La coordinación de políticas presupuestarias en España, 2007-2012

Joan Rosselló Villalonga

EKONOMIAZ. Revista vasca de Economía, 2013, vol. 83, issue 02, 297-329

Abstract: Data on the fiscal deficits of Spanish public Administrations from 2007-2011 show a significant deviation with respect to the targets fixed for this period. This occurs even though those stability targets were approved both by the central Administration and the autonomous communities in the budgetary coordination mechanisms developed in the Law of Budgetary Stability. We argue that one of the main arguments that explain these deviations is the failure in the current coordination mechanisms. We focus our analysis on the agreements within the Council of Fiscal and Financial Policy, CFFP, procedure that regulates the coordination of budgetary policies among central and regional administrations. Due to the found significant failures in the procedure, we conclude that there is a need to accomplish a revision of the CFFP.

Keywords: budgetary coordination mechanisms; budgetary stability; public debt; fiscal rules (search for similar items in EconPapers)
JEL-codes: H72 H74 H77 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (1)

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