Public savings and deficit financing
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America 1955 , pp 152-168
- Publication Date: December 1955
- DOI: https://doi.org/10.18356/fbd0e243-en
- Language: English
The post-war growth of the public sector in Latin America has been accompanied by accumulated budget deficits which in almost all countries have tended to exceed occasional surpluses and which in some have had profound inflationary repercussions. This trend is a result of the disparity in the growth of government revenue and expenditure. That of fiscal revenue has been irregular and strongly influenced by fluctuations in exports and in the level of economic activity; government expenditure has tended to expand more steadily throughout most of the post-war period.
© United Nations
ISBN (PDF):
9789210583589
Book DOI:
https://doi.org/10.18356/9e5328fd-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
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