2014
Increasing tax revenues to bridge the education financing gap
OverviewSustained economic growth has increased the resources that many of the world’s poorest countries can raise domestically to finance their education strategies. Many countries furthest from the Education for All goals, however, do not sufficiently tap their tax base. Strengthening tax systems is an essential condition for achieving Education for All. This policy paper shows that if governments in 67 low and middle income countries modestly increased their tax-raising efforts and devoted a fifth of their budget to education, they could raise an additional US $153 billion for education spending in 2015, increasing the average share of GDP spent on education from 3% to 6% by 2015.