Funding and financial framework

- Author: United Nations Economic Commission for Europe
- Main Title: Country Profiles on Urban Development, Housing and Land Management , pp 33-33
- Publication Date: October 2023
- DOI: https://doi.org/10.18356/9789210027946c011
- Language: English
Dwindling tax revenues reflected the economic crisis that engulfed the Republic of San Marino in 2020. Tax revenues’ share in GDP decreased from around 16.1 per cent in 2019 to 14.5 per cent in 2020 (IMF, 2022).47 Compounding the impact of the revenue losses is the growing public expenditures, as the Government reallocated funds to finance its COVID-19 emergency response package for supporting the health sector and the most vulnerable segments of the population (see annex 4).
© 2023 United Nations
ISBN (PDF):
9789210027946
Book DOI:
https://doi.org/10.18356/9789210027946
Sustainable Development Goals:
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