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Title: The Expenditure Rule in the Spanish Organic Law on Budgetary Stability and Financial Sustainability and its Impact on the Autonomous Communities
Authors: Melián González, Arturo 
UNESCO Clasification: 5301 Política fiscal y hacienda pública nacionales
Keywords: Budgetary stability
Fiscal rules
Expenditure rule
Autonomous Communities
Issue Date: 2021
Journal: Hacienda Publica Espanola 
Abstract: Spanish Autonomous Communities cannot incur a structural deficit, and their debt levels must not exceed the limit set out in the organic law on budgetary stability. This law also includes an expenditure rule that limits their non-financial expenditure. In the last few years, significant differences have been found between the constraints imposed on these regional governments through the budget balance rule and the expenditure rule, which could hinder the internal consistency of the fiscal framework. The present work identifies the reasons for such differences, and examines them for the regional subsector as a whole and for each autonomous community.
ISSN: 0210-1173
DOI: 10.7866/HPE-RPE.21.2.3
Source: Hacienda Publica Española [ISSN 0210-1173], n. 237, p. 57-84, (2021)
Appears in Collections:Artículos
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