IMF Working Papers

A New Action-based Dataset of Fiscal Consolidation in Latin America and the Caribbean

By Antonio David, Daniel Leigh

April 26, 2018

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Antonio David, and Daniel Leigh. A New Action-based Dataset of Fiscal Consolidation in Latin America and the Caribbean, (USA: International Monetary Fund, 2018) accessed December 4, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

This paper presents a new database of fiscal consolidations for 14 Latin American and Caribbean economies during 1989-2016. We focus on discretionary changes in taxes and government spending primarily motivated by a desire to reduce the budget deficit and long-term fiscal health and not by a response to prospective economic conditions. To identify the motivation and budgetary impact of the fiscal policy changes, we examine contemporaneous policy documents, including Budgets, central bank reports, and IMF and OECD reports. The resulting series can be used to estimate the macroeconomic effects of fiscal consolidation for these economies

Subject: Expenditure, Fiscal consolidation, Fiscal policy, Public debt, Revenue administration

Keywords: Article IV, Capital expenditure, Caribbean, Estimated tax, Excise tax, Expenditure cut, Fiscal consolidation, Fiscal policy, Government expenditure, Income tax, Mining taxation reform, Mining taxation regime, Tax measure, Tax package, Tax reform, Taxation, WP

Publication Details

  • Pages:

    67

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2018/094

  • Stock No:

    WPIEA2018094

  • ISBN:

    9781484353059

  • ISSN:

    1018-5941

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