Governments have been
focussing on Tax as a primary source of fund generation. Because of the nature
of taxation, there are severe issues in the two primary kind of taxes – the
direct taxes and the indirect taxes. There has been many discussions on how
indirect taxation distorts the economy and how direct taxation is
discriminatory in nature as many are outside the purview of direct taxes.
However, as we move into an
era of ever expanding demands on the government to deliver, the pressures for
fund generation has been spiralling up. This has been accentuated by voters’
comparisons between the private sector’s ability to deliver personalized
services to a large number of people versus the Government’s inability to do
the same.
An interesting outcome of
such a dynamics is the ability to transform the government from a primarily Tax
Oriented Government (TOG) to a Service Oriented Government (SOA), and in the
process, unlock very significant economic values that are trapped in various
kinds of physical and non-physical assets that are owned by the government.
This is the journey towards
the Next Generation Government (NGG).
Next Generation Governance is an evolutionary step
towards a more efficient, inclusive and participative government through
adoption of a set of new trends in business models, operational models,
financial models and technological models for achieving Outcome based
Governance
Economic value is trapped in
assets such as spaces, impact zones, monopolistic data and ability to create
wealth by marrying appropriate policy with capital, in a manner that private
sector is not in a position to do. Unlocking the economic values through a
combination of appropriate policies and development of a Service Oriented
Administration will unlock the economic values of these Government owned
assets, leading to creation of very significant non-Tax revenues.
No comments:
Post a Comment