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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