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Intergovernmental Relations and Fiscal Discipline: Between Common Tax Resources and Soft Budget Constraints

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Release : 2001-05-01
Genre :
Kind : eBook
Book Rating : 687/5 ( reviews)

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Book Synopsis Intergovernmental Relations and Fiscal Discipline: Between Common Tax Resources and Soft Budget Constraints by : Guiseppe Pisauro

Download or read book Intergovernmental Relations and Fiscal Discipline: Between Common Tax Resources and Soft Budget Constraints written by Guiseppe Pisauro. This book was released on 2001-05-01. Available in PDF, EPUB and Kindle. Book excerpt: Fiscal decentralization is likely to entail a bias in the budget process toward higher public expenses and deficits. The paper reviews lessons drawn from the theoretical literature and international experience on the design of intergovernmental relations. The institutional setup should address the dual problem of "common tax resources" and "soft" budget constraints, where policies devised to correct one problem may exacerbate the other. An approach based on full tax autonomy of lower-tier governments and reliance on market discipline, not supplemented by self-imposed constitutional limits, is not advisable. More effective seems to be a cooperative approach with some preeminence granted to the central government.

Intergovernmental Relations and Fiscal Discipline

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Author :
Release : 2006
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Intergovernmental Relations and Fiscal Discipline by : Giuseppe Pisauro

Download or read book Intergovernmental Relations and Fiscal Discipline written by Giuseppe Pisauro. This book was released on 2006. Available in PDF, EPUB and Kindle. Book excerpt: Fiscal decentralization is likely to entail a bias in the budget process toward higher public expenses and deficits. The paper reviews lessons drawn from the theoretical literature and international experience on the design of intergovernmental relations. The institutional setup should address the dual problem of common tax resources and soft budget constraints, where policies devised to correct one problem may exacerbate the other. An approach based on full tax autonomy of lower-tier governments and reliance on market discipline, not supplemented by self-imposed constitutional limits, is not advisable. More effective seems to be a cooperative approach with some preeminence granted to the central government.

Fiscal Decentralization and the Challenge of Hard Budget Constraints

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Author :
Release : 2003
Genre : Business & Economics
Kind : eBook
Book Rating : 294/5 ( reviews)

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Book Synopsis Fiscal Decentralization and the Challenge of Hard Budget Constraints by : Jonathan Rodden

Download or read book Fiscal Decentralization and the Challenge of Hard Budget Constraints written by Jonathan Rodden. This book was released on 2003. Available in PDF, EPUB and Kindle. Book excerpt: A multi-country study of the conditions under which decentralized countries might ensure fiscal discipline.

Intergovernmental Fiscal Relations

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Author :
Release : 2014-08-14
Genre : Science
Kind : eBook
Book Rating : 964/5 ( reviews)

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Book Synopsis Intergovernmental Fiscal Relations by : Linda Gonçalves Veiga

Download or read book Intergovernmental Fiscal Relations written by Linda Gonçalves Veiga. This book was released on 2014-08-14. Available in PDF, EPUB and Kindle. Book excerpt: This book examines and analyzes issues related to public finance in subnational governments, along with a discussion of case studies on decentralization. Most of the analysis applies to all public goods and services provided by subnational governments, with some placed on the role of subnational governments in the management of environmental resources, notably water and waste Coverage includes optimal arrangements for sharing fiscal responsibilities among different levels of government, the potential impact of decentralization on the quality of public goods delivery, local governments’ expenditure and revenue choices, and the effect of decentralization on accountability, governance and policy outcomes. The scope of discussion extends to both public finance theory and applied policy debates. The first chapter, on trends in financing of public services, opens with an explanation of the how and why of government intervention in the economy, the nature and purposes of transfers between and among governments and trends in decentralization. Case studies examine the impact of decentralization in such areas as service delivery, water and sanitation, education and health, and on poverty and income inequality. Chapter 2 examines public budgets: governance structures, norms and organizational practices, building up understanding of budgets, budget cycles, fiscal revenues from fees and taxes, expenses, debt and political economy issues, rules mandating balanced budgets in government and more. Chapter 3 discusses issues of accountability and policy outcomes, offering important lessons from recent international experience, including ways to strengthen political, administrative and financial accountability. The concluding chapter recounts lessons from recent international experience and surveys implications for the nexus approach to management of environmental resources. The information, analysis and expert advice presented here is particularly relevant for developing and emerging countries, where well designed decentralization reforms have a higher potential to improve efficiency in the provision of public services, and to enhance the development of integrated and sustainable strategies for the use of water, soil and waste resources and applications that advance the nexus approach.

Intergovernmental Fiscal Relations and the Soft Budget Constraint Problem

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Author :
Release : 2005
Genre : Budget
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Intergovernmental Fiscal Relations and the Soft Budget Constraint Problem by :

Download or read book Intergovernmental Fiscal Relations and the Soft Budget Constraint Problem written by . This book was released on 2005. Available in PDF, EPUB and Kindle. Book excerpt: The soft budget constraint problem in intergovernmental fiscal relations arises when subnational governments' spending and borrowing decisions are influenced by the expectation of receiving additional resources from the central government. The paper describes the key determinants of soft budget constraints and surveys the theoretical and empirical literature on the topic. An ssessment of the soft budget constraint problem is provided for selected, developed, developing, and transition economies as reported in the case study literature. The paper concludes with a discussion of the methods that may be employed to mitigate the soft budget constraint problem.

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