Recurrent expenditure represents bulk of GDP year-on-year, says IDB

Tue, Oct 17th 2017, 11:22 AM

The Inter-American Bank (IDB) reported that government expenditures averaged 23 percent of GDP over the last five years, with 90 percent of that amount being recurrent expenditures. In its recently released Bulletin for the month of September, the report said that recurrent expenditures accounted for [...]
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