Transparency and accountability, mechanisms to limit subnational public debt?

Marcela Astudillo Moya, Andrés Blancas Neria () and Francisco Javier Fonseca Corona
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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

Contaduría y Administración, 2018, vol. 63, issue 3, 28-29

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.

Keywords: Subnational debt; Transparency; Accountability; Corruption. (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:nax:conyad:v:63:y:2018:i:3:p:28-29

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