Fiscal Decentralization Archives – Page 10 of 11

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Fiscal Decentralization and Local Finance in Developing Countries: Development from Below

May 17, 2018 LPS Alliance

As experience with decentralization has accumulated, perceptions of both the problems that often accompany decentralization and the best ways to deal with them have evolved. This book draws on experiences in developing countries to bridge […]

The Design of Equalization Grants: Theory and Applications

May 5, 2018 LPS Alliance

Intergovernmental transfers form the cornerstone of subnational government financing in most developing and transition countries. The general term “transfers” is often used to refer to a number of different kinds of public financing instruments, including […]

Local government finances during the “Great Recession”

March 26, 2018 LPS Alliance

This report–written by Professor Harold (Hal) Wolman for the German Marshall Fund of the United States –examines how national government policy, and particularly national grant systems, affected local governments during the “Great Recession” and its […]

Institutions of Intergovernmental Fiscal Relations: Challenges Ahead

February 21, 2017 Jamie Boex

Intergovernmental fiscal institutions are the overarching framework for relations across government levels. They comprise the constitutional set up of a country; the division of power between government levels; the prevalence of fiscal rules across government […]

Brazil to allow states with good ratings to issue new debt

December 2, 2016 LPS Initiative

The National Monetary Council, known as CMN, said it will permit states under the fiscal adjustment program to tap 7 billion reais in new credit backed by the national treasury. The government had not allowed […]

Does Fiscal Decentralisation Foster Regional Convergence?

October 6, 2016 LPS Initiative

Across the OECD, GDP per capita is converging. In contrast, regional disparities – or differences in GDP per capita across jurisdictions – are rising, mainly as a result of widening productivity differences. Fiscal decentralisation could […]

Nepal: Public Finance in Schools

August 24, 2016 LPS Initiative

Nepal’s school education system, one of the most decentralised sectors, involves various institutions at the local level. The current mode of decentralisation allows school stakeholders to spend state funds as specified and transferred by the […]

The Fiscal Risk of Local Government Revenue in the People’s Republic of China

July 27, 2016 LPS Initiative

Since the Tax Sharing Reform in 1994, the local government revenue of the People’s Republic of China (PRC) has faced downward risk problems. This paper reviews the fiscal and taxation reforms in the central and local […]

Do the Poor Count in Fiscal Decentralization Policy?

June 30, 2016 LPS Initiative

Various fiscal decentralization instruments help improve livelihoods for the poor. The general grant transfers in particular enable the fiscally disadvantaged localities to provide public services at levels comparable to rich jurisdictions. Although previous research abounds […]

How Well Do Subnational Borrowing Regulations Work?

April 1, 2016 LPS Initiative

There are many positive aspects associated with subnational borrowing, including additional funding and promoting intergenerational equity. However, it may also endanger fiscal sustainability and macro stability due to moral hazard and soft budget constraints, making borrowing controls justified […]