Central American Fiscal Figures in Red

The Central American Institute for Fiscal Studies has highlighted the unsustainability of the fiscal deficit in Costa Rica, El Salvador, Guatemala and Honduras.

Wednesday, August 14, 2013

Pensalibre.com reports that "... according to the results of a report by the Central Institute for Fiscal Studies (Icefi) submitted yesterday ... Guatemala, El Salvador, Honduras and Costa Rica find themselves with in unsustainable scenarios regarding public debt in the next few years. "

"... Ricardo Barrientos, an analyst at the research center, said there are at least six macroeconomic indicators which 'alert' them to this performance and eventually could lead to crises in the region because of non-payment of debt."

Neither Nicaragua nor Panama are in this condition. The ICEFI report stressed that the two countries "face an optimal scenario in sustainability of debt, driven by a higher rate of economic growth in both countries."

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In late 2013 the fiscal deficit will be 4% of GDP and public debt will have increased to around 58% of GDP.

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Costa Rican State Consumes 26% of GDP

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In relation to GDP, the expenses of the Costa Rican state are the highest in Central America.

This was revealed by a survey conducted by the Central American Institute for Fiscal Studies (Icefi). Second place is occupied by the Government of Panama with 23% of GDP followed by Guatemala which has one of the lowest with 15.1% of production.