October 4, 2017Doug Hadden
Steve Rozner of USAID spoke about “Domestic Resource Mobilization” at the October ICGFM DC Forum on Wednesday. The donor community is concerned about the quality of foreign aid. As Rozner pointed out, there is far more funding available for country development from domestic sources. Foreign aid has reached a plateau, while many emerging economies have yet to optimize taxation and other forms of government revenue. There is also evidence to suggest that domestic revenue collection results in higher quality spending than transfers and aid.
Rozner stressed the need for governments to focus on the basics of tax policy and administration, including making taxes easy to pay and ensuring that everyone that should pay taxes are in the tax base.
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