According to an influential theoretical argument, presidential systems tend to present smaller governments relative to parliamentary countries because the separation between those who decide the size of the fiscal purse and those who allocate it creates incentives for lower public expenditures....

More than a decade of energy and transport subsidies have weakened Argentina's fiscal capacity. Following the 2001 crisis, public services tariffs were frozen in an attempt to offset the negative effects on households' real purchasing power. However, these subsidies steadily increased over the...