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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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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.

Suggested Citation

  • -, 2016. "Fiscal Panorama of Latin America and the Caribbean 2016: Public finances and the challenge of reconciling austerity with growth and equality," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 40090 edited by Eclac.
    • Handle: RePEc:ecr:col016:40090
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    File URL: http://repositorio.cepal.org/handle/11362/40090
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    3. Luca Barbone & Mikhail Bonch-Osmolovskiy & Grzegorz Poniatowski, 2015. "Study to quantify and analyse the VAT GAP in the EU member states," CASE Network Reports 0124, CASE-Center for Social and Economic Research.
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    5. Gómez Sabaini, Juan Carlos & Jiménez, Juan Pablo & Rossignolo, Darío, 2012. "Imposición a la renta personal y equidad en América Latina: nuevos desafíos," Macroeconomía del Desarrollo 5351, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
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    Cited by:

    1. Bidegain Ponte, Nicole, 2017. "The 2030 Agenda and the Regional Gender Agenda: Synergies for equality in Latin America and the Caribbean," Asuntos de Género 41200, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    2. -, 2016. "Economic Survey of Latin America and the Caribbean 2016: The 2030 Agenda for Sustainable Development and the challenges of financing for development," Estudio Económico de América Latina y el Caribe, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 40327 edited by Eclac, September.
    3. -, 2017. "Fiscal Panorama of Latin America and the Caribbean 2017: Mobilizing resources to finance sustainable development," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 41047 edited by Eclac.
    4. -, 2016. "CEPAL Review no. 120," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.

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