The%20Future%20of%20Fiscal%20Agreements%20in%20Latin%20American

Working Papers

The Future of Fiscal Agreements in Latin American


CODE: WP-650
PUBLISHED: December 2008
LANGUAGE: Spanish
RELATED TOPICS: Government and Democracy
DOWNLOAD FILE IN: Spanish

Abstract:

This study investigates the measurement of the success of fiscal agreements. It focuses on the capacity of fiscal policy to incorporate different social actors in its agenda, the implementation of fiscal policy, and the efficacy of the government to administrate public expenditures. This article illustrates the need to formulate fiscal policy based on the political factors fundamental to the structure of Latin America's fiscal institutions. Moreover, it analyzes the incentives that influence the feasibility of fiscal policy formulation. Furthermore, the paper proposes measures for the improvement of fiscal policy formulation and institutional reform.

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