Publication:
Mexico - Fiscal Sustainability (Vol. 1 of 2) : Executive Summary

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-08-29T21:56:04Z
dc.date.available2013-08-29T21:56:04Z
dc.date.issued2001-06-13
dc.description.abstractThe study reviews the stabilization efforts, and successes that preceded, and have underpinned Mexico's sweeping market-oriented structural reforms since the late 1980s, anchored in strong fiscal adjustment. It seeks to support the Government's efforts, and provides a body of technical analysis, by: correcting fiscal trends for various business-cycle effects; building a simulation model to assess the sensitivity of the fiscal budget to exogenous shocks under structural scenarios; estimating the direct, and indirect potential impact on the fiscal accounts of closing public infrastructure gaps, and funding contingent liabilities; and, consolidating the financial accounts of the main public sector institutions to assess sustainability of their aggregate debt path. Following a brief review on fiscal issues, the report focuses on selected sources of fiscal instability. Chapter I questions the role of fiscal policy in determining output; the responsiveness of the fiscal policy to the business cycle; and, the "persistence" of fiscal policy vs. financing needs, implying the fiscal policy lacks a design that makes it a stabilizing feature of the economy. Chapters II and III investigate the impacts of major exogenous shocks, and provide estimates of the potential payoffs from increased investment in public infrastructure, calculating the optimal infrastructure stocks implied by the elasticity estimates. Chapter IV addresses the measurement of contingent liabilities, within the traditional budget accounting framework, while Chapter V provides estimates of the debt stock at the state level, suggesting disturbing trends in the size, and concentration of the debt are developing, and, sobering evidence on the health of the sub-national pension systems suggest a large percentage of these are either in actuarial deficit, or will be by 2001.en
dc.identifierhttp://documents.worldbank.org/curated/en/2001/06/1552059/mexico-fiscal-sustainability-vol-1-2-executive-summary
dc.identifier.doi10.1596/15503
dc.identifier.urihttps://hdl.handle.net/10986/15503
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING FRAMEWORK
dc.subjectBALANCE SHEET
dc.subjectBANK DEPOSITS
dc.subjectBANK FAILURES
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectBENCHMARK
dc.subjectBENCHMARKS
dc.subjectBONDS
dc.subjectBORROWING
dc.subjectBUDGET ACCOUNTING
dc.subjectBUDGET CONSTRAINT
dc.subjectBUDGET DEFICIT
dc.subjectBUDGET PROCESS
dc.subjectBUDGET SURPLUS
dc.subjectBUSINESS CYCLES
dc.subjectCENTRAL GOVERNMENT
dc.subjectDEBT MANAGEMENT
dc.subjectDEBT RESTRUCTURING
dc.subjectDEFICIT ADJUSTMENTS
dc.subjectDEFICIT REDUCTION
dc.subjectDEFLATION
dc.subjectDEPOSIT INSURANCE
dc.subjectDEPOSIT INSURANCE SCHEMES
dc.subjectDEPOSITS
dc.subjectDISCOUNT RATE
dc.subjectDISCRETIONARY POLICY
dc.subjectECONOMIC EXPANSION
dc.subjectELASTICITY
dc.subjectELECTRICITY
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATES
dc.subjectEXPENDITURE
dc.subjectEXPORTS
dc.subjectEXTERNAL SHOCK
dc.subjectEXTERNAL SHOCKS
dc.subjectFEDERAL GOVERNMENT
dc.subjectFINANCIAL CRISES
dc.subjectFISCAL
dc.subjectFISCAL ADJUSTMENT
dc.subjectFISCAL BUDGET
dc.subjectFISCAL COSTS
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL DEFICITS
dc.subjectFISCAL MEASURES
dc.subjectFISCAL POLICIES
dc.subjectFISCAL POLICY
