El impacto del principio de estabilidad presupuestaria sobre los Gobiernos locales

The recent amended article 135 of the Spanish Constitution imposes the mandate to all Public Administrations to act according to the principle of budget stability. This constitutional norm has been developed by the Organic Act 2/2012, of 27 April, of Budget Stability and Financial Sustainability. This Organic Act has conceived this principle in relation to local entities as an obligation to hold a balanced budget and it does not allow to these entities to fall into a structural deficit. This limit does not apply to the Central Government and Autonomous Communities. This article analyzes the issues that derive from this limit imposed to local entities and it begins by addressing a basic question –not clear in the legislation in force– which is the understanding of the concept of balanced budget ​
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