From a report issued by the Central Institute for Fiscal Studies:

Fiscal transparency is a key element to ensure that tax revenues from the extractive industries translate into improvements in the quality of life of the population. Internationally there are numerous initiatives to promote fiscal transparency in the extractive industries, among which are: EITI, Publish What You Pay, Country by Country Reporting, Governance Index Resources (IGR), among others.

The IGR is a tool that evaluates transparency and accountability in the sector, considering four aspects: legal and institutional environment, practices, access to information, safeguards and quality controls and governance conditions, according to internationally accepted rules.

Read the full report here.

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Costa Rica's Fiscal and Political Sickness

October 2016

The ICEFI points to a "chronic political inability to achieve comprehensive fiscal agreement" which is jeopardizing the sustainability of the state in the medium and long term.

From a statement issued by the Central Institute for Fiscal Studies (Icefi):

Honduras Now Has Fiscal Responsibility Law

April 2016

The National Congress approved in a third and final debate a law that sets limits on the country's fiscal deficit and creates a new governing body for its macro fiscal policy.

From a statement issued by the National Congress of Honduras:

Tegucigalpa - The National Congress approved on a third and final debate, the whole of the Law on Transparency and Accountability, sent by the Executive and favorably dictated by a special commission, which includes topics such as putting a ceiling on current spending, public borrowing, staffing and establishing sanctions, among other issues.

A Cry in the Fiscal Night for Costa Rica

October 2014

"The defense and strengthening of the rule of law requires, as a starting point, enabling sound public finances. The rest is verbal pyrotechnics." Otton Solis.

EDITORIAL

Costa Rica is subject to a rare political situation, where the founder of the party in power and his first deputy, defends rationality as a tool of governance and for managing public finances, in the face of voluntarism in the matter on the part of the Executive, which adds more risk to the serious threat of the fiscal deficit inherited from previous governments, presenting a budget that increases state expenditures by 14%.

Financial Sustainability of the State in Guatemala

October 2014

"Net contributors are providing less and less taxes in relation to the services they receive, while net receivers are demanding more and more benefits compared to what they provide."

Despite the relatively small size of government relative to the economy, a factor which some international analysts point to as a factor which undermines a country's development, "...