Budgeting in Oaxaca:

Oaxaca recently experienced a period of rapid growth of public expenditure, in response to social and economic priorities. These increases in expenditure were not accompanied with corresponding increases in actual revenues, thus leading to the build-up of deficits. In 2013, the state embraced a cons...

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Bibliographic Details
Main Author: Vammalle, Camila (Author)
Other Authors: Ruiz, Ana Maria (Contributor), Downes, Ronnie (Contributor)
Format: Electronic Book Chapter
Language:English
Published: Paris OECD Publishing 2017
Subjects:
Online Access:DE-384
DE-473
DE-824
DE-29
DE-739
DE-355
DE-20
DE-1028
DE-1049
DE-521
DE-861
DE-898
DE-92
DE-91
DE-573
DE-19
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Summary:Oaxaca recently experienced a period of rapid growth of public expenditure, in response to social and economic priorities. These increases in expenditure were not accompanied with corresponding increases in actual revenues, thus leading to the build-up of deficits. In 2013, the state embraced a consolidation plan, increasing revenue collections and cutting public expenditure and investment, aiming to restore budgetary balance by 2016. The Secretariat of Finance of Oaxaca has recently introduced a more robust legal framework to ensure fiscal sustainability, and avoid such policy fluctuations in the future. Despite recent improvements, there is still space to improve budget practices towards a more planned, accountable, participative and transparent budget process, as well as having an institutional and legal framework in place to ensure these practices have continuity between administrations
Physical Description:1 Online-Ressource (56 Seiten) 21 x 28cm
DOI:10.1787/budget-17-5jfjb4lcsgzw

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