Economic Report on Africa 2019

Fiscal Policy for Financing Sustainable Development in Africa

image of Economic Report on Africa 2019

The 2019 edition of the Economic Report on Africa explores the intricate terrain of revenue collection on the continent and makes salient recommendations to help African countries attain the SDGs and the aspirations of Agenda 2063 by expanding their fiscal space and how. It identifies several quick wins in Africa’s pursuit of additional fiscal space to finance achievement of the SDGs and the aspirations of Agenda 2063. The Report calls on African countries to stabilize the macroeconomic environment, it advises against using competitive tax breaks for attracting international companies, and calls on African countries and their global partners to muster external public and private resources, at the same time, urges countries to pay attention to debt sustainability issues.



Non-tax revenues for financing sustainable development

Non-tax revenue to African governments is equivalent to 4.5 per cent of GDP. There is considerable potential for boosting this contribution. Simply improving collection efficiency could raise non-tax revenue by 2 per cent of GDP. Thanks to improving efficiency and increasing diversity of sources, Botswana and Congo recorded non-tax revenue of up to 16 per cent of GDP during 2000 and 2018.


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