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Posición cíclica, saldos estructurales y escenario presupuestario del País Vasco en el horizonte 2015

Author

Listed:
  • Alberto Alberdi Larizgoitia

    (Dirección de Economía y Planificación. Gobierno Vasco)

  • Arantza Olalde Maguregui

    (Dirección de Economía y Planificación. Gobierno Vasco)

  • María Paz Rojo Porras

    (Dirección de Economía y Planificación. Gobierno Vasco)

Abstract

This article focuses on the importance of the budgetary policy in the macroeconomic stabilization and the conditions that must be met in order to guarantee the sustainability of public finances. The first section reviews from the very start the evolution of stability in Europe and Spain, and the current statutory context of the C.A.E (Autonomous Community of the Basque Country). The second section analyses the cyclical position of the Basque economy and the breakdown of the budgetary balances in its structural and cyclical components in accordance with the output gap. Finally, the article considers the stages of economic growth and the objectives of the Basque public sector on the horizon 2015, and the sustainability of public finances in this period is studied.

Suggested Citation

  • Alberto Alberdi Larizgoitia & Arantza Olalde Maguregui & María Paz Rojo Porras, 2010. "Posición cíclica, saldos estructurales y escenario presupuestario del País Vasco en el horizonte 2015," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 73(01), pages 276-315.
    • Handle: RePEc:ekz:ekonoz:2010114
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    Citations

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    Cited by:

    1. Francisco Pérez García & Vicent Cucarella Tormo, 2013. "Determinantes de las diferencias entre CC. AA. en la evolución del déficit y el nivel de endeudamiento," Working Papers. Serie EC 2013-04, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).

    More about this item

    Keywords

    sustainability of the public finances; output gap; structural balance;
    All these keywords.

    JEL classification:

    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General
    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • H74 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Borrowing

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