Argentina: from insolvency to growth by World Bank PDF

By World Bank

ISBN-10: 0821324632

ISBN-13: 9780821324639

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Macroeconomic Projections 194 B. Sustainability of the Fiscal Balance 199 C. Savings from Recommended Reforms 203 D. 1 General Description of the Projections 259 Statistical Appendix 273 Page xi EXECUTIVE SUMMARY A Overview Three Years of Progress 1. The Menem Administration assumed office in July 1989 after a decade of crisis in public finances that had culminated in hyperinflation. The new team inherited weak public institutions accustomed to deficit spending and reliance on the inflation tax.

30. A stronger insurance system, such as that contemplated in the recently prepared draft law on obras sociales, would also relieve the federal bureaucracy of major expenditures through the budget for financing the deficits of the insurance fundsthrough the ANSSAL (US$217 million in 1992). Remaining expenditures could be focused on core national objectives: vaccinations, preventive medicine, prevention of drug abuse, sanitation regulation, and targeted programs of maternal and child health care.

Loans and scholarships for low-income, meritorious students) to enhance financing. Adopting a needs-based, targeted student loan program would ensure that low-income students would have access to university education. If the system's 700,000 students were charged a modest tuition of US$ 100 per term plus US$20 per month (private universities charge US$250-600 for tuition plus HS$300-800 month), the Government would mobilize nearly US$300 million in additional funds. Adopting a needs-based, targeted student loan program would ensure that low-income students would have access to university education.

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Argentina: from insolvency to growth by World Bank

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