Fiscal Policy based on evidence and use of “smart data” for the enhancement of equity and efficiency

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The purpose of this Technical Cooperation (TC) is to support improvements in the management, transparency, and design of fiscal policies in countries of the region, by prioritizing spending needs, improving tax structure and collection, and Strengthening the efficiency, equity and sustainability of public finances. Specifically, it aims to: (i) support and strengthen evidence-based policy formulation (EBP) to achieve greater efficiency and equity in fiscal policy (eg: (a) improve targeting of public expenditure and tax efficiency through modernization Of integrated fiscal and social information systems ("Digital and Smart Data"), allowing the crossing of administrative and registry information, and (b) improving strategic planning of public expenditure using social rates of return and impact assessments); (ii) implement Results Based Budgets (PbR), Medium Term Fiscal Frameworks (MPMPs), Medium Term Expenditure Frameworks (MGMPs) and other strategic public expenditure planning tools, identifying good regional and international practices, in particular those of the Republic of Korea; And (iii) promote dialogue with governments and organizations and disseminate knowledge and public policy recommendations.