AN EXAMINATION OF PUBLIC SECTOR FINANCES IN CENTRAL AMERICA

Glenn Jenkins () and Carlos Gutierrez

No 1988-01, Development Discussion Papers from JDI Executive Programs

Abstract: This paper examines the public sector finances of four Central American Countries in terms of revenues, expenditures and deficits for the period of 1980 to 1986. The large central government deficits are a reflection of the steady growth of current expenditures, including rising public sector debt service payments, increases in military spending, and transfer to other levels of government. The prevailing tax structures have not been able to increase revenues adequately. Furthermore, they are the source of serious distortions in the allocation of productive resources. Comprehensive tax reform is advocated for all of the countries to give them the fiscal foundation to carry out their public sector obligations.

Keywords: public sector; financing; Central America (search for similar items in EconPapers)
JEL-codes: H50 (search for similar items in EconPapers)
Pages: 40 pages
Date: 1988-10
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Persistent link: https://EconPapers.repec.org/RePEc:qed:dpaper:72

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