Financing gap for universal social protection: global, regional and national estimates and strategies for creating fiscal space

Fuente: Organización Internacional del Trabajo (OIT)
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Auteurs principaux: Umberto Cattaneo (Author), Helmut Schwarzer (Author), Shahra Razavi (Author), Andrea Visentin (Author)
Format: Entrada de enciclopedia
Publié: International Labour Organization 2024
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author Umberto Cattaneo (Author)
Helmut Schwarzer (Author)
Shahra Razavi (Author)
Andrea Visentin (Author)
author_facet Umberto Cattaneo (Author)
Helmut Schwarzer (Author)
Shahra Razavi (Author)
Andrea Visentin (Author)
Umberto Cattaneo (Author)
Helmut Schwarzer (Author)
Shahra Razavi (Author)
Andrea Visentin (Author)
contents Financing gap for universal social protection: global, regional and national estimates and strategies for creating fiscal space Umberto Cattaneo (Author) Helmut Schwarzer (Author) Shahra Razavi (Author) Andrea Visentin (Author) The primary aim of the study is to provide updated estimates of the financing gap to attain universal coverage for social protection floors. This estimation encompasses 133 low- and middle-income countries, and includes five income security guarantees (for children, persons with severe disabilities, mothers of newborns, older persons and the unemployed), together with essential health care. Estimates show that, for low- and middle-income countries, the financing gap to achieve universal coverage of social protection floors is 3.3 per cent of GDP annually. However, for low-income countries, the financing gap is an overwhelming 52.3 per cent of their GDP annually. In 2024, for low- and middle-income countries, the additional government spending needed to achieve universal social protection represents 10.6 per cent of their annual government expenditure, or 31.6 per cent of their social protection expenditure. However, for low-income countries, building social protection floors requires the mobilization of four times their annual government expenditure or nearly 28 times their social protection expenditure. ILO working paper, 113, ILO 10.54394/FGPM3913 DOI https://doi.org/10.54394/FGPM3913; ISBN 9789220406847,9789220411391 publication.encyclopediaEntry
format Entrada de enciclopedia
id ilo_995381681002676
institution Organización Internacional del Trabajo (OIT)
publishDate 2024
publisher International Labour Organization
spellingShingle Financing gap for universal social protection: global, regional and national estimates and strategies for creating fiscal space
Umberto Cattaneo (Author)
Helmut Schwarzer (Author)
Shahra Razavi (Author)
Andrea Visentin (Author)
Financing gap for universal social protection: global, regional and national estimates and strategies for creating fiscal space Umberto Cattaneo (Author) Helmut Schwarzer (Author) Shahra Razavi (Author) Andrea Visentin (Author) The primary aim of the study is to provide updated estimates of the financing gap to attain universal coverage for social protection floors. This estimation encompasses 133 low- and middle-income countries, and includes five income security guarantees (for children, persons with severe disabilities, mothers of newborns, older persons and the unemployed), together with essential health care. Estimates show that, for low- and middle-income countries, the financing gap to achieve universal coverage of social protection floors is 3.3 per cent of GDP annually. However, for low-income countries, the financing gap is an overwhelming 52.3 per cent of their GDP annually. In 2024, for low- and middle-income countries, the additional government spending needed to achieve universal social protection represents 10.6 per cent of their annual government expenditure, or 31.6 per cent of their social protection expenditure. However, for low-income countries, building social protection floors requires the mobilization of four times their annual government expenditure or nearly 28 times their social protection expenditure. ILO working paper, 113, ILO 10.54394/FGPM3913 DOI https://doi.org/10.54394/FGPM3913; ISBN 9789220406847,9789220411391 publication.encyclopediaEntry
title Financing gap for universal social protection: global, regional and national estimates and strategies for creating fiscal space
url https://researchrepository.ilo.org/esploro/outputs/encyclopediaEntry/Financing-gap-for-universal-social-protection/995381681002676