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Fiscal revenues from non-renewable natural resources (Benítez)

Special Feature – Fiscal revenues from non-renewable natural resources in Latin America and the Caribbean – Revenue Statistics in Latin America and the Caribbean 2020 by Noel Pérez Benítez – CEPAL, OECD, CIAT Santiago, Chile (7/2020).

 

“A rebound in international oil prices bolstered oil and gas revenues in LAC in 2018, especially those derived from royalties

The impact of higher prices in 2018 on hydrocarbons revenues at the country level was unequal

CIT mining revenues, which predominate in LAC, continued to rise in 2018 as favorable price dynamics boosted profitability

Higher mining revenues in LAC largely reflected strong increases in Chile and Peru during 2018

Fiscal revenues from non-renewable natural resources are estimated to slide in 2019, with a further decline likely in 2020”

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