When a Country Spends in Emergencies… as It Does in Normal Times

Illustration representing the burden of Guatemala's growing public debt and government spending on future generations of taxpayers.

Diego turned eighteen just a few weeks ago. Next year he will vote for the first time and, like thousands of young Guatemalans, he still doesn’t know where he will study, which company will give him his first job, or how much he will earn five years from now. What he hasn’t yet imagined is […]