Central America: Fiscal Outlook - April 2017

In 2016, the ratio between total expenditure of central governments of the countries of the region and GDP remained almost unchanged from the previous year, going from 18.3% to 18.6%.

Wednesday, May 3, 2017

From the report "Macroeconomic Profiles: 8th edition", from the Central American Institute of Fiscal Studies (Icefi): 

The Central American Institute for Fiscal Studies (Icefi) presented its most recent edition of the Macro-Fiscal Profiles of Central America, which contains an analysis of the fiscal situation of Central America and each of the countries of the region, at the end of fiscal year 2016, as well as the main lines contained in the budgets approved for 2017. The publication includes in this opportunity a revision to the main indicators related to the fulfillment of the Sustainable Development Objectives 2030 -ODS 2030- and raises the urgent need to make progress in a new fiscal agenda that allows the effective attention of these commitments in the short term.
 
The fiscal information of the Central American countries indicates that Costa Rica, El Salvador, Guatemala and Honduras are imbued in an effort to guarantee their fiscal sustainability, in the sense of avoiding an increase in the fiscal deficit and the balance of central government debt. In contrast, Nicaragua and Panama, at least with the available figures, seem to show that they still have more room for deepening the work of the public sector in their economies and in some dimensions, they could obtain more encouraging results in the fulfillment of the ODS2030.



More on this topic

Fiscal Outlook in Central America

February 2018

In one of the regions that receives the least amount of taxes in the world, the tax burden remained relatively stable in 2017.

From the section Fiscal Outlook for Central America, from the report "Macro-fiscal Profiles: 9th edition", by the Central American Institute of Fiscal Studies (Icefi):

Central America: Fiscal Outlook for 2017

January 2017

In 2016 the size of the governments in the Central American countries grew very little, the tax burden reached 14.3%, and the average fiscal deficit was about 2.8% of GDP.

From the department of Fiscal Outlook for Central America, from the report "Macrofiscal Profiles: 7th Edition", by the Central American Institute for Fiscal Studies (Icefi):

Central America: Fiscal Outlook - April 2016

April 2016

From 2014 to 2015 the size of central governments remained constant at an average 18.5% of gross domestic product (GDP).

From the introduction of the report: "Macrofiscal Profiles: 6th Edition" by the Central American Institute for Fiscal Studies (Icefi):

2015 proved to be a period of low tax advance for the Central American region.

Central America Fiscal Outlook

July 2015

With the exception of improvements in Nicaragua and Honduras, in the rest of the Central American countries problems in public finances range from latent in Panama and already serious in Guatemala, to critical in Costa Rica and El Salvador.

From the report "Macrofiscal Profiles: 4th Edition" by the Central American Institute for Fiscal Studies (Icefi):

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