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dc.titleArgentina: Preconditions for the Establishment of a Fiscal Rule including a Structural Fiscal Balance Component
dc.contributor.authorRivas, Carlos Gabriel
dc.contributor.orgunitFiscal and Municipal Management Division
dc.coverageArgentina
dc.coverageThe Caribbean
dc.coverageSouth America
dc.coverageCentral America
dc.date.available2013-08-09T00:00:00
dc.date.issue2013-07-01T00:00:00
dc.description.abstractThis paper discusses Argentina's preparedness to implement a structural fiscal balance (SFB) rule. The authors conclude that the country does not yet have the conditions required to consider establishing an SFB rule. From the 11 preconditions outlined, Argentina only meets two of them -debt sustainability and soundness of the financial system - and with important caveats. On one hand, in order to preserve the sustainability of indebtedness, it becomes necessary to maintain a deficient tax structure; on the other, the banking system's soundness could be impacted by the lack of independence of the Central Bank of Argentina from the executive branch.
dc.format.extent82
dc.identifier.doihttp://dx.doi.org/10.18235/0006963
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Argentina-Preconditions-for-the-Establishment-of-a-Fiscal-Rule-including-a-Structural-Fiscal-Balance-Component.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectMonetary Policy
dc.subjectFiscal Policy
dc.subjectFiscal Rule
dc.subjectPublic Expenditure
dc.subjectGovernment Revenue
dc.subject.jelcodeE62 - Fiscal Policy
dc.subject.jelcodeH60 - National Budget, Deficit, and Debt: General
dc.subject.keywordsFiscal Policy, Fiscal Rules, Structural Fiscal Balance Rule
dc.typeDiscussion Papers
idb.identifier.pubnumberDiscussion Papers
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