Narrowing Vertical Fiscal Imbalances in Four European Countries

Working Paper No. 12/91

Nopic
This paper describes the institutional changes that have induced a decline in the vertical fiscal imbalance (VFI) - defined as the share of sub-national own spending not financed through own revenues - in four European countries: Belgium, Italy, Norway, and Spain. The decline in VFI was achieved through progressive devolution of revenues to... READ MORE...

Publication date: March 2012
ISBN 9781475502664
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Publication date: March 2012

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Publication date: March 2012

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