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Transparency and accountability, mechanisms to limit subnational public debt?

Author

Listed:
  • Marcela Astudillo Moya

    (Universidad Nacional Autónoma de México, México)

  • Andrés Blancas Neria

    (Universidad Nacional Autónoma de México, México)

  • Francisco Javier Fonseca Corona

    (Universidad Nacional Autónoma de México, México)

Abstract

This article analyzes the way in which State and local entities report on their indebtedness. Subnational public debt has grown rapidly, especially since 2008 for a variety of reasons, including lack of transparency and accountability in state public finances. Based on the review of official documents of State and local entities, the Ministry of Finance Office, and the regulatory framework, it was found that such State and local entities report on the amount, creditors, maturities and service of their public debt;however, not all the entities are accountable for the destination of the resources obtained through this source of income. It is necessary to include in Mexican legislation the obligation to render accounts regarding the destination of resources derived from indebtedness; It is not enough to prohibit indebtedness to cover current expenditure, it is necessary to make transparent the use of resources.

Suggested Citation

  • Marcela Astudillo Moya & Andrés Blancas Neria & Francisco Javier Fonseca Corona, 2018. "Transparency and accountability, mechanisms to limit subnational public debt?," Contaduría y Administración, Accounting and Management, vol. 63(3), pages 28-29, Julio-Sep.
    • Handle: RePEc:nax:conyad:v:63:y:2018:i:3:p:28-29
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    Cited by:

    1. Alfonso Mendoza-Velazquez & Heidi J. Smith & Diego Mendoza-Martinez, 2022. "Subnational Regional Growth, Debt Thresholds and Sustainability," Working Paper Series Sobre México 2022001, Sobre México. Temas en economía.
    2. Alfonso Mendoza-Velázquez & Heidi J. Smith & Diego Mendoza-Martínez, 2023. "Regional Growth, Debt Thresholds and Subnational Sustainability," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 18(2), pages 1-23, Abril - J.

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