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Available data on-budget and off-budget activities of Spanish central, state and local governments

Author

Listed:
  • Isabel Argimón

    (Banco de Espana)

  • Francisco Martí

    (Banco de Espana)

Abstract

In this paper we present an analysis of the informative content of available public sector data for Central, State (Regional) and Local Governments in Spain. We first review the framework that defines budgetary arrangements in place in Spain, with a special emphasis on the decentralization process. We then present official budgetary projections for the balance of the different levels of Government and compare them with both outturn and national accounts data. We assess the magnitude of the differences between budgetary and national accounts balance data and between the latter and a balance obtained with currently available data on a broad definition of public sector activity. We attempt to establish some regularities in the relations among the different accounting variables.

Suggested Citation

  • Isabel Argimón & Francisco Martí, 2007. "Available data on-budget and off-budget activities of Spanish central, state and local governments," MNB Conference Volume, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 1(1), pages 43-54, December.
    • Handle: RePEc:mnb:confer:v:1:y:2007:i:1:p:43-54
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    References listed on IDEAS

    as
    1. Fransisco Comín, 2006. "Reaching a Political Consensus for Tax Reform in Spain: The Moncloa Pacts, Joining the European Union and the Rest of the Journey," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper0601, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
    2. Pérez, Javier J., 2005. "Early-warning tools to forecast general government deficit in the euro area: the role of intra-annual fiscal indicators," Working Paper Series 497, European Central Bank.
    3. F. Pedraja-Chaparro & J. Salinas-Jiménez & J. Suárez-Pandiello, 2006. "Financing Local Governments: The Spanish Experience," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper0611, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
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    More about this item

    Keywords

    Budget forecasts and monitoring; state and local deficits; off-budget activities.;
    All these keywords.

    JEL classification:

    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt
    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures

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