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Available data on-budget and off-budget activities of Spanish central, state and local governments

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Author Info

  • Isabel Argimón

    (Banco de Espana)

  • Francisco Martí

    (Banco de Espana)

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    Abstract

    In this paper we present an analysis of the informative content of available public sector data for Central, State (Regional) and Local Governments in Spain. We first review the framework that defines budgetary arrangements in place in Spain, with a special emphasis on the decentralization process. We then present official budgetary projections for the balance of the different levels of Government and compare them with both outturn and national accounts data. We assess the magnitude of the differences between budgetary and national accounts balance data and between the latter and a balance obtained with currently available data on a broad definition of public sector activity. We attempt to establish some regularities in the relations among the different accounting variables.

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    File URL: http://english.mnb.hu/Root/Dokumentumtar/ENMNB/Kiadvanyok/mnben_egyebkiad_en/mnben_temporary_measures_2007/isabel_argimon_francisco_marti.pdf
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    Bibliographic Info

    Article provided by Magyar Nemzeti Bank (the central bank of Hungary) in its journal MNB Conference Volume.

    Volume (Year): 1 (2007)
    Issue (Month): 1 (December)
    Pages: 43-54

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    Handle: RePEc:mnb:confer:v:1:y:2007:i:1:p:43-54

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    Related research

    Keywords: Budget forecasts and monitoring; state and local deficits; off-budget activities.;

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    1. F. Pedraja-Chaparro & J. Salinas-Jiménez & J. Suárez-Pandiello, 2006. "Financing Local Governments: The Spanish Experience," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper0611, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
    2. Fransisco Comín, 2006. "Reaching a Political Consensus for Tax Reform in Spain: The Moncloa Pacts, Joining the European Union and the Rest of the Journey," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper0601, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
    3. Pérez, Javier J., 2005. "Early-warning tools to forecast general government deficit in the euro area: the role of intra-annual fiscal indicators," Working Paper Series 0497, European Central Bank.
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