In Mexico, the states receive funding in three different ways: local tax revenue, federal revenue sharing (Branch 28) and federal contributions (Branch 33). The local tax revenue represents a small percentage of the total state revenue, which averages 7.2% of the total revenue. Tamaulipas'...

Public debt in the OECD area passed annual GDP in 2011 and is still rising. For many countries, just stabilising debt - let alone bringing it down to a more sustainable level - is a major challenge. The debt overhangs can affect growth through channels such as raising the cost of capital. The...

Sound and efficient external debt sustainability is an essential instrument to shred the notoriety of indebtedness and to ameliorate economic growth. This study was conducted with an objective to examine the determinants of foreign debt sustainability in Ethiopia using a yearly time series data...