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local government finances

Community

OECD/UCLG World Observatory on Subnational Government Finance launches its third edition

October 24, 2022 LPS Alliance

The OECD/UCLG World Observatory on Subnational Government Finance and Investment (SNG-WOFI) initiative is the world’s leading source of internationally comparable data and analysis on multi-level governance and subnational finance frameworks. Launched on October 24, 2022, […]

Events

Fiscal Decentralization and Local Finance (2021)

January 13, 2021 LPS Alliance

How a country organizes its public finances forms the basis for how local authorities govern priorities in cities, towns, and villages. While national governments have the responsibility to design and supervise a system that works, […]

Community

PEFA: Guidance for Subnational Government PEFA Assessments

January 30, 2020 LPS Alliance

The PEFA Steering Committee decided on June 2019 to revise the guidance for subnational government (SNG) PEFA assessments to better reflect SNG typologies and intergovernmental fiscal relations systems in each country. The revised guidance proposes […]

Fiscal Decentralization

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 […]

Fiscal Decentralization

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 […]

Europe & Central Asia

Bulgaria Parliament Adopts Rules on Procedure for Financial Recovery of Municipalities

June 7, 2016 LPS Initiative

Bulgaria’s National Assembly passed at second reading amendments to the Public Finance Act, introducing rules on launching a procedure for financial recovery of municipalities in the form of interest-free credit granted from the state budget, […]

Africa

Nigeria: States Endorse 22-Point Fiscal Reform Action Plan

May 27, 2016 LPS Initiative

State governments have agreed to reform their finances as well as that of their local governments under a Fiscal Sustainability Programme to ensure their long term viability. The Special Adviser Media to the Minister of Finance, […]

Decentralization

Local Development Funds Shift Decision-Making Power to Mongolia’s Citizens

May 19, 2016 LPS Initiative

Many stories about Mongolia lead with the economic “boom” the country has experienced from its vast mineral resources. While the economic windfalls have certainly driven the country’s rapid development over the last decade, Mongolia has […]

Asia

Subnational Health Care Financing Reforms in Indonesia

April 19, 2016 LPS Initiative

Indonesia has seen an emergence of local health care financing schemes over the last decade, implemented and operated by district governments. Often motivated by the local political context and characterized by a large degree of […]

Fiscal Decentralization

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 […]

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