dc.subjectFISCAL PRESSURES
dc.subjectFISCAL REFORM
dc.subjectFISCAL SURPLUS
dc.subjectFISCAL SUSTAINABILITY
dc.subjectFISCAL YEAR
dc.subjectFOREIGN DEBT
dc.subjectGDP
dc.subjectGOVERNMENT ACCOUNTING
dc.subjectGOVERNMENT CONSUMPTION
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT GUARANTEES
dc.subjectGOVERNMENT POLICIES
dc.subjectGOVERNMENT PROGRAMS
dc.subjectGOVERNMENT REVENUE
dc.subjectGOVERNMENT REVENUES
dc.subjectGOVERNMENT SPENDING
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH RATES
dc.subjectINDUSTRIAL ECONOMIES
dc.subjectINFLATION
dc.subjectINSURANCE
dc.subjectINTEREST RATE
dc.subjectLAWS
dc.subjectLOAN GUARANTEES
dc.subjectMACROECONOMIC POLICY
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARKET VALUE
dc.subjectMINISTRY OF FINANCE
dc.subjectMONETARY POLICY
dc.subjectMONEY SUPPLY
dc.subjectMORAL HAZARD
dc.subjectMUNICIPALITIES
dc.subjectNATIONS
dc.subjectNOMINAL EXCHANGE RATE
dc.subjectPENSION LIABILITIES
dc.subjectPENSION REFORM
dc.subjectPENSION SYSTEMS
dc.subjectPENSIONS
dc.subjectPRESENT VALUE
dc.subjectPRIVATE BANKS
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR INVESTMENTS
dc.subjectPRIVATIZATION
dc.subjectPRODUCTIVITY
dc.subjectPROVISION OF INFRASTRUCTURE
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC INFRASTRUCTURE
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC INVESTMENTS
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SECTOR DEBT
dc.subjectPUBLIC SPENDING
dc.subjectREAL GDP
dc.subjectREAL GROSS DOMESTIC PRODUCT
dc.subjectREAL INCOME
dc.subjectREAL INTEREST RATE
dc.subjectREAL INTEREST RATES
dc.subjectREAL TERMS
dc.subjectRETIREMENT
dc.subjectROADS
dc.subjectSOCIAL SECURITY
dc.subjectSTABILIZATION EFFORTS
dc.subjectSTATE GOVERNMENT
dc.subjectSTATE-OWNED ENTERPRISES
dc.subjectSYSTEMIC RISK
dc.subjectTAX
dc.subjectTAX REVENUE
dc.subjectTAX REVENUES
dc.subjectTAX SYSTEM
dc.subjectTELECOMMUNICATIONS
dc.subjectTIME SERIES
dc.subjectTRANSPORT
dc.subjectUNEMPLOYMENT
dc.subjectVALUE ADDED FISCAL SUSTAINABILITY
dc.subjectBUSINESS CYCLES
dc.subjectFISCAL POLICY
dc.subjectECONOMIC GROWTH
dc.subjectBUDGET ESTIMATES
dc.subjectEXTERNAL SHOCKS
dc.subjectINFRASTRUCTURE
dc.subjectCONTINGENT LIABILITY
dc.subjectFISCAL COSTS
dc.subjectFISCAL DEFICITS
dc.subjectPUBLIC DEBT
dc.subjectDEBT MANAGEMENT
dc.subjectPOLICY FRAMEWORK
dc.subjectPENSION SYSTEMS
dc.subjectFINANCIAL MANAGEMENT
dc.titleMexico - Fiscal Sustainability (Vol. 1 of 2) : Executive Summaryen
dspace.entity.typePublication
okr.date.doiregistration2025-05-07T11:08:12.144988Z
okr.docurlhttp://documents.worldbank.org/curated/en/2001/06/1552059/mexico-fiscal-sustainability-vol-1-2-executive-summary
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.guid995761468774688325
okr.guid454151468776772840
okr.identifier.externaldocumentum000094946_01081604003040
okr.identifier.internaldocumentum1552059
okr.identifier.report20236
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2001/09/01/000094946_01081604003040/Rendered/PDF/multi0page.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.countryMexico
okr.sectorOther Finance
okr.sectorFinance
okr.topicPublic Sector Economics and Finance
okr.topicGovernance::National Governance
okr.topicBanks and Banking Reform
okr.topicMacroeconomics and Economic Growth::Economic Stabilization
okr.topicEconomic Theory and Research
okr.topicFinance and Financial Sector Development
okr.topicPublic Sector Development
okr.unitLC1- Mexico & Colombia Anchor (LCC1A)
okr.volume1 of 2
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