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Government at a Glance: Latin America and the Caribbean 2017

image of Government at a Glance: Latin America and the Caribbean 2017

This second edition of Government at a Glance: Latin America and the Caribbean provides the latest available data on public administrations in the LAC region and compares it to OECD countries. It contains new indicators on public finances, centres of government, regulatory governance, open government, digital government and public procurement. This edition also includes a special feature on health budgeting.

After a decade of sustained economic growth reinforced by high commodity prices, economic conditions are deteriorating in the LAC region. In this context, LAC governments are expected to design and deliver more inclusive, transparent  and efficient policies. This report provides policy makers with performance measurements and offers comparative perspective. Good indicators are needed more than ever to help governments make informed decisions and tough choices, in order to  maintain progress and improvements in the region.

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General government revenues

Revenues raised by governments are used to finance the provision of goods and services to citizens and businesses and carry out a redistributive role. The two main sources of government revenues are taxes and social contributions. The amount of revenues raised by governments is determined by multiple factors such as government policies, political institutions, the stage of economic and social development, the endowment of non-renewable natural resources, and macroeconomic conditions. While for a certain period of time, additional revenue requirements could be financed by acquiring debt, in the long run, revenues and expenditures should be balanced to guarantee the sustainability of public finances.

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