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Municipal revenue over-budgeting: a dynamic analysis of its determinants

Bibliographic Details
Main Author: Jorge, Susana
Publication Date: 2022
Other Authors: Cerqueira, Pedro, Furtado, Sofia
Format: Article
Language: eng
Source: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Download full: https://hdl.handle.net/1822/83844
Summary: Published online: 17 Jan 2022
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spelling Municipal revenue over-budgeting: a dynamic analysis of its determinantsLocal financeBudget inflationBudgetary determinantsInstitutional determinantsPolitical determinantsDynamic panel analysisCiências Sociais::Economia e GestãoSocial SciencesPublished online: 17 Jan 2022This paper investigates which factors affect revenue over-budgeting in the local government, considering budgetary, political, and institutional determinants. It applies dynamic panels analysis to data from Portuguese municipalities between 2005 and 2017. Regarding budgetary arrangements, over-budgeting has implications for several years, taking up to three years to dissipate. The difference between budgeted revenues and the ones collected in the previous year is a good predictor that revenue is overestimated. The ratio of own-source over total revenue is directly related with over-budgeting; however, this effect comes from the municipality’s wealth. About political factors, municipal Executives with political majorities and in electoral years are more prone to over-budget; however, ideology does not seem to be important. As for institutional arrangements, participation in any debt restructuring program is inversely related to over-budgeting, while excessive debt does not seem to play any role. Overall, the only mechanism which reduces over-budgeting misbehavior is external control.This research was funded by the Foundation for Science and Technology of the Portuguese Ministry for Education and Science, Refs UIDB/05037/2020 and UIDB/CPO/00758/2020.RoutledgeUniversidade do MinhoJorge, SusanaCerqueira, PedroFurtado, Sofia20222022-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/1822/83844engJorge, S., Cerqueira, P., & Furtado, S. (2022, January 17). Municipal revenue over-budgeting: a dynamic analysis of its determinants. Local Government Studies. Informa UK Limited. http://doi.org/10.1080/03003930.2021.20253590300-39301743-938810.1080/03003930.2021.2025359https://www.tandfonline.com/doi/full/10.1080/03003930.2021.2025359info:eu-repo/semantics/openAccessreponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2024-05-11T06:16:01Zoai:repositorium.sdum.uminho.pt:1822/83844Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-28T15:47:05.445161Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse
dc.title.none.fl_str_mv Municipal revenue over-budgeting: a dynamic analysis of its determinants
title Municipal revenue over-budgeting: a dynamic analysis of its determinants
spellingShingle Municipal revenue over-budgeting: a dynamic analysis of its determinants
Jorge, Susana
Local finance
Budget inflation
Budgetary determinants
Institutional determinants
Political determinants
Dynamic panel analysis
Ciências Sociais::Economia e Gestão
Social Sciences
title_short Municipal revenue over-budgeting: a dynamic analysis of its determinants
title_full Municipal revenue over-budgeting: a dynamic analysis of its determinants
title_fullStr Municipal revenue over-budgeting: a dynamic analysis of its determinants
title_full_unstemmed Municipal revenue over-budgeting: a dynamic analysis of its determinants
title_sort Municipal revenue over-budgeting: a dynamic analysis of its determinants
author Jorge, Susana
author_facet Jorge, Susana
Cerqueira, Pedro
Furtado, Sofia
author_role author
author2 Cerqueira, Pedro
Furtado, Sofia
author2_role author
author
dc.contributor.none.fl_str_mv Universidade do Minho
dc.contributor.author.fl_str_mv Jorge, Susana
Cerqueira, Pedro
Furtado, Sofia
dc.subject.por.fl_str_mv Local finance
Budget inflation
Budgetary determinants
Institutional determinants
Political determinants
Dynamic panel analysis
Ciências Sociais::Economia e Gestão
Social Sciences
topic Local finance
Budget inflation
Budgetary determinants
Institutional determinants
Political determinants
Dynamic panel analysis
Ciências Sociais::Economia e Gestão
Social Sciences
description Published online: 17 Jan 2022
publishDate 2022
dc.date.none.fl_str_mv 2022
2022-01-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://hdl.handle.net/1822/83844
url https://hdl.handle.net/1822/83844
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Jorge, S., Cerqueira, P., & Furtado, S. (2022, January 17). Municipal revenue over-budgeting: a dynamic analysis of its determinants. Local Government Studies. Informa UK Limited. http://doi.org/10.1080/03003930.2021.2025359
0300-3930
1743-9388
10.1080/03003930.2021.2025359
https://www.tandfonline.com/doi/full/10.1080/03003930.2021.2025359
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Routledge
publisher.none.fl_str_mv Routledge
dc.source.none.fl_str_mv reponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron:RCAAP
instname_str FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron_str RCAAP
institution RCAAP
reponame_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
collection Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
repository.name.fl_str_mv Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
repository.mail.fl_str_mv info@rcaap.pt
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