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Estabilidad presupuestaria, transparencia y Concierto Económico Vasco

Author

Listed:
  • 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.

Suggested Citation

  • Roberto Fernández Llera, 2009. "Estabilidad presupuestaria, transparencia y Concierto Económico Vasco," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 70(01), pages 356-387.
    • Handle: RePEc:ekz:ekonoz:2009120
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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 / Review of Public Economics, IEF, vol. 195(4), pages 139-163, december.

    More about this item

    Keywords

    financial autonomy; budgetary stability; transparency; Basque Economic Agreement;
    All these keywords.

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • H74 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Borrowing
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism

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