RIO DE JANEIRO, BRAZIL - The loss of revenue and the increase in public spending to tackle the Covid-19 pandemic will push Central America's average fiscal deficit to 6.6% of gross domestic product (GDP) in 2020, the Central American Institute for Fiscal Studies (ICEFI) said on Monday.
Such conclusion is drawn from Central America's macro-fiscal profile, prepared by ICEFI, which also highlights that 2021 is a "year without much reason to celebrate" in the region.
Deficit increased from 2.9% in 2019 to 6.6% of GDP last year, as a result of the impact caused . . .