Publication:
Mexico - Fiscal Sustainability (Vol. 2 of 2) : Background Papers

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-08-29T21:37:27Z
dc.date.available2013-08-29T21:37:27Z
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/2001/06/1552060/mexico-fiscal-sustainability-vol-2-2-background-papers
dc.identifier.doi10.1596/15500
dc.identifier.urihttps://hdl.handle.net/10986/15500
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.subjectFISCAL 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 BALANCE SHEET
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectBENCHMARK
dc.subjectBENCHMARKS
dc.subjectBONDS
dc.subjectBORROWING
dc.subjectBUDGET CONSTRAINT
dc.subjectBUDGET SURPLUS
dc.subjectBUSINESS CYCLES
dc.subjectCENTRAL GOVERNMENT
dc.subjectDEBT MANAGEMENT
dc.subjectDEFICIT ADJUSTMENTS
dc.subjectDEFICIT REDUCTION
dc.subjectDEPOSIT INSURANCE
dc.subjectDISCOUNT RATE
dc.subjectDISCRETIONARY POLICY
dc.subjectECONOMIC EXPANSION
dc.subjectECONOMIC HISTORY
dc.subjectELASTICITY
dc.subjectELECTRICITY
dc.subjectEXCHANGE RATE
dc.subjectEXPENDITURE
dc.subjectEXTERNAL SHOCKS
dc.subjectFEDERAL GOVERNMENT
dc.subjectFINANCING SOURCES
dc.subjectFISCAL
dc.subjectFISCAL COSTS
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL DEFICITS
dc.subjectFISCAL MEASURES
dc.subjectFISCAL POLICIES
dc.subjectFISCAL POLICY
dc.subjectFISCAL REFORM
dc.subjectFISCAL SURPLUS
dc.subjectFISCAL SUSTAINABILITY
dc.subjectFISCAL YEAR
dc.subjectFOREIGN DEBT
dc.subjectGDP
dc.subjectGDP DEFLATOR
dc.subjectGOVERNMENT ACCOUNTING
dc.subjectGOVERNMENT CONSUMPTION
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT GUARANTEES
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.subjectINTERNATIONAL MONETARY FUND
dc.subjectINTERNATIONAL TRADE
dc.subjectLOAN GUARANTEES
dc.subjectMARKET VALUE
dc.subjectMONEY SUPPLY
dc.subjectNATIONAL ACCOUNTS
dc.subjectNATIONAL INCOME
dc.subjectNONTAX REVENUE
dc.subjectPENSION LIABILITIES
dc.subjectPENSION REFORM
dc.subjectPOTENTIAL OUTPUT
dc.subjectPRIVATE BANKS
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATIZATION
dc.subjectPROVISION OF INFRASTRUCTURE
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC INFRASTRUCTURE
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC SECTOR
dc.subjectREAL GDP
dc.subjectREAL INTEREST RATES
dc.subjectREAL TERMS
dc.subjectRECESSION
dc.subjectRETIREMENT
dc.subjectSOCIAL SECURITY
dc.subjectSTATE GOVERNMENT
dc.subjectTAX
dc.subjectTAX REVENUE
dc.subjectTAX REVENUES
dc.subjectTAX SYSTEM
dc.subjectTIME SERIES
dc.subjectTOTAL REVENUE
dc.subjectTRANSPORT
dc.subjectUNEMPLOYMENT
dc.subjectVALUE ADDED
dc.subjectWAGES
dc.titleMexico - Fiscal Sustainability (Vol. 2 of 2) : Background Papersen
dspace.entity.typePublication
okr.date.doiregistration2025-05-07T09:09:24.104423Z
okr.docurlhttp://documents.worldbank.org/curated/en/2001/06/1552060/mexico-fiscal-sustainability-vol-2-2-background-papers
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.guid995761468774688325
okr.guid454151468776772840
okr.identifier.externaldocumentum000094946_01081604003141
okr.identifier.internaldocumentum1552060
okr.identifier.report20236
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2001/09/01/000094946_01081604003141/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.volume2 of 2
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