Financial discipline at Mexico’s subnational level still has a long way to go if public finance administration is not considered as part of the reform agenda. This article sparks a debate about public financial management core issues perhaps influencing borrowing decisions at the subnational level.
Legislative Logrolling and Fiscal Discipline in Latin America
Legislative logrolling may be one determinant affecting the efficiency of public financial management in Latin American. This article studies a possible line of causality indicating how logrolling might have shaped differently public financial management reflecting variability in fiscal outcomes in the region.