Cardinal Point Advisors

Public Finance Management

How Countries Can Expand Domestic Revenue Without Burdening Citizens

Low-income countries face significant challenges in mobilizing domestic revenue to fund their economic development and basic state functions. According to the World Bank, most of these countries collect taxes that amount to less than 15 percent of their national GDP, which is barely sufficient for governments to operate effectively. The inability to collect adequate taxes […]

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The Importance of Fiscal Discipline for Sustainable Economic Development

Achieving sustainable economic development is a top priority for nations worldwide. One crucial factor that contributes to this goal is maintaining fiscal discipline. By managing finances effectively, governments can ensure economic stability, which is essential for long-term prosperity. When governments prioritize fiscal responsibility, they create an environment that fosters economic growth, attracts investments, and improves

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