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CEPAL Review

Cepal Review is the leading journal for the study of economic and social development issues in Latin America and the Caribbean. Edited by the Economic Commission for Latin America, each issue focuses on economic trends, industrialization, income distribution, technological development and monetary systems, as well as the implementation of economic reform and transfer of technology. Written in English and Spanish (Revista de la Cepal), each tri-annual issue offers approximately 12 studies and essays undertaken by authoritative experts or gathered from conference proceedings.

English Spanish

Public expenditure in Latin America: Trends and key policy issues

This article examines trends in public 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 spending, finding that primary expenditures as a share of gross domestic product have trended upward for the past ten years, driven by increases in current spending, in particular for social expenditures. Fluctuations in real spending have continued to follow a pro-cyclical pattern. The authors conclude that there is substantial scope to improve the efficiency of public investment, public employment and social spending.

English Spanish

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