Racial Equity Budgeting: A Powerful Tool to Reduce Inequalities
Inter-American Development Bank
MARCH 8, 2024
In the United States for example, the wealth gap between whites and blacks is expected to cost a projected GDP penalty of 4 to 6 percent in 2028 from lost consumption and investment (Noel and others 2019). Racial equity budgeting tools allow governments to identify gaps and analyze the impact of spending on different racial groups.
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