The Impact of Political Change, Debt Servicing and Fiscal Deficits on Argentinian Budgetary Priorities
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Authors
Looney, Robert E.
Subjects
Advisors
Date of Issue
1986
Date
Publisher
Monterey, California: Naval Postgraduate School.
Language
Abstract
The turbulent world economic conditions of the 1970s and 1980s have required major
adjustments within individual Third World countries. Two distinct responses were made
by various governments: some reacted rather quickly with internal adjustment policies,
while others borrowed heavily in order to finance high growth rates or at least to
postpone economic contraction. Argentina is one of many countries that fall into the
latter category.
As the resulting debt service costs have risen and revenues levelled off or declined,
the Argentine government has been forced to re-evaluate programmes in an effort to
curtail government spending. This article examines the character of the sectoral
adjustment that has taken place in the main functional areas of government
expenditures.
Type
Article
Description
An earlier version of this paper was presented at the Western Economic Association's 61st Annual Conference,
1-5 July, 1986 in San Francisco, California. The author wishes to thank two anonymous reviewers for many
extremely valuable comments on the earlier draft of the paper.
Series/Report No
Department
National Security Affairs