Revenue growth for subnational governments has been significant, with a notable increase over a two-year period. This growth is attributed to a key policy change. The World Bank has released a report detailing this development, emphasizing the need for efficient use of funds.

The report highlights the importance of translating revenue growth into improved living standards and poverty reduction. It urges governments to prioritize investments in human capital.

Further information on this topic is available from the World Bank's October update, which provides more details on revenue allocations and spending efficiency.