Strengthening Fiscal Frameworks and Improving the Spending Mix in Small States

Strengthening Fiscal Frameworks and Improving the Spending Mix in Small States
Reflecting diseconomies of scale in providing public goods and services, recurrentspending in small states typically represents a large share of GDP. For some small states,this limits the fiscal space available for growth-promoting capital spending. Small statesgenerally face greater revenue volatility than other country groups, owing to... READ MORE...

Publication date: June 2015
ISBN 9781513529103
$18.00

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