Fiscal federalism and subnational finance in Argentina before and after the pandemic storm

Abstract

The paper is adressed to examine the general framework of fiscal federalism and subnational finances in Argentina and its behaviour considering the structural scenario and incidence of modern crises, not ommiting the very important one of 2001 but emphasyzing in particular the caused for the international slowdown (2008) and the great pandemic cicle (2020-2022). Crises affected subnational finances but not transformed essentially its estructure. In the fiscal-federal scheme the financial power is retained clearly by the central government which is also the main public debtor.