fiscal balance |

fiscal balance latest publications

Mexico | Economic recovery by reducing the income tax rate for low-income taxpayers

Despite the reduced fiscal space, we consider it desirable to boost private consumption and, by the same token, aggregate demand by reducing the target for the 2019 primary balance to 0.5% of GDP.

Uruguay Economic Outlook. First half 2019

Uruguay is focused on elections, with necessary structural reforms taking a back seat.

Mexico | Higher oil prices in 2017 helped to improve the fiscal and external balances

Although we predict that crude oil prices will continue to recover this year and beyond, a substantial improvement in these balances will only be achievable in the medium term if the following factors remain: i) strong performance of tax revenues; ii) strict discipline over public spending; and iii) the impulse derived from the manufacturing export sector.