Fiscal Outlook in Central America

"Fiscal accounts for 2015 anticipate an additional burden of concerns about the sustainability of the public finances of the governments of the region."

Wednesday, April 1, 2015

From a report entitled "Macrofiscal Profiles: 3rd Edition" by the Central American Institute for Fiscal Studies (Icefi):

The close of fiscal year 2014 has left more uncertainties than certainties in the current panorama for Central America. Fiscal accounts for 2015 anticipate an additional burden of concerns about the sustainability of the public finances of the governments in the region: low tax revenue growth; public expenditure which is anchored to the possibilities of indebtedness; public debt continues which to accrue.

These are the elements which should be forcing Central American society to discuss an urgent reform agenda for sustainability and adequacy of fiscal policy.

Read here the full report.

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