#ASP2023 | Day 1 | Parallel Session 2B | Financing Social Protection: Fiscal Space and Domestic Resource Mobilization
The average social protection expenditure in Asia-Pacific countries is around 3.7% of GDP but the figure masks significant variations across countries (Australia 19% of GDP). The composition of social protection expenditure also varies widely across the region. There is still significant room for improvement, particularly in terms of extending coverage to informal workers and other marginalized groups. The informal economy is not covered by formal social protection systems. Many countries in Asia and the Pacific have limited fiscal space which constrains their capacity to mobilize resources and finance social protection programs. Factors such as low tax revenues, high levels of debt, and limited external financing options are common limiting factors. The demographic changes in the region, together with urbanisation and migration may lead to increased demand for social protection services and a need for more targeted approaches to financing.
This session invited panelists to reflect on the evidence and practicalities of leveraging sustainable financing options, fiscal space and domestic resource mobilization for social protection in Asia and Pacific countries.
Panelists
:
1. Andrea Rossi, Regional Advisor, Social Policy and Economic Analysis, East Asia and Pacific Regional Office (EAPRO), United Nations Children’s Fund (UNICEF)
2. Herwig Immervoll, Senior Economist, Head of Employment-oriented Social Policies, Directorate for Employment, Labour and Social Affairs, OECD
3. Parbati Aryal, Joint Secretary, Economic Policy Analysis Division, Ministry of Labor, Employment and Social Security (MOLESS), Nepal
4. Sinta Satriani, Social Protection Specialist, Pacific Partnerships for Social Protection Program (P4SP)
5. Bruno Carrasco, Director General, Climate Change and Sustainable Development Department (CCSD), ADB
Moderator
: Xin Long, Principal Social Sector Specialist, Human and Social Development Sector Office, Sectors Group, ADB
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The Asia-Pacific Social Protection Week (APSP) 2023 took place from 26-28 September in Manila, Philippines, and was organised by the Asian Development Bank (ADB), with the support of the socialprotection.org platform and other partners.
Access the conference's page for additional information and resources: [ Ссылка ]
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