LA GALLEGA DE DISCIPLINA PRESUPUESTARIA Y SOSTENIBILIDAD FINANCIERA: UN ANÁLISIS CRÍTICO
In this work, a critical analysis of the recent change in the Galician law of budgetary discipline has been carried out. It's main point of difference consists of establishing a maximum variation rule relating to the non-financial expenditure of the autonomous community in the decisive phase of...
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| Format: | Article |
| Language: | English |
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Universidade de Santiago de Compostela
2012-01-01
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| Series: | Revista Galega de Economía |
| Online Access: | http://www.redalyc.org/articulo.oa?id=39123194007 |
| _version_ | 1818305607270137856 |
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| author | XOAQUÍN FERNÁNDEZ LEICEAGA |
| author_facet | XOAQUÍN FERNÁNDEZ LEICEAGA |
| author_sort | XOAQUÍN FERNÁNDEZ LEICEAGA |
| collection | DOAJ |
| description | In this work, a critical analysis of the recent change in the Galician law of budgetary discipline has been carried out. It's main point of difference consists of establishing a maximum variation rule relating to the non-financial expenditure of the autonomous community in the decisive phase of the economic cycle..A retrospective application of the rule to the period 2002-2010 indicates that the law would imply an intense control of the expenditure and a remarkable reduction in debt of the autonomous community. Nevertheless, some problems in the application are detected. Firstly, the independent variable is the forecast of expansion of the gross domestic product, introducing a bias of discretion, as it is the responsibility of the government. It is proven that this would happen when using an objective rule, as the evolution passed from the product. Finally, the possibility of budgetary balance throughout the cycle and the ability to make the destination of the surplus flexible is considered. |
| first_indexed | 2024-12-13T06:29:17Z |
| format | Article |
| id | doaj.art-4481c3785e184f9f8629496682f37d2e |
| institution | Directory Open Access Journal |
| issn | 1132-2799 |
| language | English |
| last_indexed | 2024-12-13T06:29:17Z |
| publishDate | 2012-01-01 |
| publisher | Universidade de Santiago de Compostela |
| record_format | Article |
| series | Revista Galega de Economía |
| spelling | doaj.art-4481c3785e184f9f8629496682f37d2e2022-12-21T23:56:39ZengUniversidade de Santiago de CompostelaRevista Galega de Economía1132-27992012-01-01211116LA GALLEGA DE DISCIPLINA PRESUPUESTARIA Y SOSTENIBILIDAD FINANCIERA: UN ANÁLISIS CRÍTICOXOAQUÍN FERNÁNDEZ LEICEAGAIn this work, a critical analysis of the recent change in the Galician law of budgetary discipline has been carried out. It's main point of difference consists of establishing a maximum variation rule relating to the non-financial expenditure of the autonomous community in the decisive phase of the economic cycle..A retrospective application of the rule to the period 2002-2010 indicates that the law would imply an intense control of the expenditure and a remarkable reduction in debt of the autonomous community. Nevertheless, some problems in the application are detected. Firstly, the independent variable is the forecast of expansion of the gross domestic product, introducing a bias of discretion, as it is the responsibility of the government. It is proven that this would happen when using an objective rule, as the evolution passed from the product. Finally, the possibility of budgetary balance throughout the cycle and the ability to make the destination of the surplus flexible is considered.http://www.redalyc.org/articulo.oa?id=39123194007 |
| spellingShingle | XOAQUÍN FERNÁNDEZ LEICEAGA LA GALLEGA DE DISCIPLINA PRESUPUESTARIA Y SOSTENIBILIDAD FINANCIERA: UN ANÁLISIS CRÍTICO Revista Galega de Economía |
| title | LA GALLEGA DE DISCIPLINA PRESUPUESTARIA Y SOSTENIBILIDAD FINANCIERA: UN ANÁLISIS CRÍTICO |
| title_full | LA GALLEGA DE DISCIPLINA PRESUPUESTARIA Y SOSTENIBILIDAD FINANCIERA: UN ANÁLISIS CRÍTICO |
| title_fullStr | LA GALLEGA DE DISCIPLINA PRESUPUESTARIA Y SOSTENIBILIDAD FINANCIERA: UN ANÁLISIS CRÍTICO |
| title_full_unstemmed | LA GALLEGA DE DISCIPLINA PRESUPUESTARIA Y SOSTENIBILIDAD FINANCIERA: UN ANÁLISIS CRÍTICO |
| title_short | LA GALLEGA DE DISCIPLINA PRESUPUESTARIA Y SOSTENIBILIDAD FINANCIERA: UN ANÁLISIS CRÍTICO |
| title_sort | la gallega de disciplina presupuestaria y sostenibilidad financiera un analisis critico |
| url | http://www.redalyc.org/articulo.oa?id=39123194007 |
| work_keys_str_mv | AT xoaquinfernandezleiceaga lagallegadedisciplinapresupuestariaysostenibilidadfinancieraunanalisiscritico |