DEFICIT FINANCING FINANCIACION DEL DEFICIT ADMINISTRACION FINANCIERA ADMINISTRACION FISCAL ANALISIS COMPARATIVO BUDGETARY POLICY COMPARATIVE ANALYSIS DEUDA EXTERNA Diagramas de fase ECONOMIC STABILIZATION ESTABILIZACION ECONOMICA EXTERNAL DEBT FEDERALISM FEDERALISMO FINANCIAL MANAGEMENT FINANZAS LOCALES FISCAL POLICY INGRESOS FISCALES INVERSION PUBLICA LOCAL FINANCE MONETARY POLICY POLITICA FISCAL POLITICA MONETARIA POLITICA PRESUPUESTARIA PUBLIC INVESTMENT Phase diagrams TAX ADMINISTRATION TAX REVENUES