Inputs to the Outcome Document

This joint Brief by IMF, OECD and WBG emphasizes the critical role of Domestic Revenue Mobilization (DRM) in addressing the financing gap for the Sustainable Development Goals (SDGs) in low-income countries. It highlights the need for comprehensive tax reforms, enhanced compliance, and international cooperation to increase tax revenues. The brief advocates for utilizing the upcoming FFD4 conference to strengthen tax capacity and align policies with sustainable development objectives.

Demographic change is one of the most powerful yet largely neglected factors shaping financing for sustainable development. It not only has implications for the expenditure side of public and private budgets, but also for the revenue side, and thus on budgets and debt. This brief makes the case for systematic consideration of demographic change and other megatrends in planning and budget processes of countries.