1945

Introduction

Since the public resources allocated to social sectors have significant distributive effects, ECLAC has highlighted three general objectives in relation to such spending: (i) intensifying efforts to raise the level and consolidate the recovery of social expenditure in the region, especially in those countries where it is still very low, both in absolute (per capita) terms and in relation to the gross domestic product (GDP); (ii) stabilizing its financing to forestall the serious adverse effects of spending cuts during economic downturns; and (iii) increasing its efficiency and positive impact, particularly for those components directed to vulnerable or poor groups.

Related Subject(s): Economic and Social Development
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