Fiscal Panorama of Latin America and the Caribbean 2016: Public finances and the challenge of reconciling austerity with growth and equality

1 April 2016 | Publication

Work area(s)

Economic development

Topic(s)

Fiscal affairs Macroeconomics

Fiscal Panorama of Latin America and the Caribbean 2016: Public finances and the challenge of reconciling austerity with growth and equality

- Publication corporate author (Institutional author): NU. CEPAL
- Physical description: 85 páginas.
- Publisher: ECLAC
- UN symbol (Signature): LC/L.4140
- Date: 1 April 2016

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Abstract

Latin America’s fiscal accounts deteriorated slightly during 2015, registering an average deficit of 3.0% of GDP and average gross public debt of 34.7% of GDP. Of the 19 countries considered, the fiscal deficit and public debt as a share of GDP both increased in 11. The region started to build up public debt, most of it domestic, after the 2008 international financial crisis to meet the growing financing needs resulting from the worsening growth situation.

Table of contents

  • Foreword
  • I. Overview of public finance in Latin America and the Caribbean
  • II. Evaluation of recent tax reforms
  • III. Tackling the heart of the problem: tax evasion.

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SDG(s)

1. No poverty 10. Reduce inequalities 8. Decent work and economic growth 17. Partnership for the goals

Related project(s)

CEPAL-AECID