Fiscal Small Reforms: Big Results
News Context
At a glance
- Outdated and inefficient tax and fiscal systems are holding back development and driving up deficits and debt across Latin America and the Caribbean.
- WASHINGTON, DC – Despite decades of progress in many areas, persistent structural weaknesses that impede effective tax collection and public spending continue to hurt economic growth and development...
Outdated and inefficient tax and fiscal systems are holding back development and driving up deficits and debt across Latin America and the Caribbean. While some call for painful austerity measures, small-scale fixes like digitalization and well-designed delivery mechanisms offer a more politically viable path.
WASHINGTON, DC – Despite decades of progress in many areas, persistent structural weaknesses that impede effective tax collection and public spending continue to hurt economic growth and development across Latin America and the Caribbean (LAC).