Having privatized most of its state companies and its own bank in the 90’s, and having transferred its pension liabilities to the central government, there is no contingent liability due to these concepts..

Mendoza honored the payment of its debts and it keeps a fiscal policy which is recognized worldwide.

It has a Law of Fiscal Responsibility which:
* prohibits fiscal deficit, puts limits to public expenditure and to the government’s indebtness,
* establishes an anti-cyclic fiscal fund.

Mendoza has been considered by a recent survey as the clearest Province in regards to its access to fiscal information.

 Fiscal Surplus 2003 - 2008

	The political and economic management teams of Mendoza have historically been more sophisticated than those of most Argentinean provinces. The political landscape has traditionally been divided into three main powers which have granted a stable political balance..

	Mendoza has registered a continuous economic and fiscal recovery and it has adopted budgetary policies which contribute to financial flexibility.(…) The issuers have a very strong credit capacity in relation to other national issuers..

	The Province continued honoring its international bonds during the greatest part of the period which followed Argentina’s devaluation and non-compliance. (…) Different from the case of the sovereign government, The Province’s restructuring did not reduce the nominal value of the original bonds and it did not incur in any substantial problem with the central government, although the same is Mendoza’s largest creditor..