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Fiscal Panorama of Latin America and the Caribbean 2015: Policy space and dilemmas. Executive Summary

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  • ECLAC

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Abstract

The present document provides an up-to-date overview of public debt and fiscal space in the region. The main conclusions show that public debt levels are low in Latin America and high in the Caribbean. Overall, the region has enough fiscal space to apply countercyclical policies and boost production development and the fiscal management of non-renewable natural resources needs to be modernized. It explains that fiscal policy has a very limited impact on the distribution of disposable income and in a volatile macroeconomic environment, reforms should aim to strengthen personal income tax.

Suggested Citation

  • -, 2015. "Fiscal Panorama of Latin America and the Caribbean 2015: Policy space and dilemmas. Executive Summary," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 37748 edited by Eclac, March.
    • Handle: RePEc:ecr:col016:37748
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    File URL: http://repositorio.cepal.org/handle/11362/37748
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    Citations

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    Cited by:

    1. Bonomo, Umberto & Brain, Isabel & Simioni, Daniela, 2015. "Policies on access to housing," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 39687.
    2. Cunill-Grau, Nuria & Repetto, Fabián & Bronzo, Carla, 2015. "Coordinating sectors and institutions for building comprehensive social protection," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 39692.
    3. Vargas, Luis Hernán, 2015. "Disaster response challenges for social protection systems," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 39688.
    4. Cecchini, Simone & Filgueira, Fernando & Martínez, Rodrigo & Rossel, Cecilia, 2015. "Rights and the life cycle: reordering social protection tools," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 39681.
    5. Filgueira, Fernando, 2015. "Models of development, the welfare State matrix and Latin American social policy tools," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 39682.
    6. Maldonado Valera, Carlos, 2015. "Building compacts for social protection," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 39691.
    7. -, 2015. "CEPAL Review no. 117," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    8. Cecchini, Simone & Rico, María Nieves, 2015. "The rights-based approach in social protection," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 39690.
    9. Rossel, Cecilia & Rico, María Nieves & Filgueira, Fernando, 2015. "Early childhood and childhood," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 39683.
    10. -, 2015. "Towards universal social protection: Latin American pathways and policy tools," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 39484 edited by Eclac.
    11. Rossel, Cecilia & Filgueira, Fernando, 2015. "Adolescence and youth," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 39684.
    12. Rossel, Cecilia & Filgueira, Fernando, 2015. "Working and reproductive years," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 39685.
    13. Filgueira, Fernando & Martínez, Rodrigo, 2015. "Financing and investment for social protection," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 39694.
    14. Rossel, Cecilia & Filgueira, Fernando, 2015. "Old age," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 39686.
    15. Martínez, Rodrigo, 2015. "Monitoring and evaluation of social protection policies and programmes," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 39693.

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