1945

All countries can afford to spend more on people

Social spending, here defined as public spending on education, health care and social protection, is instrumental for accelerating poverty reduction. It empowers the poor and increases their chances to contribute to and benefit from the growth process, thus creating societies with greater cohesion. By strengthening human capacities, social spending also becomes an investment that increases productivity and promotes innovation, both of which boost economic growth.

Related Subject(s): Economic and Social Development
Sustainable Development Goals:
/content/books/9789210474672c009
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