A round-up of public finance news stories from the Latin America & the Caribbean you might have missed this week (September 9-13).

US Supreme Court to consider Argentina's appeal in sovereign debt case

The US Supreme Court will hold a private meeting on September 30 to consider whether to hear Argentina’s appeal in a clash affecting billions of dollars in defaulted debt. Justices are reviewing a decision by a US federal appeals court that requires Argentina to pay holders of defaulted bonds if the country makes payments on other, restructured, debts. (Merco Press)

Record budget presented to Trinidad parliament

Finance Minister Larry Howai presented a TT$61.3bn ($9.8bn) budget to Parliament outlining new tax measures and a host of incentives to further spur an economy that he expects to grow by 1.6% this year. (Carribean360.com)

Cayman Islands accounts in for audit, but publication delay likely

Although the Cayman Island’s government has once again announced that all of its agencies have submitted their accounts to the Office of the Auditor General by the August 31 deadline, it is still a long way from publishing its public sector financial report on time. (Cayman News Service)

Brazil may be spending its way towards a downgrade

Brazil's finances are set to deteriorate substantially next year, leaving the government with few options to revive a sputtering economy and raising the threat of a credit downgrade, economists warn. (Reuters)

Argentina, Uruguay and Venezuela fall dramatically in competitiveness rankings

The World Economic Forum Competitiveness report has found Latin America has lost ground in the world economy over the last year, with the three countries that fell most in the rankings Venezuela, Argentina and Uruguay. (Merco Press)