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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| Natura: | Periodico |
| Lingua: | English |
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Washington, D.C. :
International Monetary Fund,
2011.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2011/226 |
| Accesso online: | Full text available on IMF |