1945

Trends in public social spending during the 1990s

The greater efforts made by Latin American countries to allocate more public resources to social sectors in the 1990s resulted in a sizeable increase (around 50%) in per capita social spending. Although much of this rise was due to the reactivation of economic growth, especially during the first half of the decade, it is significant that around two fifths of it stemmed from the reallocation of public revenues for social purposes and a smaller part, around one fifth, from increased resources for the public budget. As a result, the percentage of gross domestic product (GDP) devoted to social sectors climbed from 10.4% to 13.1%.

Related Subject(s): Economic and Social Development
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