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Although economic growth continued to be lukewarm in 2021, tax revenue increased significantly, even exceeding the pre-crisis level despite economic policy measures associated with revenue losses. During the 2008-2011 global financial crisis, tax revenue followed a different path: Its recovery...
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As the COVID-19 pandemic continues to afflict much of the global economy, the flow of African remittances is likely to … pandemic on African remittances and highlights the key responses undertaken in the continent, which could be useful and …, and restrictions on travel and high cost of sending remittances to their home country.As aresult, remittances to Africa …
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We define the notion of 'de facto fiscal space' of a country as the inverse of the outstanding public debt relative to the de facto tax base, where the latter measures the realized tax collection, averaged across several years to smooth for business cycle fluctuations. We apply this concept to...
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