Agreement makes future gas demand, prices, and associated public revenues uncertain. We assess the prospects for natural gas … production and public revenues from royalties and taxation of gas production in Latin American and the Caribbean under different … zero-carbon sources. Cumulative public revenues from natural gas extraction by 2035 range between 42 and 200 billion USD …

that public investment is a function of oil revenues. The paper develops a simple two-sector model featuring some key … the current fiscal rule, by linking public investment to all government revenues and not only to oil revenues, would … of the adopted specific fiscal policy rule related to oil revenues. We focus on the particular case of Ecuador, where a …

The paper aims at identifying the impact of public finance crisis on the changes in both level and structure of public … reduced due to increasing public finance imbalances. The paper is composed of two parts. The first one discusses the problems … of increasing imbalances in the public finances. The second one outlines changes in the structure of public expenditure …