Guatemalan Deficit Doubles

In the past 3 years, the fiscal deficit rose from $ 595 million in 2008 to $ 1,226 million in 2010.

Wednesday, November 10, 2010

The rapid growth of public spending was financed with more debt and bonds. Experts consulted by El Periódico noted that this scenario will force the next administration to push for a tax reform.

"The president of Banguat, Edgar Barquin, is optimistic that the next fiscal deficit be reduced to 2.5 percent of GDP in 2012 and 2.3 percent for 2013 and within 5 years to reach 1.7 percent."

More on this topic

Central American Fiscal Figures in Red

August 2013

The Central American Institute for Fiscal Studies has highlighted the unsustainability of the fiscal deficit in Costa Rica, El Salvador, Guatemala and Honduras. reports that "... according to the results of a report by the Central Institute for Fiscal Studies (Icefi) submitted yesterday ...

Costa Rica: Fiscal Deficit Less than 2% of GDP

June 2013

While up to May Finance revenue grew by 10% interannually, Central Government expenditure increased by 13.1%.

"Finance revenue grew by 10% interannually up to May, driven especially by the collection of income tax, tributes which recorded a growth of 11.7% in May," noted an article in

Guatemala's Debt, Manageable Now, is Unsustainable Long Term

April 2013

The president of the Bank of Guatemala, Edgar Barquin warned that "In a decade, the debt level will be critical."

Guatemala's foreign debt currently amounts to 25% of gross domestic product (GDP), and it appears to be far from the critical point, which is indicated by 40% of GDP.

Panama's Fiscal Deficit Doubles

February 2011

The deficit of the nonfinancial public sector rose from $ 252.6 million in 2009 to $ 511.7 million at the end of 2010.

Even though revenues increased by 9.7%, to $ 6,873.9 million, expenditures rose by 13.3%, to $ 7,385.7 million.

"The deficit represents 1.9% of the projected gross domestic product (GDP) under the 2010 budget ($ 26,728,000), staying within the guidelines of the Fiscal Social Responsibility Law, which last year allowed for a deficit up to 2.5%," reports the article in

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