Economic Outlook for Sri Lanka

ESCAP MOVING FORWARD TOGETHER Examples of recent ESCAP work on fiscal policies Policy option Improve tax administration ESCAP analysis and product Better tax administration can increase tax revenues; around 2-5% of GDP in several Asia-Pacific economies. Enhance public spending efficiency Rationalize tax privileges Asia-Pacific countries can spend 30% less on education and health care and 50% less on infrastructure to achieve the same outcomes. Rationalizing tax incentives (to try and attract FDI) can save considerable resources. Improve public debt management Explore sovereign bond financing A policy brief on good public debt management practices in Asia-Pacific A study on offshore bonds and diaspora bonds

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