Las características financieras de la deuda pública y su repercusión en el gasto social del municipio de Othón P. Blanco, Quintana Roo, 1993 -2013

Financial characteristics of public debt and its impact on social expenditure in the municipality of Othón P. Blanco, Quintana Roo, 1993 -2013

Crucita Ken and Ashanti Pérez Medina

MPRA Paper from University Library of Munich, Germany

Abstract: In recent years, the states and their municipalities of Mexico have significantly increased their public debt. Such financial irresponsibility, will in the medium and long term, have a number of implications in society, particularly by reducing social expenditure. In Quintana Roo, the municipalities of Benito Juarez and Othón P. Blanco are in the list of the ten most indebted municipalities in Mexico, according to data from the Secretariat of Finance and Public Credit (2013a). From the societal point of view, having an indebted government results in getting less public services and less social investment, which violates the purpose of tax collection and its purpose of wealth distribution. This paper analysis public debt of the municipality of Othón P. Blanco during the period covering seven municipal administrations, two financial economic crises at national level (1994, 2008) and a list of events that reached its most critical point in 2012 with the suspension of payments from the municipal government that led to the acquiring of new debts. These situations dictate an unfavorable perspective for social public spending in Othón P. Blanco.

Keywords: Public debt; regional economics; public social spending (search for similar items in EconPapers)
JEL-codes: H0 O1 O2 R11 (search for similar items in EconPapers)
Date: 2014-06-16
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Published in Deuda Pública: Gran desafío de los gobiernos estatales y municipales 1.1(2014): pp. 16-42

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