Quantec is a consultancy providing economic and financial data, country intelligence and quantitative analytical software.
April 30, 2019
Government revenue has been growing at a rate of 8.1% p.a. over the past decade, compared with an inflation rate of 5.4% over this period. The effect of a higher economic growth rate during the mid-2000s which caused real national income levels to also accelerate, has now all but disappeared. As a result, improved tax collection efficiency is relied upon to increase revenue collections.
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