Fiscal Panorama of Latin America and the Caribbean 2015: Policy space and dilemmas. Executive Summary
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.
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| Format: | Texto biblioteca |
| Language: | English |
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ECLAC
2015-03
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| Subjects: | POLITICA FISCAL, DESARROLLO ECONOMICO, ADMINISTRACION FISCAL, REFORMA TRIBUTARIA, GASTOS PUBLICOS, DISTRIBUCION DEL INGRESO, RECURSOS NATURALES, DEUDA PUBLICA, ADMINISTRACION PUBLICA, FISCAL POLICY, ECONOMIC DEVELOPMENT, TAX ADMINISTRATION, TAX REFORM, PUBLIC EXPENDITURES, INCOME DISTRIBUTION, NATURAL RESOURCES, PUBLIC DEBT, PUBLIC ADMINISTRATION, |
| Online Access: | https://hdl.handle.net/11362/37748 |
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