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Estabilidad presupuestaria, transparencia y Concierto Económico Vasco

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Author Info

  • Roberto Fernández Llera

    (Universidad de Castilla-La Mancha)

Abstract

Budgetary Consolidation Scenarios in the period from 1992-2001 were the first attempt in order to coordinate regional borrowing in Spain. The Basque Country would join this system under the formula of bilateral agreements with the central government. The main novelty was delivered by the Spanish budgetary stability act in 2001 (amended in 2006) and the Basque Economic Agreement in 2002, both derived from the European Stability and Growth Pact. This paper proposes a transparent model of bilateral relationship between the Basque Country and the Spanish central government in order to negotiate budgetary stability objectives, so that they can be compatible with the financial autonomy of the Basque Economic Agreement and a multilateral framework for the regional governments as a whole.

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File URL: http://www.ogasun.ejgv.euskadi.net/r51-k86aekon/es/k86aEkonomiazWar/ekonomiaz/downloadPDF?R01HNoPortal=true&idpubl=65®istro=974
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Bibliographic Info

Article provided by Gobierno Vasco / Eusko Jaurlaritza / Basque Government in its journal EKONOMIAZ.

Volume (Year): 70 (2009)
Issue (Month): 01 ()
Pages: 356-387

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Handle: RePEc:ekz:ekonoz:2009120

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Postal: Dpto. de Hacienda y Finanzas, Gobierno Vasco, C/Donostia-San Sebastián, 1, 01010 Vitoria-Gasteiz, Spain
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Related research

Keywords: financial autonomy; budgetary stability; transparency; Basque Economic Agreement;

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Cited by:
  1. Roberto Fernández Llera & Carlos Monasterio Escudero, 2010. "¿Entre dos o entre todos? Examen y propuestas para la coordinación presupuestaria en España," Hacienda Pública Española, IEF, vol. 195(4), pages 139-163, december.

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