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31
Table A3: Compliance of Constitutional Debt-Service Rule (Argentine provinces)
Jurisdiction Constitutio
nal limits
Debt service /
Total Revenue
Year 2000
G.C.B.A. No
limit
3%
Buenos Aires No limit
3%
Catamarca (a) 20%
24%
Córdoba (b) 20%
13%
Corrientes
25%
41%
Chaco 25% 14%
Chubut No
limit
12%
Entre Ríos
25%
27%
Formosa 25% 39%
Jujuy 20%
31%
La Pampa
25%
1%
La Rioja (b) 25%
6%
Mendoza No
limit
14%
Misiones
25%
10%
Neuquén
No limit
14%
Río Negro
25%
26%
Salta
25%
13%
San Juan
No limit
12%
San Luis (b) 25%
0%
Santa Cruz
No limit
2%
Santa Fe
25%
5%
Sgo del Estero 25%
6%
Tucumán No
limit
22%
Tierra del
Fuego
25% 19%
Source: own elaboration based in Sanguinetti (2001) and Ministry of
Economy
(a) It should not be higher that 20% of five-year average
(b) Based on the lowest revenue within the past three years
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