World Bank2014-06-052014-06-052010-06-16https://hdl.handle.net/10986/18521The Province of Buenos Aires has historically been the most important of all 23 Argentine provinces. Following Argentina's independence in 1816 and the development of the export-oriented agricultural sector, the province's control of the nation's biggest ports and waterways turned it into a major political and economic power. Rapid population growth, primarily driven by immigration, stimulated consumption, which led to the rise of manufacturing industries in and around the main urban centers in the province. The construction of the railway, which by 1914 had reached 35,000 km in length, gave Buenos Aires an additional advantage: it linked the agricultural interior of the country to the ports located in Buenos Aires, La Plata, and Bahia Blanca (as well as to Rosario in Santa Fe Province). Given the central role the Province of Buenos Aires plays in Argentina's economy, ensuring its sustained growth and competitiveness is a key national priority. The Province accounts for 35 percent of Gross Domestic Product (GDP), more than half of the country's manufacturing industry and 37 percent of its exports. Its private sector is the largest in the country, with every third Argentine company located in the province. The Province's schools and universities turn out a large share of Argentina's labor force, and its roads and ports transport the bulk of the country's domestic goods and exports to their respective markets. Argentina's economic success is therefore closely linked to that of the Province of Buenos Aires. This chapter provides a general background of the province's economic profile, growth record and social conditions.en-USCC BY 3.0 IGOACCESS TO FINANCINGACCOUNTINGAGGLOMERATION ECONOMIESAIRPORTSALLOCATION OF RESOURCESAMORTIZATIONSARREARSAVERAGE DAILY TRAFFICBANKING SYSTEMBONDBOND FINANCINGBOND ISSUANCESBONDSBOTTLENECKSBUDGET EXECUTIONBULLET BONDCADASTRECAPITAL EXPENDITURECAPITAL EXPENDITURESCARCITIESCOLLATERALCOMPLIANCE COSTSCONGESTIONCONGESTION ON ROADSCONSUMER PRICE INDEXCONTINGENT LIABILITIESCONTRACTUAL RELATIONSHIPCOUPONCREDITORCURRENCYCURRENT EXPENDITURESDEBT BURDENDEBT EXCHANGEDEBT ISSUANCESDEBT LEVELSDEBT MANAGEMENTDEBT RATIOSDEBT RESTRUCTURINGDEBT SERVICEDEBT SERVICE PAYMENTSDEBT STOCKDEBT STOCKSDEBT SWAPDEBTORDIRECT INVESTMENTDISBURSEMENTSDOMESTIC BONDSDOMESTIC MARKETEQUIPMENTEXCHANGE RATEEXPENDITURE CATEGORIESEXPENDITURE DECENTRALIZATIONEXPORTEREXTERNALITIESFEDERAL EDUCATIONFEDERAL FUNDSFEDERAL TRANSFERSFINANCIAL RESOURCESFISCAL ACCOUNTSFISCAL ADJUSTMENTFISCAL BALANCEFISCAL DEFICITFISCAL DEFICITSFISCAL FRAMEWORKFISCAL IMPACTFISCAL PERFORMANCEFISCAL SPACEFISCAL SURPLUSESFISCAL SUSTAINABILITYFIXED INTERESTFIXED INTEREST RATEFOREIGN CURRENCYFOREIGN EXCHANGEFOREIGN INVESTMENTFREIGHTFREIGHT VEHICLESGOVERNMENT ACCOUNTSGOVERNORGRACE PERIODHOUSEHOLD INCOMEHUMAN CAPITALHUMAN RESOURCEINCOME TAXINDEBTEDNESSINFLATIONINFLATION RATEINFORMATION SYSTEMSINFRASTRUCTURE INVESTMENTSINSTRUMENTINTEREST PAYMENTSINTEREST RATEINTEREST RATESINTERNAL EFFICIENCYINTERNATIONAL BONDSINTERNATIONAL CAPITALINTERNATIONAL CAPITAL MARKETSINTERNATIONAL INVESTORSINTERNATIONAL MARKETSINVESTMENT CLIMATEINVESTMENT LOANSISSUANCEISSUANCE OF BONDSLANESLARGE PROVINCESLEGAL REFORMSLEGAL SYSTEMLEVIESLOANLOAN AGREEMENTSLOCAL ROADSMACROECONOMIC POLICYMARKET VALUEMATURITYMEDIUM-TERM FINANCINGMETROPOLITAN AREAMINISTRY OF ECONOMYMINISTRY OF EDUCATIONMODAL TRANSPORTATIONMUNICIPALITIESNET CURRENT REVENUESNET OF TRANSFERSPAYMENT SYSTEMPENSION FUNDSPENSION SYSTEMPERSONAL INCOMEPOLICY CHANGESPOPULATION GROWTHPORT SERVICESPRINCIPAL REPAYMENTPRINCIPAL REPAYMENTSPRIVATE BANKSPRIVATE CREDITORSPRIVATE DEBTORSPRIVATE INVESTMENTPROVINCEPROVINCESPROVINCIAL AVERAGEPROVINCIAL BANKPROVINCIAL BANKSPROVINCIAL BUDGETPROVINCIAL BUDGETSPROVINCIAL DEBTPROVINCIAL DEVELOPMENTPROVINCIAL ECONOMYPROVINCIAL EDUCATIONPROVINCIAL FINANCESPROVINCIAL FISCALPROVINCIAL FISCAL MANAGEMENTPROVINCIAL GOVERNMENTPROVINCIAL GOVERNMENTSPROVINCIAL INVESTMENTPROVINCIAL LEVELPROVINCIAL PENSIONPROVINCIAL PENSION SYSTEMSPROVINCIAL PRIMARY DEFICITPROVINCIAL REVENUEPROVINCIAL REVENUESPROVINCIAL SOURCESPROVINCIAL TAXPROVINCIAL TAXESPROVINCIAL TAXING POWERSPUBLIC DEBTPUBLIC EDUCATION SPENDINGPUBLIC EXPENDITURESPUBLIC INVESTMENTPUBLIC SPENDINGPURCHASING POWERRAILRAILROADRAILROADSRAILWAYRAILWAYSREPAYMENTSREVENUE ASSIGNMENTSREVENUE COLLECTIONSREVENUE MOBILIZATIONREVENUE SOURCERING ROADROADROAD INFRASTRUCTUREROAD MAINTENANCEROAD NETWORKROAD SECTORROAD SYSTEMROAD SYSTEMSROAD TRAFFICROAD TRANSPORTROADSROUTEROUTESSOLVENCYSUB-NATIONALTAX ADMINISTRATIONTAX BASETAX BENEFITSTAX COLLECTIONTAX COLLECTIONSTAX EVASIONTAX PAYMENTTAX POLICYTAX RATETAX RATESTAX RELIEFTAX REVENUETAX REVENUESTAX SHARINGTAX SYSTEMTAXPAYERSTELEPHONE LINETOTAL DEBTTOTAL EXPENDITURETOTAL PROVINCIAL EXPENDITURETOTAL PUBLIC EXPENDITURETRAFFIC LEVELSTRAFFIC VOLUMETRAFFIC VOLUMESTRANCHESTRANSPARENCYTRANSPORTTRANSPORT COSTSTRANSPORT INFRASTRUCTURETRANSPORT NETWORKTRANSPORTATIONTRUCKSTURNOVERVARIABLE INTEREST RATEVEHICLEVEHICLE FLEETWITHDRAWAL10.1596/18521