Financing a Universal Child Benefit by taxing Illicit Financial Flows in Ghana
Universal social protection is increasingly recognized as a central instrument for achieving the United Nations 2030 Agenda commitment to “leave no one behind.” By guaranteeing income security for all, universal policies enhance equity, reduce stigma, and limit exclusion errors that commonly affect means-tested programmes, particularly in low-capacity settings. However, their adoption in low- and middle-income countries (LMICs) is often constrained by concerns over fiscal affordability, driven by cost estimates that assume financing through broad-based and potentially regressive taxation.
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