Macro Policy Lessons for a Sound Design of Fiscal Decentralization-Background Studies

Macro Policy Lessons for a Sound Design of Fiscal Decentralization-Background Studies

Author: International Monetary Fund. Fiscal Affairs Dept.

Publisher: International Monetary Fund

Published: 2009-07-27

Total Pages: 88

ISBN-13: 1498335799

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This paper provides background to the Board paper on Macro Policy Lessons for a Sound Design of Fiscal Decentralization. It summarizes the findings and recommendations of the Fiscal Affairs Department (FAD) for ten countries to which it provided advice on fiscal decentralization. The selected countries (Bolivia, People’s Republic of China, Colombia, Democratic Republic of Congo, Indonesia, Kosovo, Liberia, FYR Macedonia, Mexico, and Nigeria) represent different regions, varying institutional arrangements, and diverse stages of the decentralization process.


Book Synopsis Macro Policy Lessons for a Sound Design of Fiscal Decentralization-Background Studies by : International Monetary Fund. Fiscal Affairs Dept.

Download or read book Macro Policy Lessons for a Sound Design of Fiscal Decentralization-Background Studies written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2009-07-27 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides background to the Board paper on Macro Policy Lessons for a Sound Design of Fiscal Decentralization. It summarizes the findings and recommendations of the Fiscal Affairs Department (FAD) for ten countries to which it provided advice on fiscal decentralization. The selected countries (Bolivia, People’s Republic of China, Colombia, Democratic Republic of Congo, Indonesia, Kosovo, Liberia, FYR Macedonia, Mexico, and Nigeria) represent different regions, varying institutional arrangements, and diverse stages of the decentralization process.


Macro Policy Lessons for a Sound Design of Fiscal Decentralization

Macro Policy Lessons for a Sound Design of Fiscal Decentralization

Author: International Monetary Fund. Fiscal Affairs Dept.

Publisher: International Monetary Fund

Published: 2009-07-27

Total Pages: 55

ISBN-13: 1498335810

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Fiscal decentralization has been, and remains high on the policy agenda of many countries. It is mainly driven by political pressures, which tend to be especially evident in countries with multiple ethnicities, and/or wide regional disparities in incomes or resource endowments. More generally, decentralization pressures frequently reflect a desire for more participatory government and greater voice of local constituents in the allocation of budgetary resources. Regardless of its motivation, fiscal decentralization can have important macroeconomic implications. Therefore, Fund advice to member countries (whether in the context of surveillance, program design, or technical assistance) has often focused on the design and implementation of intergovernmental fiscal arrangements. This paper distills the main lessons from the Fund’s engagement with member countries in this area, drawing in particular, (but not exclusively) on technical assistance (TA) provided by the Fiscal Affairs Department (FAD) to ten countries which are broadly representative of the range of members that have requested assistance in this area.


Book Synopsis Macro Policy Lessons for a Sound Design of Fiscal Decentralization by : International Monetary Fund. Fiscal Affairs Dept.

Download or read book Macro Policy Lessons for a Sound Design of Fiscal Decentralization written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2009-07-27 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fiscal decentralization has been, and remains high on the policy agenda of many countries. It is mainly driven by political pressures, which tend to be especially evident in countries with multiple ethnicities, and/or wide regional disparities in incomes or resource endowments. More generally, decentralization pressures frequently reflect a desire for more participatory government and greater voice of local constituents in the allocation of budgetary resources. Regardless of its motivation, fiscal decentralization can have important macroeconomic implications. Therefore, Fund advice to member countries (whether in the context of surveillance, program design, or technical assistance) has often focused on the design and implementation of intergovernmental fiscal arrangements. This paper distills the main lessons from the Fund’s engagement with member countries in this area, drawing in particular, (but not exclusively) on technical assistance (TA) provided by the Fiscal Affairs Department (FAD) to ten countries which are broadly representative of the range of members that have requested assistance in this area.


Macro Policy Lessons for a Sound Design of Fiscal Decentralization-Background Studies

Macro Policy Lessons for a Sound Design of Fiscal Decentralization-Background Studies

Author: Internationaler Währungsfonds

Publisher:

Published: 2009

Total Pages: 0

ISBN-13:

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This paper provides background to the Board paper on Macro Policy Lessons for a Sound Design of Fiscal Decentralization. It summarizes the findings and recommendations of the Fiscal Affairs Department (FAD) for ten countries to which it provided advice on fiscal decentralization. The selected countries (Bolivia, People's Republic of China, Colombia, Democratic Republic of Congo, Indonesia, Kosovo, Liberia, FYR Macedonia, Mexico, and Nigeria) represent different regions, varying institutional arrangements, and diverse stages of the decentralization process.


Book Synopsis Macro Policy Lessons for a Sound Design of Fiscal Decentralization-Background Studies by : Internationaler Währungsfonds

Download or read book Macro Policy Lessons for a Sound Design of Fiscal Decentralization-Background Studies written by Internationaler Währungsfonds and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides background to the Board paper on Macro Policy Lessons for a Sound Design of Fiscal Decentralization. It summarizes the findings and recommendations of the Fiscal Affairs Department (FAD) for ten countries to which it provided advice on fiscal decentralization. The selected countries (Bolivia, People's Republic of China, Colombia, Democratic Republic of Congo, Indonesia, Kosovo, Liberia, FYR Macedonia, Mexico, and Nigeria) represent different regions, varying institutional arrangements, and diverse stages of the decentralization process.


