Abstract
In 2012, the fiscal balances of the region’s countries deteriorated relative to 2011, mainly because of public spending growth. In Latin America, primary balances (before interest payments on the public debt) averaged a deficit of 0.3 percentage points of GDP, as compared to a surplus of 0.2 percentage points in 2011, while overall balances (including interest payments) yielded a negative result of 2 percentage points of regional GDP (see table II.1 and the statistical annex).
Full Text 
Sign-in/Register to access full text options
Sign-in/Register to access full text options 
Published version (
Free)
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
