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

dc.contributor.author World Bank
dc.date.accessioned 2013-08-29T21:56:04Z
dc.date.available 2013-08-29T21:56:04Z
dc.date.issued 2001-06-13
dc.description.abstract The 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.identifier http://documents.worldbank.org/curated/en/2001/06/1552059/mexico-fiscal-sustainability-vol-1-2-executive-summary
dc.identifier.uri http://hdl.handle.net/10986/15503
dc.language English
dc.language.iso en_US
dc.publisher Washington, DC
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject ACCOUNTING FRAMEWORK
dc.subject BALANCE SHEET
dc.subject BANK DEPOSITS
dc.subject BANK FAILURES
dc.subject BANKING SECTOR
dc.subject BANKING SYSTEM
dc.subject BENCHMARK
dc.subject BENCHMARKS
dc.subject BONDS
dc.subject BORROWING
dc.subject BUDGET ACCOUNTING
dc.subject BUDGET CONSTRAINT
dc.subject BUDGET DEFICIT
dc.subject BUDGET PROCESS
dc.subject BUDGET SURPLUS
dc.subject BUSINESS CYCLES
dc.subject CENTRAL GOVERNMENT
dc.subject DEBT MANAGEMENT
dc.subject DEBT RESTRUCTURING
dc.subject DEFICIT ADJUSTMENTS
dc.subject DEFICIT REDUCTION
dc.subject DEFLATION
dc.subject DEPOSIT INSURANCE
dc.subject DEPOSIT INSURANCE SCHEMES
dc.subject DEPOSITS
dc.subject DISCOUNT RATE
dc.subject DISCRETIONARY POLICY
dc.subject ECONOMIC EXPANSION
dc.subject ELASTICITY
dc.subject ELECTRICITY
dc.subject EXCHANGE RATE
dc.subject EXCHANGE RATES
dc.subject EXPENDITURE
dc.subject EXPORTS
dc.subject EXTERNAL SHOCK
dc.subject EXTERNAL SHOCKS
dc.subject FEDERAL GOVERNMENT
dc.subject FINANCIAL CRISES
dc.subject FISCAL
dc.subject FISCAL ADJUSTMENT
dc.subject FISCAL BUDGET
dc.subject FISCAL COSTS
dc.subject FISCAL DEFICIT
dc.subject FISCAL DEFICITS
dc.subject FISCAL MEASURES
dc.subject FISCAL POLICIES
dc.subject FISCAL POLICY
dc.subject FISCAL PRESSURES
dc.subject FISCAL REFORM
dc.subject FISCAL SURPLUS
dc.subject FISCAL SUSTAINABILITY
dc.subject FISCAL YEAR
dc.subject FOREIGN DEBT
dc.subject GDP
dc.subject GOVERNMENT ACCOUNTING
dc.subject GOVERNMENT CONSUMPTION
dc.subject GOVERNMENT DEBT
dc.subject GOVERNMENT GUARANTEES
dc.subject GOVERNMENT POLICIES
dc.subject GOVERNMENT PROGRAMS
dc.subject GOVERNMENT REVENUE
dc.subject GOVERNMENT REVENUES
dc.subject GOVERNMENT SPENDING
dc.subject GROSS DOMESTIC PRODUCT
dc.subject GROWTH RATES
dc.subject INDUSTRIAL ECONOMIES
dc.subject INFLATION
dc.subject INSURANCE
dc.subject INTEREST RATE
dc.subject LAWS
dc.subject LOAN GUARANTEES
dc.subject MACROECONOMIC POLICY
dc.subject MACROECONOMIC STABILITY
dc.subject MARKET VALUE
dc.subject MINISTRY OF FINANCE
dc.subject MONETARY POLICY
dc.subject MONEY SUPPLY
dc.subject MORAL HAZARD
dc.subject MUNICIPALITIES
dc.subject NATIONS
dc.subject NOMINAL EXCHANGE RATE
dc.subject PENSION LIABILITIES
dc.subject PENSION REFORM
dc.subject PENSION SYSTEMS
dc.subject PENSIONS
dc.subject PRESENT VALUE
dc.subject PRIVATE BANKS
dc.subject PRIVATE SECTOR
dc.subject PRIVATE SECTOR INVESTMENTS
dc.subject PRIVATIZATION
dc.subject PRODUCTIVITY
dc.subject PROVISION OF INFRASTRUCTURE
dc.subject PUBLIC DEBT
dc.subject PUBLIC EXPENDITURE
dc.subject PUBLIC INFRASTRUCTURE
dc.subject PUBLIC INVESTMENT
dc.subject PUBLIC INVESTMENTS
dc.subject PUBLIC SECTOR
dc.subject PUBLIC SECTOR DEBT
dc.subject PUBLIC SPENDING
dc.subject REAL GDP
dc.subject REAL GROSS DOMESTIC PRODUCT
dc.subject REAL INCOME
dc.subject REAL INTEREST RATE
dc.subject REAL INTEREST RATES
dc.subject REAL TERMS
dc.subject RETIREMENT
dc.subject ROADS
dc.subject SOCIAL SECURITY
dc.subject STABILIZATION EFFORTS
dc.subject STATE GOVERNMENT
dc.subject STATE-OWNED ENTERPRISES
dc.subject SYSTEMIC RISK
dc.subject TAX
dc.subject TAX REVENUE
dc.subject TAX REVENUES
dc.subject TAX SYSTEM
dc.subject TELECOMMUNICATIONS
dc.subject TIME SERIES
dc.subject TRANSPORT
dc.subject UNEMPLOYMENT
dc.subject VALUE ADDED FISCAL SUSTAINABILITY
dc.subject BUSINESS CYCLES
dc.subject FISCAL POLICY
dc.subject ECONOMIC GROWTH
dc.subject BUDGET ESTIMATES
dc.subject EXTERNAL SHOCKS
dc.subject INFRASTRUCTURE
dc.subject CONTINGENT LIABILITY
dc.subject FISCAL COSTS
dc.subject FISCAL DEFICITS
dc.subject PUBLIC DEBT
dc.subject DEBT MANAGEMENT
dc.subject POLICY FRAMEWORK
dc.subject PENSION SYSTEMS
dc.subject FINANCIAL MANAGEMENT
dc.title Mexico - Fiscal Sustainability (Vol. 1 of 2) : Executive Summary en
dspace.entity.type Publication
okr.docurl http://documents.worldbank.org/curated/en/2001/06/1552059/mexico-fiscal-sustainability-vol-1-2-executive-summary
okr.globalpractice Macroeconomics and Fiscal Management
okr.globalpractice Finance and Markets
okr.globalpractice Governance
okr.identifier.externaldocumentum 000094946_01081604003040
okr.identifier.internaldocumentum 1552059
okr.identifier.report 20236
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2001/09/01/000094946_01081604003040/Rendered/PDF/multi0page.pdf en
okr.region.administrative Latin America & Caribbean
okr.region.country Mexico
okr.sector Other Finance
okr.sector Finance
okr.topic Public Sector Economics and Finance
okr.topic Governance :: National Governance
okr.topic Banks and Banking Reform
okr.topic Macroeconomics and Economic Growth :: Economic Stabilization
okr.topic Economic Theory and Research
okr.topic Finance and Financial Sector Development
okr.topic Public Sector Development
okr.unit LC1- Mexico & Colombia Anchor (LCC1A)
okr.volume 1 of 2
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