Decentralizing Spending More Than Revenue : Does it Hurt Fiscal Performance? /

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...

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Bibliographic Details
Main Author: Eyraud, Luc
Other Authors: Lusinyan, Lusine
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2011.
Series:IMF Working Papers; Working Paper ; No. 2011/226
Online Access:Full text available on IMF