spending plays a key role in the economic growth and development in low- and middle-income countries. When revenue and expenditure reforms are embedded in broader public financial management reforms, domestic resource mobilization becomes a development tool to support sustainable, inclusive development. The role of subnational governments in revenue mobilization and service delivery expenditure must also be included in the revenue mobilization agenda.