In a multi-level government system, the assignment of roles and responsibilities and institutional legacies between the federal and the subnational governments often create imbalances. A common challenges is a primary vertical fiscal imbalance, which is […]
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 […]
This paper investigates the effects of political (mis)alignment on public service delivery when mandates are shared between state and local governments. As argued by Oates (1972) long ago, when local administrations are not pressured to […]
Latin American countries have made great strides in increasing total revenue. The biggest challenge they face, however, is reforming tax institutions and rules. The importance of taxation as a development tool cannot be emphasized enough, […]
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