Upcoming presentation of the annual economic report on public finance and development

The study, in which a team of researchers from all countries in the region took part, puts forward arguments and evidence that explain the key role of public finance in fostering development with equity in Latin American countries.

The hypothesis proposed by the study is that there is a high level of interdependence between decisions having to do with taxes and spending and the generation of a virtuous circle that leads to the collection of more taxes, so allowing states to provide their populations with a larger number of public goods and of a better quality.

The report also analyzes different aspects of the functioning of fiscal systems in Latin American countries, such as tax structures, their share in revenues, levels of tax evasion, and the redistribution capacity of social spending programs and how efficient they are.

RED 2012 will be presented by CAF and analyzed by national authorities, experts, and specialists with the purpose of laying the foundations for a debate on the changes in public finance that, catering to the particular characteristics of each country, will help to generate consensuses with regard to possible paths of action in favor of higher and more inclusive growth.

The event is to be held in CAF’s Auditorium in the afternoon and will be attended by Bolivia’s Minister of Economy and Public Finance, Luís Arce Catacora, and CAF’s Director of Socio-economic Research, Pablo Sanguinetti.