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South Asia's Revenue Crisis: Time for Tax Reform

4/28/2025

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Summary

Story summary

South Asian governments face a pressing need to boost revenue for better fiscal health. Currently, their average revenue stands at just 18% of GDP, lagging behind the EMDE average of 24%. By refining tax policies, eliminating loopholes, and implementing pollution pricing, they could unlock significant financial potential and pave the way for sustainable growth.

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Story summary

South Asian governments face a pressing need to boost revenue for better fiscal health. Currently, their average revenue stands at just 18% of GDP, lagging behind the EMDE average of 24%. By refining tax policies, eliminating loopholes, and implementing pollution pricing, they could unlock significant financial potential and pave the way for sustainable growth.