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Executive Summary and Recommendations

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Abstract

Over the past decade, Mexico has undergone significant economic and political reform. This period has witnessed important improvements in the health of public finances. The government’s narrow measure of the budget deficit has been below 1% of GDP for the past five years (2003-08). Furthermore, the public sector borrowing requirement – the broader definition of budget deficit1 – has been below 3% of GDP for the same period. Although these improved fiscal balances have been aided by higher revenues as a result of significant increases in oil prices, Mexico’s recent public finances have clearly reflected an era of fiscal responsibility. This improved fiscal situation should place Mexico in a better position to withstand the current global economic crisis.

Suggested Citation

  • Oecd, 2009. "Executive Summary and Recommendations," OECD Journal on Budgeting, OECD Publishing, vol. 9(1), pages 13-22.
    • Handle: RePEc:oec:govkaa:5ks75nvfc7wf
    DOI: 10.1787/budget-v9-art7-en
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    Cited by:

    1. Angeliki N. Menegaki & Serkan Gurluk, 2013. "Greece & Turkey; Assessment and Comparison of Their Renewable Energy Performance," International Journal of Energy Economics and Policy, Econjournals, vol. 3(4), pages 367-383.
    2. Lu-Cheng Zhu & Yun-Liang Ye & Wen-Hua Luo & Meng Su & Hang-Ping Wei & Xue-Bang Zhang & Juan Wei & Chang-Lin Zou, 2013. "A Model to Discriminate Malignant from Benign Thyroid Nodules Using Artificial Neural Network," PLOS ONE, Public Library of Science, vol. 8(12), pages 1-6, December.
    3. Melissa Bateson & Luke Callow & Jessica R Holmes & Maximilian L Redmond Roche & Daniel Nettle, 2013. "Do Images of ‘Watching Eyes’ Induce Behaviour That Is More Pro-Social or More Normative? A Field Experiment on Littering," PLOS ONE, Public Library of Science, vol. 8(12), pages 1-1, December.
    4. Rice, Mason & Butts, Jonathan & Miller, Robert & Shenoi, Sujeet, 2010. "An analysis of the legality of government-mandated computer inoculations," International Journal of Critical Infrastructure Protection, Elsevier, vol. 3(1), pages 5-15.
    5. Mervin Chavez & Joselyn Rojas & Miguel Aguirre & Marjorie Villalobos & Juan Salazar & Luis Bello & Roberto Añez & Luis Olivar & María Calvo & Yaneth Herazo-Beltrán & Maricarmen Chacín González & Jhoal, 2019. "A Stratified Approach for Cushing’s Syndrome Diagnosis," Global Journal of Health Science, Canadian Center of Science and Education, vol. 11(10), pages 1-55, September.
    6. Hansen, Teis & Klitkou, Antje & Borup, Mads & Scordato, Lisa & Wessberg, Nina, 2017. "Path creation in Nordic energy and road transport systems – The role of technological characteristics," Renewable and Sustainable Energy Reviews, Elsevier, vol. 70(C), pages 551-562.

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