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Displaying 1 - 10 of 70
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Blog Post
Double Standards in Energy Subsidy Reform? How to Level the Playing Field
Sanjeev Gupta
and
Benedict Clements
January 26, 2023
With the abandonment of its Zero COVID policy, the Chinese economy is expected to rebound and contribute substantively to global economic growth in the latter part of 2023. This is projected to add to world demand for oil, more than offsetting falling demand from advanced countries whose economies a...
Blog Post
Nigeria: Fiscal Policy and Economic Policy Coordination at a Crossroads
Olumuyiwa Adedeji
December 19, 2022
About 63 percent of Nigeria’s population is multidimensionally poor, and Nigeria’s debt service-to-revenue ratio at the federal government level reached 83 percent during the first eight months of 2022. In short, the country is facing significant fiscal-macroeconomic challenges, with implications fo...
CGD NOTES
A Decisive Moment in Nigeria: Fiscal Strategy, Policy Coordination, and Macroeconomic Stability
Olumuyiwa Adedeji
December 19, 2022
The next administration in Nigeria will face significant fiscal-macroeconomic challenges. This note focuses on adopting a more integrated and comprehensive framework for the conduct of fiscal policy, with emphasis on improving domestic resource mobilization, enhancing expenditure efficiency, and exp...
WORKING PAPERS
Why Do Governments Cut Their Deficits? Lessons for High-Debt Countries in a Post-Pandemic World
Benedict Clements et al.
October 31, 2022
We construct a novel database covering more than 450 fiscal consolidation episodes in 185 countries during the period 1979-2019. Using discrete choice models, we then examine the (broader macroeconomic and political) factors motivating these fiscal consolidation episodes.
WORKING PAPERS
Property Tax Compliance in Tanzania: Can Nudges Help?
Matthew Collin et al.
August 08, 2022
Low tax compliance in low- and middle-income countries around the world limits the ability of governments to offer effective public services. This paper reports the results of a randomly rolled out text message campaign aimed at promoting tax compliance among landowners in Dar es Salaam, Tanzania. L...
WORKING PAPERS
Priorities for Strengthening Key Revenue Sources in Asia
Sanjeev Gupta
and
João Tovar Jalles
April 06, 2022
This paper discusses the evolution of key taxes in the past 20 years in developing Asia and fiscal challenges that these countries face in light of the COVID-19 pandemic. It presents estimates of tax capacity and tax potential and discusses the productivity of key taxes in the region. The paper find...
POLICY PAPERS
Domestic Revenue Mobilization and Debt Relief: The Lack of Any Link
Mark Plant
and
Nancy Lee
February 15, 2022
As the global financial community considers how to extend debt relief accompanied by IMF adjustment programs to vulnerable low-income countries, the issue of policy conditions for fiscal adjustment will inevitably arise. This paper considers the effectiveness of conditions related to domestic revenu...
POLICY PAPERS
Meeting the Global Health Challenge to Reduce Death and Disability from Alcohol, Tobacco, and Sugar-Sweetened Beverage Consumption with Corrective Taxes
Chris Lane
and
Vinayak Bhardwaj
November 17, 2021
Behind the daily trauma of COVID-19 lies a larger and longer-lasting global health challenge resulting from the consumption of tobacco, alcohol, and sugar-sweetened beverages. Using a sample of 25 large advanced and emerging market economies accounting for three-quarters of global GDP, we show that ...
Blog Post
Contrary to Conventional Wisdom, Mining Companies Seem To Pay More Taxes in Lower-Income Countries
Eric Werker et al.
August 23, 2021
With pressures to lower taxes and project-based incentives, and the possibility of kickbacks in exchange for favorable deals, lower-income countries seem like the kind of place where companies get away with paying a smaller share of mining profits to host governments. Yet our open-access paper in th...
Blog Post
$57 Trillion Additional Climate Debt Calls for Policy Action by G20
Benedict Clements et al.
March 30, 2021
While a drastic reduction in carbon emissions is necessary to contain climate change, countries still have not reached a consensus on a fair division of responsibilities in reducing them. While advanced economies were the biggest emitters in the past, emerging economies, such as China and India, acc...

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