Is Latin America on the Right Track? An Analysis of Medium-Term Frameworks and the Budget Process

49 Pages Posted: 21 Apr 2011

See all articles by Gabriel Filc

Gabriel Filc

Center for the Implementation of Public Policies (CIPPEC)

Carlos Scartascini

Research Department - Inter-American Development Bank (IDB)

Multiple version iconThere are 2 versions of this paper

Date Written: March 2010

Abstract

Medium Term Fiscal Frameworks (MTFs) have become one of the most popular reforms to the budgetary process in Latin America during the last decade, and introducing MTFs seemed to be the magic solution for most fiscal ailments. Nonetheless, there has been no comprehensive evaluation of their impact. This document discusses the normative merits of using MTFs, provides a characterization of the different types of MTF, and describes their development in the Latin American region based on extensive field work. As a first approximation for understanding how they are working, this document explores in detail the cases of Argentina, Colombia and Peru. While an unambiguous diagnosis is not possible, this document lays the groundwork for progress toward comprehensive impact evaluations and, eventually, to the consolidation of MTFs in the region.

Suggested Citation

Filc, Gabriel and Scartascini, Carlos G., Is Latin America on the Right Track? An Analysis of Medium-Term Frameworks and the Budget Process (March 2010). IDB Working Paper No. 45, Available at SSRN: https://ssrn.com/abstract=1817278 or http://dx.doi.org/10.2139/ssrn.1817278

Gabriel Filc (Contact Author)

Center for the Implementation of Public Policies (CIPPEC) ( email )

Buenos Aires
United States

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

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