Footnote:
In: Public Finance and Managament, Vol. 8, No. 1, 2008
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 29, 2008 erstellt
Description:
The search for political support leads ultimately to upward deviations from forecasted public deficits. This hypothesis is tested using a data set from Galician municipalities during the period 1985-1995. Econometric estimates demonstrate that single-party majority incumbents are less likely to change forecasted budgets. Moreover, upward deviations in the deficit tend to increase in election years. Incumbent's ideology is not relevant to explain deviations in deficit