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Contaduría y administración

Print version ISSN 0186-1042


ASTUDILLO MOYA, Marcela; BLANCAS NERIA, Andrés  and  FONSECA CORONA, Francisco Javier. Transparency and accountability, mechanisms to limit subnational public debt?. Contad. Adm [online]. 2018, vol.63, n.3. ISSN 0186-1042.

This article analyzes the way in which State and local entities report on their indebtedness. Subnational public debt has grown rapidly, especially since 2008 for a variety of reasons, including lack of transparency and accountability in state public finances. Based on the review of official documents of State and local entities, the Ministry of Finance Office, and the regulatory framework, it was found that such State and local entities report on the amount, creditors, maturities and service of their public debt; however, not all the entities are accountable for the destination of the resources obtained through this source of income. It is necessary to include in Mexican legislation the obligation to render accounts regarding the destination of resources derived from indebtedness; It is not enough to prohibit indebtedness to cover current expenditure, it is necessary to make transparent the use of resources.

Keywords : Subnational Debt; Transparency; Accountability; Corruption; H; H7; H74; H79; H83; K4; K42; M42; M48.

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