Work

Federalism and financial discipline of state governments in Mexico

Year: 2024

Type: article

Abstract: Faced with the problem of increasing levels of subnational debt in Mexico, Peña Nieto’s government promoted, through the Financial Discipline Law, the establishment of standards regarding budget, debt and transparency for state treasuries with the argument of limiting debt and make public spending transparent. This law imposes measures on sovereign entities in their public finances and tax matters. The hypothesis of this work is that the financial discipline that was promoted further subordinates the local treasuries of the states and municipalities to the federation, affecting the financial sovereignty of the states and thus federalism.

Source: Argumentos. Estudios críticos de la sociedad

DOI: 10.24275/uamxoc-dcsh/argumentos/2023103-08

Authors: María Isabel García Morales, Universidad Autónoma Metropolitana, Unidad Xochimilco

Institution: Instituto Politécnico Nacional

Language: Spanish

Topic: Local Government Finance and Decentralization

Subfield: Political Science and International Relations

Field: Social Sciences

Domain: Social Sciences

SDG: Peace, justice, and strong institutions

Open Access status: diamond

OpenAlex ID: W4410114486

FWCI:

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Related to: 10