Fiscal rules enhance the credibility of economic policy, allow countercyclical and sustainable fiscal policies, and contribute to macroeconomic stability and economic growth. The Colombian government has used fiscal rules to limit the growth of expenditure and the indebtedness of sub-national...

Las reglas fiscales aumentan la credibilidad en la política económica, permiten unmanejo fiscal contracíclico y sostenible intertemporalmente, y contribuyen a laestabilidad y al crecimiento económico. El gobierno colombiano ha usado reglasfiscales para limitar el crecimiento del gasto y el...

Años consecutivos de déficits primarios han conducido a una creciente deuda pública de casi el 50% del PIB, uno de los aumentos más rápidos en América Latina en la última década, y los intentos del gobierno para restablecer la salud fiscal se han visto socavados por la paralización en...

The present paper first describes the European Union’s structural policy framework for the 2000-2006 period, setting out the objectives and instruments and highlighting the funding granted by the European Council in 1999. In this context, the second part of the paper aims to describe the...

This paper addresses the recent European Social Fund (ESF) reform and the possible consequences for Social Economy. The reform was adopted in 1999 and applies to the period from 2000 to 2006. After a brief overview of the European Social Fund since it was created in 1957, the main features to...

The new Spanish autonomous communities (AACC) financing system deepensin stability, co-responsibility and financial integration concepts. The resources that itdistributes are bigger than 90% of the total of the AACC consolidated budgets. Thisdocument approach the new system's configuration, it...

English abstract: In discussing the first Draft State Budget to address the economic and social impact of the COVID-19 pandemic, the Governor begins with an analysis of the economy’s recent behaviour and how it may evolve in the coming quarters, drawing on the Banco de España’s projections....

English Abstract: The main proposals for the reform of the European Union’s fiscal policy framework affect three blocks of issues: (i) simplifying the rules to make them more transparent and flexible; (ii) incorporating new supranational risk-sharing instruments into the Economic and Monetary...