españolGuatemala: No Fiscal Reform in 2010Thursday, July 29, 2010 The government will not insist on the approval of tax reform this year due to the current fiscal defecit. Édgar Balselles, recently appointed Minister for Public Finances, announced the decision. Panama: Fiscal Deficit Kept in CheckWednesday, February 15, 2012 In a context of increasing physical investment by the state, the fiscal deficit of 2011 was 2.3% of GDP, far from the 3% limit set by law. Panama's fiscal deficit in 2011 was 2.3% of GDP, or $703.1 million, a figure that is within the scope of the goal to not go over 3% of GDP. The Best Economics Vaccine: Containing the Fiscal DeficitMonday, August 6, 2012 In light of the European crisis and slow growth in the U.S., the best protection for Latin American countries is macroeconomic discipline. Although it is believed that regional banks are "solid, liquid and stable," the recommendation for Latin America to avoid or at least mitigate the inevitable effects of the economic crisis in Europe and the slow recovery of the U.S., is to keep a lid on fiscal deficit. Costa Rica Ends 2011 With Fiscal Deficit of 5.6%Tuesday, December 13, 2011 This will be the second consecutive year that Costa Rica has the highest fiscal deficit in the region. The International Monetary Fund states that the difference between revenues and expenditures of the government of Costa Rica at the end of 2011 amounted to 5.6% of GDP. The Finance Minister Fernando Herrero said that this deficit is 5%. 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. Costa Rica: Another Warning Over Fiscal DeficitWednesday, October 5, 2016 Standard & Poor's cites persistent difficulties in approving a fiscal reform in the short term, given the political fragmentation that exists in the Legislature. Analyst Joydeep Mukherji said "... two previous governments have tried to make a fiscal reform and failed and that the government of Luis Guillermo Solis has had difficulty convincing the Legislative Assembly ...". Fusades: El Salvador Could Lose the Stand-by AgreementFriday, November 18, 2011 Failure to meet macroeconomic goals set by the IMF for 2011 would jeopardize the precautionary facility that has been negotiated. The Salvadoran Foundation for Economic and Social Development (Fusades) has recommended the Government on several occasions to adjust the budget and make a fiscal pact. El Salvador: Fiscal Deficit to Reach 4% of GDPThursday, November 15, 2012 Projections by the Ministry of Finance are that the fiscal deficit of El Salvador will be $958 million at the end of the year, or 4% of GDP. Commenting on the subject the technical secretary of the presidency, Alexander Segovia, said they are expecting a smaller deficit at year end, "I can assure you that it will be less than the 4% that is being predicted". Panama Increases the Limit of the Fiscal DeficitWednesday, June 24, 2009 The approved law increases the limit of the deficit budget up to 3% of GDP beginning this year. The new legislation establishes a gradual reduction of the deficit over the next four years, which would go from 3% in the first year, 2% in the second year, 1.5% in the third year, and 1% in the fourth year. A Cry in the Fiscal Night for Costa RicaWednesday, October 8, 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 Guatemalan Deficit DoublesWednesday, November 10, 2010 In the past 3 years, the fiscal deficit rose from $ 595 million in 2008 to $ 1,226 million in 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. Central American Fiscal Figures in RedWednesday, August 14, 2013 The Central American Institute for Fiscal Studies has highlighted the unsustainability of the fiscal deficit in Costa Rica, El Salvador, Guatemala and Honduras. 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. " Fiscal Deficit Continues to Increase in Costa RicaThursday, May 26, 2011 The fiscal deficit increased by 26.5% in the first 4 months of the year and has reached $733.3 million. The amount is equivalent to 1.8% of Gross Domestic Product (GDP). In the same period in 2010, the amount was $579.8 million. New Proposals to the Salvadoran Fiscal DeficitMonday, September 19, 2011 Private business leaders have proposed freezing the hiring of public employees and broadening the tax base to include informal businesses, among other measures. The National Association of Private Enterprise (ANEP), also suggests that the Executive reduce public expenditure by up to 10% on the purchase of goods and services. Costa Rica's Fiscal Deficit Highest in the RegionTuesday, December 14, 2010 The Central Government's fiscal deficit in 2010 represented 5.2% of production. Besides being the highest, it is twice the regional average. |
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