Intergovernmental Relations And Fiscal Discipline Between Common Tax Resources And Soft Budget Constraints
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Author | : Guiseppe Pisauro |
Publisher | : INTERNATIONAL MONETARY FUND |
Total Pages | : 30 |
Release | : 2001-05-01 |
Genre | : |
ISBN | : 9781451848687 |
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.
Author | : Giuseppe Pisauro |
Publisher | : |
Total Pages | : 31 |
Release | : 2006 |
Genre | : |
ISBN | : |
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.
Author | : Jonathan Rodden |
Publisher | : MIT Press |
Total Pages | : 502 |
Release | : 2003 |
Genre | : Business & Economics |
ISBN | : 9780262182294 |
A multi-country study of the conditions under which decentralized countries might ensure fiscal discipline.
Author | : Linda Gonçalves Veiga |
Publisher | : Springer |
Total Pages | : 79 |
Release | : 2014-08-14 |
Genre | : Science |
ISBN | : 3319062964 |
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.
Author | : |
Publisher | : |
Total Pages | : 30 |
Release | : 2005 |
Genre | : Budget |
ISBN | : |
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.
Author | : Karen M. Benker |
Publisher | : |
Total Pages | : 127 |
Release | : 1984 |
Genre | : Budget |
ISBN | : |
Author | : Marianne Vigneault |
Publisher | : |
Total Pages | : 30 |
Release | : 2000 |
Genre | : |
ISBN | : |
Author | : Mr.James Daniel |
Publisher | : International Monetary Fund |
Total Pages | : 80 |
Release | : 2006-08-17 |
Genre | : Business & Economics |
ISBN | : 9781589065130 |
The pamphlet (which updates the 1995 Guidelines for Fiscal Adjustment) presents the IMF’s approach to fiscal adjustment, and focuses on the role that sound government finances play in promoting macroeconomic stability and growth. Structured around five practical questions—when to adjust, how to assess the fiscal position, what makes for successful adjustment, how to carry out adjustment, and which institutions can help—it covers topics such as tax policies, debt sustainability, fiscal responsibility laws, and transparency.
Author | : Giuseppe Pisauro |
Publisher | : |
Total Pages | : 36 |
Release | : 2001 |
Genre | : Decentralization in government |
ISBN | : |
Author | : Eduardo Wiesner Durán |
Publisher | : IDB |
Total Pages | : 156 |
Release | : 2003 |
Genre | : Business & Economics |
ISBN | : 9781931003483 |
This text helps Latin American policymakers meet the challenge of decentralization to improve public sector performance at all levels of government by appropriately assigning jurisdiction over public goods, services, tax authority and user charges.