Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/331432 
Year of Publication: 
2025
Series/Report no.: 
Texto para Discussão No. 3154
Publisher: 
Instituto de Pesquisa Econômica Aplicada (IPEA), Brasília
Abstract (Translated): 
This paper aims to explore the relationships between institutional arrangements and fiscal performance in Argentina, Brazil, Chile, Colombia, and Mexico. To this end, institutional variables such as fiscal targets regimes, institutions responsible for fiscal policy, and budgetary processes will be employed, along with performance variables including the size of the public sector, fiscal deficits, public debt levels, the degree of fiscal policy pro-cyclicality, the composition of tax revenue, and the composition of primary expenditure. Despite structural similarities, it is observed that the institutional particularities of each country result in significant differences in how fiscal policies are implemented. The adoption of more transparent institutional arrangements and more flexible fiscal rules can contribute to better fiscal management, ensuring long-term economic sustainability. Finally, it is worth highlighting the importance of adapting fiscal rules to local realities to promote greater efficiency and economic sustainability.
Subjects: 
fiscal policy
institutional arrangements
fiscal rules
JEL: 
E62
O17
O23
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

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