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Voting behavior and budget stability

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Table 2 shows the results obtained by the model described in the  previous section.
Figure 1 shows how, prior to the BSA, local governments  generated electoral cycles for debt, increasing it significantly in the  year before the elections and making adjustments in the year after  the election
Figure 4 shows how after the entry of the BSA this budgetary tool  has been used to influence citizens’ votes

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