IMF Says Controlling Virus Can Raise $1 Trillion in Tax Revenue

April 7, 2021, 12:00 PM

The economic growth from controlling the global pandemic in all countries via vaccination would generate more than $1 trillion in additional tax revenue in advanced economies by 2025, underlining the benefit of investing in shots, according to the International Monetary Fund.

Nations should continue to spend to support health-care systems and households until Covid-19 spread is curbed globally and the economic recovery strengthens, the IMF said in its Fiscal Monitor report released on Wednesday.

Vaccination will “more than pay for itself, providing excellent value for public money invested in ramping up global vaccine production and distribution,” the IMF said.

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