It means implementing tax systems that are simple, broad-based, and fair. Of course, it also means that—once revenues are raised—they must be spent efficiently and effectively in support of inclusive growth.

What are domestic revenues?

n the total value of all goods and services produced domestically by a nation during a year. It is equivalent to gross national product minus net investment incomes from foreign nations, (Abbrev.)

What is mobilization construction?

Mobilization shall include all activities and associated costs for transportation of contractor’s personnel, equipment, and operating supplies to the site; establishment of offices, buildings, and other necessary general facilities for the contractor’s operations at the site; premiums paid for performance and payment …

What is domestic resource mobilization?

Domestic Resource Mobilization (DRM) — the process through which countries raise and spend their own funds to provide for their people – is the long-term path to sustainable development finance.

What is domestic mobilization?

What are domestic public resources?

Domestic public finance is essential to providing public goods and services, increasing equity and helping manage macroeconomic stability. It is a central component of financing across the sustainable development goals (SDGs), as well as the social compact of the Addis Ababa Action Agenda.

Why is domestic resource mobilization important?

Mobilization of domestic resources in recognized as the foundation for self-sustaining development. Domestic resources are important in financing domestic investment and social programmes, which are essential for economic growth and for eradicating poverty.

Is the United Nations committed to domestic revenue mobilization?

Remain committed to further strengthening the mobilization and effective use of domestic resources Welcome efforts by countries to set nationally defined domestic targets and timelines for domestic revenues as part of their national sustainable development strategies

Why is domestic revenue mobilisation important for the SDGs?

Domestic public resources are a crucial source of finance supporting the attainment of the SDGs, with widespread recognition of the potential for governments to increase the scale of this resource through improved domestic revenue mobilisation (DRM). The way in which domestic revenue is mobilised is important.

Why is it important to improve revenue mobilization?

The need for additional revenue is substantial in many developing countries, but improving revenue mobilization has importance beyond that.

When was revenue mobilization in developing countries approved?

Revenue Mobilization in Developing Countries Prepared by the Fiscal Affairs Department Approved by Carlo Cottarelli March 8, 2011