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Public Expenditure in Latin America :, Trends and Key Policy Issues, Benedict Clements, Christopher Faircloth, Marijn Verhoeven

Abstract
This paper examines trends in government spending in Latin America from the mid-1990s to 2006. It also examines key policy issues, including the cyclicality of spending, public investment, public employment, and social expenditures. It finds that primary expenditures have trended upward for the past ten years as a share of GDP, driven by increases in current spending, in particular for social expenditures. Fluctuations in real spending have continued to follow a procyclical pattern. The paper finds that there is substantial scope to improve the efficiency of public investment, public employment, and social spending
Table Of Contents
Contents; I. Introduction; II. Trends in Public Spending; A. Overview of Aggregate Fiscal Trends; Figures; 1. Fiscal Trends; B. Trends in Government Expenditure; 2. Primary Public Spending by Region; 3. Initial Primary Spending Levels (1995) and Increases (1995-2006); 4. Real GDP, Revenues, and Primary Spending; 5. Public Sector Expenditures; 6. Average Public Sector Capital Spending; 7. Trends in Social Spending; III. Key Expenditure Policy Issues; A. The Cyclicality of Government Spending; Tables; 1. Estimates of the Short-Run Response of Spending to Output Shocks
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (36 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781462362905

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