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IPFS News Link • United Nations

Brookings: Global Spending On SDGs Now Exceeds $20 Trillion

• By: Homi Kharas and John Macarthur

Pouring several colors of paint into a single bucket produces a gray pool of muck, not a shiny rainbow. So too with discussions of financing the Sustainable Development Goals (SDGs). Jumbling too many issues into the same debate leads to policy muddiness rather than practical breakthroughs. Financing the SDGs requires a much more disaggregated mindset: unpacking the specific issues, requiring specific resources, in specific places.

In a forthcoming paper, we zoom out on the global SDG financing landscape in order to zoom back in on country-specific contexts and gaps. In particular, we consider how much the world's governments are already spending on SDG-related issues every year, how spending varies across income levels, and how the spending patterns link to country-by-country estimates of needs.


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