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The new Spanish Autonomous Communities fiscal stability framework

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  • M. Jose Prieto

    ()

  • Agustin Manzano

Abstract

From to beginning of year 2002, the Spanish Autonomous Communities (CC. AA.) fiscal performance is conditioned by a new legal framework compounded from the financial agreement and the legislation on budget stability. This new framework implies a change in the CC. AA. fiscal behaviour. Are the CC. AA. ready to provide its citizens the public services they demand and fulfil its fiscal stability commitments? Are all the CC. AA. in the same position? Using political economic models and data on past budget execution, this paper is aimed at shedding light over the factors that jeopardize the CC. AA. budget stability in the future and the differences between CC. AA. relevant to its fiscal performance. JEL classification: H61, H62, H71, H72, H77

Suggested Citation

  • M. Jose Prieto & Agustin Manzano, 2004. "The new Spanish Autonomous Communities fiscal stability framework," ERSA conference papers ersa04p262, European Regional Science Association.
  • Handle: RePEc:wiw:wiwrsa:ersa04p262
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    JEL classification:

    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism

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