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Economic and Social Survey of Asia and the Pacific 2014

image of Economic and Social Survey of Asia and the Pacific 2014
The Survey 2014 will examine the region’s challenges to support its economic growth and to promote inclusive and sustainable development. Part I of the report will focus on the region’s outlook as it contends with the ongoing global recovery and assesses the region’s policy response to remaining and emerging vulnerabilities. A special theme is domestic resource mobilization in Asia-Pacific, which will explore the challenges on strengthening tax revenues. Part II of the report discusses strategic approaches to strengthen regional connectivity to achieve shared prosperity.

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Domestic resource mobilization: options for expanding fiscal space

The previous chapters have highlighted some of the domestic challenges that economies in the region are facing, including infrastructure shortages, large budget deficits, inflationary pressure and rising and persisitent inequality. With constrained growth prospects, productive and countercyclical government spending is critical in supporting inclusive growth and sustainable development. One of the most pressing issues for any country determined to invest in development is to raise the necessary resources. This chapter therefore explores various options of mobilizing domestic resources, with a particular focus on tax revenues.

English

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