Public Expenditure in Latin America Trends and Key Policy Issues

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...

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Bibliographic Details
Main Author: Clements, Benedict
Other Authors: Faircloth, Christopher, Verhoeven, Marijn
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2007
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Capital investments 
653 |a Total expenditures 
653 |a Public investment spending 
653 |a Public finance & taxation 
653 |a Other Public Investment and Capital Stock 
653 |a National Government Expenditures and Related Policies: General 
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653 |a Expenditures, Public 
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520 |a 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