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

Alberto Alberdi, Arantza Olalde Maguregui and María Paz Rojo Porras
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Arantza Olalde Maguregui: Dirección de Economía y Planificación. Gobierno Vasco
María Paz Rojo Porras: Dirección de Economía y Planificación. Gobierno Vasco

EKONOMIAZ. Revista vasca de Economía, 2010, vol. 73, issue 01, 276-315

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.

Keywords: sustainability of the public finances; output gap; structural balance (search for similar items in EconPapers)
JEL-codes: H30 H72 H74 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ekz:ekonoz:2010114

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