The IMF projects Latin America’s government deficit to rise to 4.6% of GDP in 2023

He International Monetary Fund (IMF) projects that budget deficit from Latin America will rise to 4.6% of regional GDP in 2023 from 3.4% recorded last year and remain at this level in 2024.

According to a report from the financial watchdog agency published this Wednesday, the government deficit Brazil It will rise from 3.1% of GDP in 2022 to 7.1% this year and fall to 6% next year.

IN Mexico this year will fall by four-tenths compared to 2022, to 3.9%, but will rise again in 2024 to 5.4%. Argentina The budget deficit will rise to 4% of GDP in 2023 (3.8% in 2022) and 6% in 2024.

The IMF report also points to an increase in global government debt in 2023 due to pressures USA (USA) and China, as well as the economic downturn, rising interest rates and growing budget deficits.

However, in Latin America That duty It will remain nearly stable, registering a slight rise of one-tenth in 2023 until it reaches 68.5% of GDP, and rebound by another tenth in 2024, when it is expected to reach 68.7%.

You might be interested > Tax collection increased by 8.9% annually in the first 9 months of 2023.

In Argentina, public debt, which reached 84.7% of GDP in 2022, will rise to 89.5% this year.

In Brazil it will also increase from 85.3% of GDP in 2022 to 88.1% in 2023, while in Mexico it will decrease from 54.1% of GDP in 2022 to 52.7% this year.

(EFE)

Source: Aristegui Noticias

follow:
\