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SDGs

17.1.2 Domestic Budget Funded by Domestic Taxes

Deifnition

Tax revenue refers to compulsory transfers to the central government for public purposes. Compulsory transfers such as fines, penalties, and most social security contributions are excluded. This measure is the proportion of domestic budget funded by domestic taxes.

Data Source(s)

International Monetary Fund, Government Finance Statistics Yearbook and Data Files, and World Bank and OECD GDP estimates. Retrieved from “https://www.imf.org/en/Data

17.1.2 Domestic Budget Funded by Domestic Taxes

 
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17.1.2 Domestic Budget Funded by Domestic Taxes Sustainable Development Goals

17. Revitalize the global partnership for sustainable development
17. Revitalize the global partnership for sustainable development

17. Revitalize the global partnership for sustainable development

A successful sustainable development agenda requires partnerships between governments, the private sector and civil society. These inclusive partnerships built upon principles and values, a shared vision, and shared goals that place people and the planet at the centre, are needed at the global, regional, national and local level.

Urgent action is needed to mobilize, redirect and unlock the transformative power of trillions of dollars of private resources to deliver on sustainable development objectives. Long-term investments, including foreign direct investment, are needed in critical sectors, especially in developing countries. These include sustainable energy, infrastructure and transport, as well as information and communications technologies. The public sector will need to set a clear direction. Review and monitoring frameworks, regulations and incentive structures that enable such investments must be retooled to attract investments and reinforce sustainable development. National oversight mechanisms such as supreme audit institutions and oversight functions by legislatures should be strengthened.

Related 17.1.2 Domestic Budget Funded by Domestic Taxes Targets

17.1

Strengthen domestic resource mobilization, including through international support to developing countries, to improve domestic capacity for tax and other revenue collection