Workshop on Domestic Public Resource Mobilization for Sustainable Development
Public finance is the financial backbone for an effective pursuit of the 2030 Agenda for Sustainable Development. In particular, public funding and the borrowing backed by public credit remain the main source of financing for infrastructure investment in developing countries, despite increasing mobilization of private resources.
In developing Asia and the Pacific, infrastructure investment is estimated to require $26 trillion, equivalent to 6% of GDP, between 2016-2030 to effectively support the 2030 Agenda, and an overwhelming share of this would be financed by public resources. Many Asia-Pacific countries are ill-equipped for this challenge. The region as a whole has relatively low tax revenue levels, and a number of the region’s least developed countries are still experiencing close-to-single-digit tax to GDP ratios, a level far from being adequate for the sustainable development tasks ahead.
These challenges require strengthened efforts in domestic public resource mobilization at all government levels as well as broad-based cooperation and coordination among countries to work together in addressing common and cross-cutting issues. In particular, continuous dialogue and knowledge exchange between countries, international organizations and academia would be extremely important to identify potential solutions and discuss pros and cons of different policy options for informed decision making.
Against this background, the workshop aims to increase knowledge and awareness of the challenges and opportunities regarding domestic public resource mobilization for sustainable development in Asia and the Pacific.
The workshop featured the following speakers:
- Mr. Joosung Jun, Professor of economics at Ewha Womans University, Republic of Korea
- Mr. Wayne Swan, Member of Parliament and former Deputy Prime Minister and Treasurer of Australia
- Mr. Eric Zolt, Michael H. Schill Distinguished Professor of Law at UCLA School of Law
- Mr. Pramod Kumar, Deputy Secretry, Tax Resource Unit, Department of Revenue, Ministry of Finance of India
- Mr. Zeya Kyi Nyunt, Deputy Director General, Internal Revenue Department, Ministry of Finance of Myanmar
- Mr. Valerio Barbantini, Centre for Tax Policy and Administration, OECD
- Mr. Yuji Miyaki, Public Management Specialist (Taxation), ADB
- Mr. David Tansey, International Tax Policy and Administration Specialist, ADB
- Mr. Jan J.P. de Goede, Senior Principal at IBFD and chair of the Asian Tax Authorities Symposiums (ATAS)
- Mr. James Roldan, Assistant Commissioner, Bureau of Internal Revenue, the Philippines
- Mr. Joosung Jun_Ewha Womans University
- Mr. Eric Zolt_UCLA School of Law_Fiscal Contracting and Revenue Mobilization
- Mr. Pramod Kumar_Ministry of Finance of India
- Mr. Zeya Kyi Nyunt_Ministry of Finance of Myanmar
- Mr. Jan De Goede_Asian Tax Authorities Symposiums-ATAS
- Mr. Valerio Barbantini_Centre for Tax Policy and Administration-OECD
- Mr. Yuji Miyaki & Mr. David Tansey_ADB