The Expenditure Rule in the Spanish Organic Law on Budgetary Stability and Financial Sustainability and its Impact on the Autonomous Communities
Arturo Melián-González ()
Additional contact information
Arturo Melián-González: Universidad de Las Palmas de Gran Canaria
Hacienda Pública Española / Review of Public Economics, 2021, vol. 237, issue 2, 57-84
Spanish Autonomous Communities cannot incur a structural deficit, and their debt levels must not exceed the limit set out in the organic law on budgetary stability. This law also includes an expenditure rule that limits their non-financial expenditure. In the last few years, significant differences have been found between the constraints imposed on these regional governments through the budget balance rule and the expenditure rule, which could hinder the internal consistency of the fiscal framework. The present work identifies the reasons for such differences, and examines them for the regional subsector as a whole and for each autonomous community
Keywords: Budgetary stability; Fiscal rules; Expenditure rule; Autonomous Communities (search for similar items in EconPapers)
JEL-codes: H62 H68 H72 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://hpe-rpe.org/wp-admin/admin-ajax.php?juwpfi ... eff1bdf046&preview=1 (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:hpe:journl:y:2021:v:237:i:2:p:57-84
Access Statistics for this article
More articles in Hacienda Pública Española / Review of Public Economics from IEF Contact information at EDIRC.
Bibliographic data for series maintained by Miguel Gómez de Antonio ().