Аннотация:Federalism in general and fiscal federalism in particular are crucial axes of Argentina's history, of Argentina's present, and of Argentina's possible futures. This chapter provides a brief description of some basic characteristics of federalism in Argentina, with focus on many deficiencies of federal fiscal arrangements. Then it applies the analytical framework developed in Part I to explain those inefficiencies as the dynamic outcome of a game among the national government and provincial governments. This gaming around federal fiscal issues (the distribution of taxes, transfers, and spending responsibilities) permeates national and subnational policy making in crucial policy areas such as the social sectors.