the Institute of Development Studies and partner organisations
Browse
- No file added yet -

Innovative Financing Methods for Social Protection

Download (408.62 kB)
report
posted on 2024-09-05, 23:43 authored by Laura Bolton
Financing for social protection often comes from government funds. Any way of expanding fiscal space could therefore be useful with the political will for prioritisation (UNESCP, 2016). Egypt created an Economic Justice Unit in the Ministry of Finance to review expenditure priorities, and Costa Rica and Thailand shifted military spending to finance universal health services (Ortiz et al., 2015b). Ortiz et al. (2015) offer options for government to increase social investment: reallocating public expenditures, increasing tax revenues, expanding social security coverage and contributory revenues, lobbying for aid and transfers, eliminating illicit financial flows, using fiscal and foreign exchange reserves, borrowing or restructuring existing debt and, adopting a more accommodative macroeconomic framework. The authors advise against VAT or consumption tax increases as they have a negative social impact unless targeted to luxury goods. Taxes on items that create negative externalities such as beer, cigarettes or petroleum may be more politically acceptable if proceeds are spent improving social issues (Ortiz et al., 2015). There are benefits for public and personal health as consumption is discouraged. In the Philippines a tax on gaming corporations supports National Child Development Centers which provide integrated services for children from birth to 4 years old (Putcha et al., 2016).

Funding

Default funder

History

Publisher

Institute of Development Studies

Citation

Bolton, L. (2017). Innovative financing methods for social protection. K4D Helpdesk Report. Brighton, UK: Institute of Development Studies.

Series

K4D Helpdesk Report 063

Version

  • AO (Author’s Original)

IDS Item Types

Helpdesk

Copyright holder

DFID

Language

en

Project identifier

K4D::9ce4e4dc-26e9-4d78-96e9-15e4dcac0642::600

Usage metrics

    K4D

    Categories

    No categories selected

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC