1945

Impact of the crisis and trends in social expenditure during periods of strong or weak economic growth

In those years of the past decade in which economic growth was strong, most of the Latin American countries managed to increase social expenditure, both as a share of the public budget and as a percentage of GDP. Likewise, thanks to the measures taken by a number of countries to protect it, social expenditure did not decline as a result of the economic slowdown and reduced flexibility of the public budget of the last few years.

Related Subject(s): Economic and Social Development
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