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Report of the Inter-agency Task Force on Financing for Development 2019

Financing for Sustainable Development Report

image of Report of the Inter-agency Task Force on Financing for Development 2019

The Financing for Sustainable Development Report 2019 will assess the global economic context for development financing, highlighting growing global risks and challenges, and the need for collective action to create a more enabling international environment. This global context chapter will be complemented by a thematic chapter focused on national financing frameworks for the SDGs — laying out actions that countries can take to finance their national strategies and plans and implement the Addis Agenda at the country level. The remainder of the report will assess progress in the seven action areas of the Addis Ababa Action Agenda.

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Domestic public resources

Revenue is not an end in itself; it is a means for Governments to finance the expenditure necessary to achieve sustainable development and policy goals. The fiscal system plays several roles. It finances the provision of public goods, sets incentives for the behaviour of private actors, and promotes equity. It also supports macroeconomic stabilization and can be used to stimulate growth during economic slowdowns. While median tax-to-gross-domestic-product (GDP) ratios have increased, there is still a large gap between public resources and financing needs to achieve the Sustainable Development Goals (SDGs).

English

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