Situacion Fiscal y Fondo Anticiclico en la Ciudad de Buenos Aires: evolucion y perspectivas

Uña, Gerardo and Bertello, Nicolas (2007): Situacion Fiscal y Fondo Anticiclico en la Ciudad de Buenos Aires: evolucion y perspectivas.

Abstract

After a period of positive fiscal results during years 2003 to 2005, the City of Buenos Aires faces challenges in its fiscal situation as of year 2006, which surely will be reflected in exercise 2007. During the period the 2003- 2005 City accumulated positive financial results near $1,800 million, starts off of which, $418 million, they were destined to the Stabilization Fund created in 2003 by Decree of the Executive authority. The estimations made by the Executive authority on the closing of exercise 2006 at the time of presenting the Project of Budget 2007 show a negative result of -$1,096 million, the contained negative result in Budget 2007 bases similar originally elevated by the Executive to the Legislature, and later modified in the parliamentary approval. As opposed to an electoral year, where the pressures on the public expenditure usually increase, it is precise to strengthening the institutionalization and transparency of the Buenos Aires City Stabilization Fund.

• Item Type: MPRA Paper
• Institution: Fundacion Konrad Adenauer
• English Title: Fiscal Situation and Stabilization Fund of Buenos Aires City: evolution and forecast
• Language: Spanish
• Keywords: Fiscal Policy-Stabilization Fund-Budget Process-Legislature
• Subjects: E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E62 - Fiscal Policy; H - Public Economics > H7 - State and Local Government ; Intergovernmental Relations > H72 - State and Local Budget and Expenditures

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