Hidden Bibliographic Details
| Other authors / contributors: | Lusinyan, Lusine, author.
International Monetary Fund. Fiscal Affairs Department, issuing body.
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| ISBN: | 1283560690
9781283560696
9781463949426
1463949421
1463981570
9781463981570
9786613873149
6613873144
1463986165
9781463986162
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| Notes: | At head of title: Fiscal Affairs Department.
Title from PDF title page (IMF Web site, viewed October 7, 2011).
"September 2011."
Includes bibliographical references.
English.
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| Summary: | 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 cross-country econometric evidence from OECD countries, and is particularly strong in the presence of regional disparities. Fiscal discipline can be strengthened by ensuring that sub-national taxing powers are adequate to meet spending obligations.
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| Other form: | Print version: Eyraud, Luc. Decentralizing Spending More than Revenue: Does It Hurt Fiscal Performance? Washington : International Monetary Fund, ©2011 9781463904944
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