Who Decides the Budget? A Political Economy Analysis of the Budget Process in Latin America

Posted: 3 Feb 2015

See all articles by Carlos Scartascini

Carlos Scartascini

Research Department - Inter-American Development Bank (IDB)

Ernesto Stein

Inter-American Development Bank (IDB)

Date Written: November 2014

Abstract

This book presents a new framework for analyzing the political economy of budget processes in Latin America that is based on the following premises: i) the budget process must be considered as part of the overall policymaking process rather than in isolation; ii) budget outcomes cannot be fully explained on the basis of only one or two political or institutional dimensions; iii) actual practices must be considered as well as formal rules; iv) budget processes affect dimensions of fiscal outcomes besides fiscal sustainability, particularly efficiency, adaptability, and representativeness; v) political actors and their incentives must be considered at different stages of the policymaking process and in different institutional contexts. Case studies are presented for eight countries in the region, and a final chapter presents conclusions and suggestions for further research.

JEL Classification: D02, D72, E61, E62, H50

Suggested Citation

Scartascini, Carlos G. and Stein, Ernesto Hugo, Who Decides the Budget? A Political Economy Analysis of the Budget Process in Latin America (November 2014). IDB Working Paper No. IDB-BK-135, Available at SSRN: https://ssrn.com/abstract=2559633

Carlos G. Scartascini

Research Department - Inter-American Development Bank (IDB) ( email )

1300 New York Avenue NW
Washington, DC 20577
United States
2026231963 (Phone)

HOME PAGE: http://www.cscartascini.org

Ernesto Hugo Stein

Inter-American Development Bank (IDB) ( email )

1300 New York Avenue, NW
Research Department
Washington, DC 20577
United States

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