The Effectiveness of Reforms in Public Sector Accounting and Financial Management: The Case of Spain, 2010-2015

Yulia Kasperskaya and Ramon Xifré
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Yulia Kasperskaya: Universitat de Barcelona, Postal: Gran Via de les Corts Catalanes, 585, 08007 Barcelona, Spain, http://www.ub.edu/web/ub/en/index.html?

No D/1159, IESE Research Papers from IESE Business School

Abstract: This paper interprets through theoretical lenses the public sector financial management reforms adopted in Spain between 2010 and 2015. In this period, coping with intense external pressure, the country passed many fiscally-oriented reforms to escape the 2008 crisis including a change in the constitution. We study the changes that have been adopted in three key public accounting and financial management areas: budgeting, reporting and auditing. Our main research question is whether this series of reforms are likely to have had both a disruptive and positive impact in the Spanish public sector management model. We approach the question in the light of three theoretical contexts: the resource dependence model, the logic of discipline and the leadership-task perspective. Our analysis does not support a strong affirmative answer to the question. The fiscal crisis has been averted but it appears that it is more because of discretionary consolidation efforts rather than the result of adopting structural policies. Our work also highlights some dimensions in which Spain is lagging behind leading practices in the EU. Value for money auditing and accountability standards are still low and the independence of certain critical bodies is not sufficiently protected.

Keywords: financial management; structural reforms; public accounting; Spain (search for similar items in EconPapers)
JEL-codes: H11 H61 H63 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2016-11-23
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