Decentralizing Spending More Than Revenue : Does it Hurt Fiscal Performance?

Does it Hurt Fiscal Performance?

Decentralizing Spending More Than Revenue : Does it Hurt Fiscal Performance?
In many countries the decentralization of spending responsibilities has outpaced the decentralization of revenue powers. Sub-national governments have then to rely on transfers from the center and borrowing to finance their spending. When this occurs, we find that the overall fiscal deficit tends to increase. This result is based on... READ MORE...

Publication date: September 2011
ISBN 9781463904944
$18.00

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