Oil-Exporting Nations Struggle to Fund Vital Services as Revenue Lags Potential
Governments aim to boost economic growth by collecting enough revenue, but many developing countries fall short. A study looked at 22 countries from 2004-2017 to see what affects government revenue. They found certain economic factors play a big role. Some countries struggle to bring in enough money, despite their economic performance. Oil-exporting and importing nations especially face challenges in funding their expenses.