Public Management

Africa could raise $99 bln yearly by improving its taxation policies (UNECA)

Monday, 25 March 2019 13:24
Africa could raise $99 bln yearly by improving its taxation policies (UNECA)

(Ecofin Agency) - Africa could raise $99 billion yearly by adopting better tax policies, the UNECA indicated in a report published last week.

In the 2019 edition of its Economic report on Africa, the UNECA stated that in Africa, taxation policies can increase the GDP by 4.6% thus relieving public financing amid increased investments.

Indeed, while there is an increased volume of development projects in the continent, countries still largely rely on foreign aids. With the increase of bond issuances in the continent recently, public finances are under pressure due mainly to the rising weight of the debt. In 2017, the continent’s public debt was about 57% of GDP (twice its volume five years earlier).

Despite this rise of the debt, African countries are unable to bridge the financing gap (estimated to be 11-13% of continental GDP according to the UNECA) that should help them meet the UN’s sustainable development goals and the African Union’s 2063 agenda.

For the UNECA, to bridge this gap, Africa should hasten the digitalization of tax administrations and elaborate taxation policies based on the economic cycles.

By reinforcing the tax and non-tax resources collection methods, “public revenues could rise by 12 to 20% of GDP in the continent,” the UNECA indicates.

Moutiou Adjibi Nourou         

Additional Info

  • communiques: Non
  • couleur: N/A
 
Finance


 
Telecom


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.