Caribbean & Central America - April 2011 (ISSN 1741-4458)

The Fernández government is preparing a statement of intent for the IMF, ahead of the fifth and sixth revision of its Stand-By Arrangement (SBA) scheduled for June. The IMF had made recommendations regarding the 2011 State budget which Fernández has already indicated would include some austerity measures. The government has pledged to increase its revenue by 1.5 to 2 percentage points of GDP by 2013, through adjusting current tax rates and addressing tax evasion. The tax burden is set to increase from its current 12.9% to match the 15% achieved in 2008.

End of preview - This article contains approximately 94 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial