Fitch: Latin American Sovereign Outlook 2009Friday, March 20, 2009 Fitch expects that Latin America’s real GDP will contract by 0.9% in 2009, with Brazil’s economy stagnating at best and Mexico contracting by over 2%. Latin American economies have recoupled with the crisis in the developed economies. Since September 2008, Latin American countries have been buffeted by stronger external headwinds, as evident from the fall in regional currencies and stock markets and from widening bond spreads. The Healthy and Sick Fiscal Deficits of Central AmericaMonday, December 9, 2013 While Nicaragua and Panama have sustainable levels of public debt, for El Salvador, Honduras and Costa Rica the prognosis is "reserved" . Recent analysis by the Central American Institute for Fiscal Studies (Icefi) reflects very different fiscal situations in each country. Panama Failing to Meet Fiscal Deficit TargetTuesday, November 1, 2011 While legally the fiscal deficit may reach as high as 3% during 2011, the government had announced that it would not exceed 2%, which now looks impossible to achieve. Tax revenues are not meeting the levels predicted at the beginning of the budget year, which seems likely to mean that Panama's fiscal deficit will go above the target of 2% of GDP set for the year World Bank, IDB, CAF: Now Everyone Knocks on Their DoorsMonday, April 13, 2009 In good times, multilateral lending agencies do not have too many customers. In times of crisis, everyone needs them. To continue to grow and not stagnate, Latin America needs foreign investment in an amount ranging from 5% to 6% of the GDP in the region. It is $200 billion, a figure too large for the current scope of these credit institutions. Less Economic Growth, More Fiscal DeficitMonday, May 27, 2019 The low dynamism in the commercial activity and in the construction, will influence so that in 2019 the growth of the Panamanian economy is of 4.5% and not 5%, which would result in a rise in the fiscal deficit. The Chamber of Commerce, Industry and Agriculture of Panama (Cciap) expects that by 2019 the country's economy will grow 4.5%, an estimate that is lower than that of the Ministry of Economy and Finance (MEF) which forecasts that economic growth will reach 5%. Panama: 2012 Fiscal Deficit is 2.1% of GDPTuesday, February 19, 2013 The deficit of the nonfinancial public sector was 2.1% of GDP at the end of fiscal year 2012, compared with a deficit of 2.2% of GDP in 2011. A statement from the Ministry of Economy and Finance reads: Statistics on Public Finances in 2017Wednesday, March 28, 2018 Panama's GDP grew by 5.4% in 2017, with transport, storage and communication activities standing out as the most dynamic, as a result of the Canal expansion. From a statement issued by the Ministry of Finance in Panama: Strike and Economic LossesFriday, September 14, 2018 Exporters resent the effects of five continuous days of demonstrations, blockades and widespread insecurity on the roads of Costa Rica. Before the strike, which was started a few days ago by unions representing the country's public institutions, the Chamber of Exporters of Costa Rica (Cadexco) denounced the fact that companies in the sector are facing multiple difficulties in exporting their products. Puerto Moín, the main outlet for exports, is only operating six hours a day, leaving close to 12,000 tons per day unable to be shipped, which is estimated to be equivalent to almost $10 million in daily sales abroad. Panama's Fiscal Deficit DoublesFriday, February 18, 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. Central America: Fiscal Outlook - April 2016Tuesday, April 19, 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): Panama: Tax Figures as of March 2017Friday, May 19, 2017 In the first quarter total expenditures in the non-financial public sector decreased by 12% compared to the same period in 2016. From a statement issued by the Ministry of Economy and Finance: Costa Rican State Consumes 26% of GDPThursday, September 19, 2013 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. The Unstoppable Public DebtThursday, September 13, 2018 "Public debt in terms of simple average for the Central American region will continue growing, reaching 43.1% of GDP in 2018, after having registered 42.5% in 2017." The Central American Institute of Fiscal Studies (Icefi) estimates that for the current year the size of public expenditure of the Central Government in relation to the respective Gross Domestic Product of each country will be 21.4% in Costa Rica, 20.4% in El Salvador, 20% in Honduras, 18.4% in Nicaragua, 17.6% in Panama and 12.1% in Guatemala. Fiscal Efficiency is Good For EveryoneMonday, July 3, 2017 The good functioning of the institution in charge of collecting taxes is vital for ensuring economic development, as it means that honest companies who comply with their fiscal obligations are not at a disadvantage to those who don't. EDITORIAL A Country Corseted by the Privileged FewWednesday, September 7, 2016 The 2017 budget drawn up by the government of Costa Rica is the result of an arithmetic exercise, where the political will of the Solis administration has barely reduced maintenance and has increased privileges in the dominant state corporations. EDITORIAL |
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