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IMF, African Ministers Urge Stronger Tax Collection Even as Most Countries Surveyed Collect Less Than the Recommended 15% Minimum

Ecofin Agency
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IMF, African Ministers Urge Stronger Tax Collection Even as Most Countries Surveyed Collect Less Than the Recommended 15% Minimum

African finance ministers and the IMF are calling for stronger tax collection and better-targeted public spending to fund development, protect vulnerable households and reduce pressure on government budgets. Twenty of 38 African countries surveyed collected less than 15% of GDP in taxes in 2023. The…

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