Developing Asia’s Fiscal Landscape and Challenges

Analysis drawing on newly compiled data shows that while tax revenues in developing Asia steadily rose in the 2 decades before the COVID–19 pandemic, they continued to lag well behind high-income economies and some developing peers. The region relies on indirect taxes, creating a relatively efficient but less progressive tax structure, while government expenditures on education and health were comparatively modest.

  • Introduction
  • Developing Asia’s Tax and Expenditure Landscape
  • The Impact of COVID-19 and Meeting the Challenge of Fiscal Policy for Sustainable Development
  • Conclusion
 

 
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Source URL: https://www.adb.org/publications/developing-asia-fiscal-landscape-challenges