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https://hdl.handle.net/10316/114942
Title: | Municipal revenue over-budgeting: a dynamic analysis of its determinants | Authors: | Jorge, Susana Cerqueira, Pedro Furtado, Sofia |
Keywords: | Local finance; budget inflation; budgetary determinants; institutional determinants; political determinants; dynamic panel analysis | Issue Date: | 2022 | Publisher: | Taylor & Francis | Project: | UIDB/05037/2020 info:eu-repo/grantAgreement/UIDB/00758/2020 |
Serial title, monograph or event: | Local Government Studies | Volume: | 49 | Issue: | 3 | Abstract: | This paper investigateswhich factors affect revenue over-budgeting in the local government,considering budgetary, political, and institutional determinants. It appliesdynamic panels analysis to data from Portuguese municipalities between 2005 and2017. Regarding budgetary arrangements, over-budgeting has implications forseveral years, taking up to three years to dissipate. The difference between budgetedrevenues and the ones collected in the previous year is a good predictor thatrevenue is overestimated. The ratio of own-source over total revenue isdirectly related with over-budgeting; however, this effect comes from the municipality’swealth. About political factors, municipal Executives with political majoritiesand in electoral years are more prone to over-budget; however, ideology does not seem to be important. Asfor institutional arrangements, participationin any debt restructuring program is inversely related to over-budgeting, whileexcessive debt does not seem to play any role. Overall, the only mechanismwhich reduces over-budgeting misbehavior is external control. | URI: | https://hdl.handle.net/10316/114942 | ISSN: | 0300-3930 1743-9388 |
DOI: | 10.1080/03003930.2021.2025359 | Rights: | openAccess |
Appears in Collections: | I&D CeBER - Artigos em Revistas Internacionais FEUC- Artigos em Revistas Internacionais |
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Municipal-revenue-overbudgeting-a-dynamic-analysis-of-its-determinantsLocal-Government-Studies.pdf | 1.26 MB | Adobe PDF | View/Open |
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