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Public Expenditure in Latin America: Trends and Key Policy Issues

Public Expenditure in Latin America: Trends and Key Policy Issues by Benedict J. Clements
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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.
International Monetary Fund; February 2007
34 pages; ISBN 9781452710778
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Title: Public Expenditure in Latin America: Trends and Key Policy Issues
Author: Benedict J. Clements; Christopher Faircloth; Marijn Verhoeven
 
ISBNs
145191038X
9781451865851
9781451910384
9781452710778