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Economic Survey of Latin America and the Caribbean 2002-2003

image of Economic Survey of Latin America and the Caribbean 2002-2003

The present edition of the Survey consists of three parts. The first part covers the main aspects of the regional economy from a sectorial and thematic perspective. The second part contains information of the analysis of the economic performance of the 19 countries of Latin America and the Spanish-speaking Caribbean and Haiti. The third part is dedicated to the remaining countries of the Caribbean, mainly English-speaking countries. Finally, the Survey offers two statistical appendixes, one of them contained in a CD-ROM distributed with the printed version.

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Jamaica

The budget deficit increased from 3.8% of GDP in fiscal year 2001-2002 to 7.7% in fiscal year 2002-2003 as a result of lower-than-budgeted fiscal revenues and a lax fiscal stance. The poor performance of fiscal revenues was mainly attributable to shortfalls in earnings from taxes on interest and, to a lesser extent, on dividends, the self-employment tax, corporate taxes, the bauxite/ alumina tax and international trade taxes.

English

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