strategy

Improving savings

Synonyms:
Growing savings
Encouraging saving
Description:
Among the factors determining the rate of economic growth, the capacity to save and to invest has long been considered one of the most important. The surplus of production over consumption creates the basis for the augmentation of future output. The lack of resources for investment has thus been identified as a principal constraint to economic and social growth; policy prescriptions are often been concerned with means of raising the rate of saving.
Facilitates:
Investing savings
Problems:
Inadequate savings
Type Classification:
C: Cross-sectoral strategies
Related UN Sustainable Development Goals:
GOAL 2: Zero HungerGOAL 11: Sustainable Cities and CommunitiesGOAL 17: Partnerships to achieve the Goal