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

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

Corporate author: NU. CEPAL Physical Description: 85 p. Editorial: ECLAC Date: April 2016 ECLAC symbol: LC/L.4140

Description

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.