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dc.titleIs Latin America on the Right Track?: An Analysis of Medium-Term Frameworks and the Budget Process
dc.contributor.authorFilc, Gabriel
dc.contributor.authorScartascini, Carlos
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.coverageThe Caribbean
dc.coverageCentral America
dc.coverageSouth America
dc.date.available2011-02-04T00:00:00
dc.date.issue2010-03-17T00:00:00
dc.description.abstractMedium Term Fiscal Frameworks (MTFs) have become one of the most popular reforms to the budgetary process in Latin America during the last decade, and introducing MTFs seemed to be the magic solution for most fiscal ailments. Nonetheless, there has been no comprehensive evaluation of their impact. This document discusses the normative merits of using MTFs, provides a characterization of the different types of MTF, and describes their development in the Latin American region based on extensive field work. As a first approximation for understanding how they are working, this document explores in detail the cases of Argentina, Colombia and Peru. While an unambiguous diagnosis is not possible, this document lays the groundwork for progress toward comprehensive impact evaluations and, eventually, to the consolidation of MTFs in the region.
dc.identifier.doihttp://dx.doi.org/10.18235/0010825
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Is-Latin-America-on-the-Right-Track-An-Analysis-of-Medium-Term-Frameworks-and-the-Budget-Process.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectFiscal Policy
dc.subject.jelcodeH0 - Public Economics: General
dc.subject.jelcodeH00 - Public Economics: General: General
dc.subject.jelcodeH61 - Budget • Budget Systems
dc.subject.jelcodeH68 - Forecasts of Budgets, Deficits, and Debt
dc.subject.keywordsIDB-WP-160
dc.typeWorking Papers
idb.identifier.pubnumberWorking Papers
idb.operationRG-K1094
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