Budgeting in Oaxaca

Camila Vammalle, Ana Maria Ruiz and Ronnie Downes

OECD Journal on Budgeting, 2017, vol. 17, issue 1, 1-56

Abstract: Oaxaca recently experienced a period of rapid growth of public expenditure, in response to social and economic priorities. These increases in expenditure were not accompanied with corresponding increases in actual revenues, thus leading to the build-up of deficits. In 2013, the state embraced a consolidation plan, increasing revenue collections and cutting public expenditure and investment, aiming to restore budgetary balance by 2016. The Secretariat of Finance of Oaxaca has recently introduced a more robust legal framework to ensure fiscal sustainability, and avoid such policy fluctuations in the future. Despite recent improvements, there is still space to improve budget practices towards a more planned, accountable, participative and transparent budget process, as well as having an institutional and legal framework in place to ensure these practices have continuity between administrations.

Keywords: Oaxaca; Supreme Audit Institution; own-revenues; budget deficit; consolidation policies (search for similar items in EconPapers)
JEL-codes: H70 H71 H72 (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1787/budget-17-5jfjb4lcsgzw (text/html)
Full text available to READ online. PDF download available to OECD iLibrary subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oec:govkaa:5jfjb4lcsgzw

Access Statistics for this article

More articles in OECD Journal on Budgeting from OECD Publishing Contact information at EDIRC.
Bibliographic data for series maintained by ().