Liberia Domestic Revenue Mobilization Policy Notes

Following general elections in Liberia in 2017, a new government was formed with a mandate to achieve ambitious development objectives. Following a nationwide consultative process, the new medium-term national development plan, Pro-Poor Agenda for...

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Main Author:	World Bank
Format:	Policy Note
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	TAXATION REVENUE MOBILIZATION NATURAL RESOURCES MANAGEMENT EXTRACTIVE INDUSTRY TRANSPARENCY TAX CONCESSIONS SUBSIDIES VALUE ADDED TAX
Online Access:	http://documents.worldbank.org/curated/en/746951560140991207/Liberia-Domestic-Revenue-Mobilization-Policy-Notes http://hdl.handle.net/10986/31990

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recordtype	oai_dc
spelling	okr-10986-319902021-05-25T10:54:40Z Liberia Domestic Revenue Mobilization Policy Notes World Bank TAXATION REVENUE MOBILIZATION NATURAL RESOURCES MANAGEMENT EXTRACTIVE INDUSTRY TRANSPARENCY TAX CONCESSIONS SUBSIDIES VALUE ADDED TAX Following general elections in Liberia in 2017, a new government was formed with a mandate to achieve ambitious development objectives. Following a nationwide consultative process, the new medium-term national development plan, Pro-Poor Agenda for Prosperity and Development (PAPD)-2019-2023 was developed focusing on: strengthening public institutions; accelerating infrastructure investments for productive capacity; improving productivity in the real sector through enhanced economic diversification; increasing investment in human capital (youth employment, health, and education); and improving competitiveness, while safeguarding macroeconomic and debt sustainability. The focus of fiscal policy should be twofold, raising revenues while sustaining deficit at financeable level. In such a tight fiscal situation, the imperative is to secure equal or improved quality of public services by prioritizing and improving the composition of expenditure, enhancing efficiency, and expanding the resource envelope by stepping up the revenue mobilization efforts. Sustaining pro-poor development agenda, will likely require a political resolve to reduce the share of government resources devoted to high paid public servants and discretionary expenditures, as well as improve the efficiency and transparency of government spending. Otherwise, the financing gap created by an announced decline in grants and other forms of external assistance may be difficult to close. 2019-06-28T16:47:01Z 2019-06-28T16:47:01Z 2019-05-20 Policy Note http://documents.worldbank.org/curated/en/746951560140991207/Liberia-Domestic-Revenue-Mobilization-Policy-Notes http://hdl.handle.net/10986/31990 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Policy Note Economic & Sector Work Africa Liberia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	TAXATION REVENUE MOBILIZATION NATURAL RESOURCES MANAGEMENT EXTRACTIVE INDUSTRY TRANSPARENCY TAX CONCESSIONS SUBSIDIES VALUE ADDED TAX
spellingShingle	TAXATION REVENUE MOBILIZATION NATURAL RESOURCES MANAGEMENT EXTRACTIVE INDUSTRY TRANSPARENCY TAX CONCESSIONS SUBSIDIES VALUE ADDED TAX World Bank Liberia Domestic Revenue Mobilization Policy Notes
geographic_facet	Africa Liberia
description	Following general elections in Liberia in 2017, a new government was formed with a mandate to achieve ambitious development objectives. Following a nationwide consultative process, the new medium-term national development plan, Pro-Poor Agenda for Prosperity and Development (PAPD)-2019-2023 was developed focusing on: strengthening public institutions; accelerating infrastructure investments for productive capacity; improving productivity in the real sector through enhanced economic diversification; increasing investment in human capital (youth employment, health, and education); and improving competitiveness, while safeguarding macroeconomic and debt sustainability. The focus of fiscal policy should be twofold, raising revenues while sustaining deficit at financeable level. In such a tight fiscal situation, the imperative is to secure equal or improved quality of public services by prioritizing and improving the composition of expenditure, enhancing efficiency, and expanding the resource envelope by stepping up the revenue mobilization efforts. Sustaining pro-poor development agenda, will likely require a political resolve to reduce the share of government resources devoted to high paid public servants and discretionary expenditures, as well as improve the efficiency and transparency of government spending. Otherwise, the financing gap created by an announced decline in grants and other forms of external assistance may be difficult to close.
format	Policy Note
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Liberia Domestic Revenue Mobilization Policy Notes
title_short	Liberia Domestic Revenue Mobilization Policy Notes
title_full	Liberia Domestic Revenue Mobilization Policy Notes
title_fullStr	Liberia Domestic Revenue Mobilization Policy Notes
title_full_unstemmed	Liberia Domestic Revenue Mobilization Policy Notes
title_sort	liberia domestic revenue mobilization policy notes
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/746951560140991207/Liberia-Domestic-Revenue-Mobilization-Policy-Notes http://hdl.handle.net/10986/31990
_version_	1764475533641383936

Liberia Domestic Revenue Mobilization Policy Notes

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