Author: Robin W. Boadway
Publisher: World Bank Publications
ISBN: 0821364936
Category : Political Science
Languages : en
Pages : 624
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Book Description
The design of intergovernmental fiscal transfers has a strong bearing on efficiency and equity of public service provision and accountable local governance. This book provides a comprehensive one-stop window/source of materials to guide practitioners and scholars on design and worldwide practices in intergovernmental fiscal transfers and their implications for efficiency, and equity in public services provision as well as accountable governance.
Author: Munawwar Alam
Publisher: Commonwealth Secretariat
ISBN: 1849291179
Category : Political Science
Languages : en
Pages : 126
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Book Description
Despite growing fiscal devolution, efficient and effective intergovernmental transfers – the transfer of money from central to lower levels of government – remain a vital sub-national government financing in developing countries. This research study examines different approaches to intergovernmental transfers (ICTs) in developing countries in the Commonwealth, and assesses their relative strengths and weaknesses. It includes detailed case studies of India and Kenya, lessons learned from IGT systems in Australia and the United Kingdom.
Author: Jun Ma
Publisher:
ISBN:
Category : Intergovernmental fiscal relations
Languages : en
Pages : 86
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Book Description
Author: Robin W. Boadway
Publisher: World Bank Publications
ISBN:
Category : Business & Economics
Languages : en
Pages : 694
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Book Description
The design of intergovernmental fiscal transfers has a strong bearing on efficiency and equity of public service provision and accountable local governance. This book provides a comprehensive one-stop window/source of materials to guide practitioners and scholars on design and worldwide practices in intergovernmental fiscal transfers and their implications for efficiency, and equity in public services provision as well as accountable governance.
Author: Paul J. Smoke
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 302
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Book Description
Intergovernmental transfers are an important tool of public sector finance in both industrialized and developing countries. Critically examining selected intergovernmental transfers in three large Asian countries--India, Pakistan, and the Philippines--this study highlights lessons from these countries that those intending to reform their intergovernmental transfer systems might apply. Each country is considered in light of the accepted principles and international practices of intergovernmental transfers. A summary is provided that synthesizes the results from case studies, examining how they meet individual country objectives and how they relate to broader international experience.
Author: Jorge Martinez-Vazquez
Publisher: Springer Science & Business Media
ISBN: 0387489886
Category : Business & Economics
Languages : en
Pages : 495
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Book Description
In this book, experts from across the globe highlight the state of knowledge in intergovernmental transfer design. The essays collected in the volume represent creative new thinking about challenging policy issues and offer useful options for policy makers. The book offers academics and practitioners a thorough, thematic assessment of unresolved issues in the design of equalization grants.
Author: Richard Miller Bird
Publisher: Cambridge University Press
ISBN: 0521641438
Category : Business & Economics
Languages : en
Pages : 316
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Book Description
There appears to be an increasing trend in worldwide fiscal decentralization. In particular, many developing countries are turning to various forms of fiscal decentralization as an escape from inefficient and ineffective governance, macroeconomic stability, and inadequate growth. Fiscal Decentralization in Developing Countries: An Overview edited by Professors Bird and Vaillancourt and featuring important research from leading scholars assesses the progress, problems and potentials of fiscal decentralization in a variety of developing countries around the world. With rich and varied case-study material from countries as diverse as India, China, Colombia, Bosnia-Herzegovina and South Africa this volume complements neatly the collection Fiscal Aspects of Evolving Federations edited by David Wildasin and also published by Cambridge, which presented theoretical advances in the area of research.
Author: Anwar Shah
Publisher: Washington, D.C. : World Bank
ISBN:
Category : Intergovernmental fiscal relations
Languages : en
Pages : 104
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Book Description
An important dimension of public sector reform in developing and emerging market economies has been the loosening of central control over the private sector and lower level governments. The author's overview of the principles and best practices of fiscal federalism should help guide policy debates on restructuring intergovernmental fiscal arrangements. Strong emphasis on central planning impedes innovative responses to local issues by local governments and stymies private sector development. Decentralization should be the rule, the author argues, unless a strong case can be made for centralizing specific responsibilities. Local public services can be provided more efficiently if expenditures more closely match local needs and preferences. More closely linking benefits to costs also promotes accountability. Increased fiscal autonomy can also help mobilize more revenue from local sources, improving a country's fiscal position. And decentralized desicion-making encourages local participation in development. Constitutional responsibilities should be stated clearly and precisely. Tax and spending assignments should be determined simultaneously, so revenue means are matched as closely as possible to spending needs at each level of government. In most developing countries, subnational governments have limited access to their own tax bases and depend on higher level transfers. A grant's design should reflect the situation and objectives. The author gives examples. Although most countries give a high priority to limiting interregional fiscal disparities, no developing or transitional economy has adopted an explicit standard for equalization. Revenue sharing should be supplemented by an equilization program with a specified standard rather than by combining several factors into one formula. Local borrowing to meet capital expenditures is a major issue in most developing countries. In such cases, autonomous bodies can supervise and assist local borrowing for capital projects. The decentralization of responsibilities and the rationalization of intergovernmental transfers should be supported by strengthening local institutional capabilities. Monitoring, auditing, and inspections functions in most developing nations especially need to be strengthened. Transitional economies also need to give high priority to establishing or improving framework laws on property rights, corporate legal ownership and control, and bankruptcy, and financial accounting and control.
Author: Anwar Shah
Publisher: World Bank Publications
ISBN:
Category : Debt Markets
Languages : en
Pages : 51
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Book Description
Intergovernmental fiscal transfers are a dominant feature of subnational finance in most countries. They are used to ensure that revenues roughly match the expenditure needs of various orders (levels) of subnational governments. They are also used to advance national, regional, and local area objectives, such as fairness and equity, and creating a common economic union. The structure of these transfers creates incentives for national, regional, and local governments that have a bearing on fiscal management, macroeconomic stability, distributional equity, allocative efficiency, and public services delivery. This paper reviews the conceptual, empirical, and practice literature to distill lessons of policy interest in designing the fiscal transfers to create the right incentives for prudent fiscal management and competitive and innovative service delivery. It provides practical guidance on the design of performance-oriented transfers that emphasize bottom-up, client-focused, and results-based government accountability. It cites examples of simple but innovative grant designs that can satisfy grantors' objectives while preserving local autonomy and creating an enabling environment for responsive, responsible, equitable, and accountable public governance. The paper further provides guidance on the design and practice of equalization transfers for regional fiscal equity as well as the institutional arrangements for implementation of such transfer mechanisms. It concludes with negative (practices to avoid) and positive (practices to emulate) lessons from international practices.
Author: Abdul D. Abiad
Publisher: Asian Development Bank
ISBN: 9292623273
Category : Political Science
Languages : en
Pages : 240
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Book Description
This publication assesses India’s fiscal federalism framework and presents recommendations to strengthen the country’s fiscal framework that include a combination of unconditional, specific purpose and performance-based transfers. A mechanism for allocating performance-based grants to Indian states is proposed based on improvements in governance index. The publication also contributes to a deeper understanding of decentralization reforms across Asian countries. It synthesizes learnings from the experiences of Australia, Indonesia, Japan, the People’s Republic of China and the Republic of Korea on the design of intergovernmental fiscal transfer systems and the use of performance-based transfers for promoting subnational governance and outcomes in social sectors such as education and health.
