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Mexico - Structural Adjustment Loan to the Estado de Mexico Project (Inglês)

The Structural Adjustment Loan for the Estado de Mexico, will support the Mexican Government in strengthening its decentralization reform process, which involves helping the other states adjust to hard budget constraints, such as reduced federal resources, and strengthened financial mechanisms, but also involves preparing the states with the financial, and technical capability to participate in forthcoming federal reforms to the tax, and transfer system, and for the provision of key social services, namely education and health, already decentralized with transfers to the states. In addition, the project will ensure macroeconomic stability, by reducing poverty, through increased resources for education and health services to the poor. Nonetheless, risks exist: 1) the state could revert to the fiscal imbalances of the past; 2) the Federal Government could withdraw its support to the reform program; 3) the state Congress, currently controlled by opposition parties, could block policy initiatives embedded in the adjustment program; and, 4) the reform program could prove too formidable a task for the government's implementation capacity. However, strong government commitments, the appropriate program design, and the accompanying Technical Assistance Project will help minimize those risks.

Detalhes

  • Data do documento

    2000/11/16

  • TIpo de documento

    Relatório do Presidente

  • No. do relatório

    P7400

  • Nº do volume

    1

  • Total Volume(s)

    1

  • País

    México,

  • Região

    América Latina e Caribe,

  • Data de divulgação

    2012/07/10

  • Disclosure Status

    Disclosed

  • Nome do documento

    Mexico - Structural Adjustment Loan to the Estado de Mexico Project

  • Palavras-chave

    structural adjustment loan;international credit rating agency;urban and regional planning;share of state;hard budget constraint;economic reform program;local fiscal effort;Demand For Education;social security system;balance of payment;implicit pension debt;structural adjustment program;resources for education;collection of water;real interest rate;source of financing;expenditure education;annual budget law;state pension system;public health provision;quality of instruction;external debt indicator;education and health;weights and measure;basic education activity;accountability for performance;municipal water utility;portability of pension;private sector involvement;urban rail transit;defined contribution system;international experiences show;private sector worker;finance and debt;structural adjustment process;portability of benefits;national water sector;quality at entry;social sector expenditure;public pension system;pension reform strategy;economies of scale;public education system;personnel management system;international oil price;federal fiscal policy;current account surplus;state tax revenue;stock of debt;state tax policy;supply of teacher;accessibility of service;fees and charge;federal level;fiscal account;decentralization reform;transfer system;contribution rate;Public Services;rural area;Tax Administration;Health Service;Macroeconomic Stability;payroll tax;floating debt;retirement age;metropolitan area;Teacher Recruitment;demonstration effect;net borrowing;fiscal situation;pension reserve;tax power;extreme poverty;national system;contingent liability;reform scenario;medium-term plan;Economic Policy;macroeconomic framework;state budget;fiscal problem;federal transfer;Labor Market;Subnational Debt;incentive framework;federal administration;federal policy;federal authority;investment program;social sustainability;public governance;bulk water;external financing;conditional transfer;contingent liabilities;urban school;important component;personnel process;corporate income;bureaucratic discretion;timely payment;teacher ratio;sales tax;supplier credit;educational level;financing cost;federal district;high poverty;education spending;political interest;account payable;impact indicator;sector ministers;efficiency gain;wage tax;public worker;acquired right;water problem;corrupt official;road building;pension contribution;employer contribution;diagnostic analysis;discretionary transfer;commercial sector;Pension Income;fiscal decentralization;mandatory contribution;tax distribution;education budget;fiscal deficit;tax system;foreign source;administrative capacity;private operator;highway concession;tax collection;local taxation;registration fee;capital income;capital revenue;institution need;programmable expenditure;budget reform;budget process;hidden cost;revolving credit;debt accumulation;yearly budget;expenditure decision;expenditure responsibility;sectoral expenditure;federal assistance;public awareness;approved budget;long-term sustainability;increasing share;foreign currency;road planning;budget allocation;project lending;fixed spread;front-end fee;financial system;health indicator;financial resource;improving enforcement;education transfer;union representative;public debt;exposure limit;fiscal imbalance;id number;educational outcome;mexican peso;production support;state spending;contribution base;general budget;financial weakness;large debt;outreach program;institutional problem;financial pressure;fiscal balance;debt service;teacher wage;job market;municipal workers;education systems;health-care provider;federal system;political influence;subnational levels;expert panel;adjustment assistance;debt crisis;automobile registration;public statement;fiscal issue;adjustment effort;regulatory system;fiscal authority;budget practice;decentralization process;Financial Sector;inflation rate;credit access;political transition;Urban Infrastructure;foreign debt;tranche release;total debt;social indicator;state revenue;debt flow

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