Buoyant or Sinking? Tax Revenue Performance and Prospects in Developing Asia
Buoyant or Sinking? Tax Revenue Performance and Prospects in Developing Asia
Analysis suggests that short- and long-run tax buoyancy in developing Asia was close to one before COVID-19, indicating fiscal sustainability.
Analysis suggests that short- and long-run tax buoyancy in developing Asia was close to one before COVID-19, indicating fiscal sustainability.
The study estimates that in 2020 the pandemic caused these economies to lose average excess tax revenue equal to half a percentage point of 2019 GDP.
The study estimates that in 2020 the pandemic caused these economies to lose average excess tax revenue equal to half a percentage point of 2019 GDP.
Data and codes.
Data and codes.