Table A2: Compliance with Provincial FLRs in Argentina
Deficit and Expenditure goals
(Argentina, 2000) .
Province
Explicit Limit on
Deficit
Actual deficit
Accomplishment
Explicit Limit on
Expenditure
Observed
Accomplishment
Catamarca
For year 2000: 2% of the
average of total
expenditure of years
1998 and 1999.
1.9%
Yes
No
Cordoba
The current deficit must
be zero
158 millions
Yes
The Current Expenditure
cannot grow more than
Regional Domestic
Product (RDP). If RDP
decrease, the Current
Expenditure must be held
constant.
The Current
expenditure grew
2% and the PBG
held constant
No
Chaco
For year 2000: the deficit
must be less than 100
millions. Then it must
decrease at 20% yearly
-171 millions
NO
No
Chubut
For year 2000: the
primary surplus must be
equal to the 50% of
public debt interest of
that year.
The surplus was
70% of public debt
interest of that year
Yes
The Current Expenditure
cannot grow more than
RDP. If RDP decrease,
the Current Expenditure
must be held constant.
The first semester
2001 Current
expenditure
decrease 2%
compared with
first semester
2000.
Yes
Formos
a
For Year 2000: the
deficit must be less than
the debt amortization of
this year.
99 millions of
budgetary deficit
and 234 millions of
public debt
amortization
Yes
The Primary Expenditure
cannot grow more than
National Resources. If
National Resources
decrease, the Primary
Expenditure must be held
constant.
The Primary
Expenditure
decrease 15%
Yes
Mendoza
No explicit, Fiscal
Equilibrium for year
2003.
No
Misiones
For Year 2000: the
deficit must be less than
the debt amortization of
this year.
134 millions of
budgetary deficit
and 76 millions of
public debt
amortization
No
The Primary Expenditure
cannot grow more than
National Resources. If
National Resources
decrease, the Primary
Expenditure must be held
constant.
The Primary
Expenditure
decrease 15%
Yes
29
Convention