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Showing posts from September 26, 2019

Managing Corruption

No country is immune to corruption. Tax payers' money is lost in different ways, siphoned off from Schools, Hospitals, Roads etc. to line the pockets of people up to no good. Equally damaging is the way it corrodes the Govt's ability to help grow the economy in the manner it benefits all citizens. A few countries' reforms generated more revenues. For example, Georgia and Rwanda reforms to fight corruption since mid-1990s bore fruit and tax revenues increased by 6 percentage points of their GDP. These examples demonstrate the Political will to build strong and transparent institutions which can turn the tide against corruption. Corrupt countries collect fewer taxes as people pay bribes to avoid them. It is generally said that where there is Political will, there is a way. Fighting corruption requires political will to create strong fiscal institutions that promote accountability and integrity throughout the public sector. Here are some issues for the countries to help the