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Latin American Economy & Business - March 2015 (ISSN 1741-7430)
Region: Everyone wants a little more fiscal space
Times are relatively hard for a number of regional economies. To differing degrees, commodity and hydrocarbons exporters have experienced falling revenues and fiscal imbalances. Yet a new report by the UN’s Economic Commission for Latin America and the Caribbean (ECLAC) has a rather reassuring message. Public debt levels are low, and the region has “enough fiscal space to apply countercyclical policies and boost production development”, it argues. However, the report, entitled ‘Fiscal Panorama of Latin America and the Caribbean 2015: Policy space and dilemmas’, does draw attention to the fact that income tax in Latin America is a very weak instrument and needs to be reformed.
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- Argentina: Government battles global banks
- Region: Corporación Andina de Fomento goes for growth
- Mexico: Big shake up – or same old programmes?
- Peru: Tía María still facing opposition
- Region: Everyone wants a little more fiscal space
- Chile: Trouble comes in threes
- Brazil: Tough outlook for industry
- Cuba: What next for the banking sector?
- Bermuda: Off the floor in 2015?