Macro Policy Lessons for a Sound Design of Fiscal Decentralization

Macro Policy Lessons for a Sound Design of Fiscal Decentralization

Author: Internationaler Währungsfonds

Publisher:

Published: 2009

Total Pages: 0

ISBN-13:

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Fiscal decentralization has been, and remains high on the policy agenda of many countries. It is mainly driven by political pressures, which tend to be especially evident in countries with multiple ethnicities, and/or wide regional disparities in incomes or resource endowments. More generally, decentralization pressures frequently reflect a desire for more participatory government and greater voice of local constituents in the allocation of budgetary resources. Regardless of its motivation, fiscal decentralization can have important macroeconomic implications. Therefore, Fund advice to member countries (whether in the context of surveillance, program design, or technical assistance) has often focused on the design and implementation of intergovernmental fiscal arrangements. This paper distills the main lessons from the Fund's engagement with member countries in this area, drawing in particular, (but not exclusively) on technical assistance (TA) provided by the Fiscal Affairs Department (FAD) to ten countries which are broadly representative of the range of members that have requested assistance in this area.


Book Synopsis Macro Policy Lessons for a Sound Design of Fiscal Decentralization by : Internationaler Währungsfonds

Download or read book Macro Policy Lessons for a Sound Design of Fiscal Decentralization written by Internationaler Währungsfonds and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fiscal decentralization has been, and remains high on the policy agenda of many countries. It is mainly driven by political pressures, which tend to be especially evident in countries with multiple ethnicities, and/or wide regional disparities in incomes or resource endowments. More generally, decentralization pressures frequently reflect a desire for more participatory government and greater voice of local constituents in the allocation of budgetary resources. Regardless of its motivation, fiscal decentralization can have important macroeconomic implications. Therefore, Fund advice to member countries (whether in the context of surveillance, program design, or technical assistance) has often focused on the design and implementation of intergovernmental fiscal arrangements. This paper distills the main lessons from the Fund's engagement with member countries in this area, drawing in particular, (but not exclusively) on technical assistance (TA) provided by the Fiscal Affairs Department (FAD) to ten countries which are broadly representative of the range of members that have requested assistance in this area.


Lessons for Effective Fiscal Decentralization in Sub-Saharan Africa

Lessons for Effective Fiscal Decentralization in Sub-Saharan Africa

Author: Mr.Niko A Hobdari

Publisher: International Monetary Fund

Published: 2018-07-06

Total Pages: 63

ISBN-13: 1484358260

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Fiscal decentralization is becoming a pressing issue in a number of countries in sub-Saharan Africa, reflecting demands for a greater local voice in spending decisions and efforts to strengthen social cohesion. Against this backdrop, this paper seeks to distill the lessons for an effective fiscal decentralization reform, focusing on the macroeconomic aspects. The main findings for sub-Saharan African countries that have decentralized, based on an empirical analysis and four case studies (Kenya, Nigeria, South Africa, Uganda), are as follows: • Determinants and effectiveness: Empirical results suggest that (1) the major driving forces behind fiscal decentralization in sub-Saharan Africa include efforts to defuse ethnic conflicts, the initial level of income, and the urban-ization rate, whereas strength of democracy is not an important determi-nant for decentralization; and (2) decentralization in sub-Saharan Africa is associated with higher growth in the presence of stronger institutions. • Spending assignments: The allocation of spending across levels of gov-ernment in the four case studies is broadly consistent with best practice. However, in Uganda, unlike in the other three case studies, subnational governments have little flexibility to make spending decisions as a result of a deconcentrated rather than a devolved system of government. • Own revenue: The assignment of taxing powers is broadly in line with best practice in the four case studies, with the bulk of subnational revenue coming from property taxes and from fees for local services. However, own revenues are a very small fraction of subnational spending, reflecting weak cadaster systems and a high level of informality in the economy.


Book Synopsis Lessons for Effective Fiscal Decentralization in Sub-Saharan Africa by : Mr.Niko A Hobdari

Download or read book Lessons for Effective Fiscal Decentralization in Sub-Saharan Africa written by Mr.Niko A Hobdari and published by International Monetary Fund. This book was released on 2018-07-06 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fiscal decentralization is becoming a pressing issue in a number of countries in sub-Saharan Africa, reflecting demands for a greater local voice in spending decisions and efforts to strengthen social cohesion. Against this backdrop, this paper seeks to distill the lessons for an effective fiscal decentralization reform, focusing on the macroeconomic aspects. The main findings for sub-Saharan African countries that have decentralized, based on an empirical analysis and four case studies (Kenya, Nigeria, South Africa, Uganda), are as follows: • Determinants and effectiveness: Empirical results suggest that (1) the major driving forces behind fiscal decentralization in sub-Saharan Africa include efforts to defuse ethnic conflicts, the initial level of income, and the urban-ization rate, whereas strength of democracy is not an important determi-nant for decentralization; and (2) decentralization in sub-Saharan Africa is associated with higher growth in the presence of stronger institutions. • Spending assignments: The allocation of spending across levels of gov-ernment in the four case studies is broadly consistent with best practice. However, in Uganda, unlike in the other three case studies, subnational governments have little flexibility to make spending decisions as a result of a deconcentrated rather than a devolved system of government. • Own revenue: The assignment of taxing powers is broadly in line with best practice in the four case studies, with the bulk of subnational revenue coming from property taxes and from fees for local services. However, own revenues are a very small fraction of subnational spending, reflecting weak cadaster systems and a high level of informality in the economy.


Romania

Romania

Author: International Monetary Fund. European Dept.

Publisher: International Monetary Fund

Published: 2015-03-27

Total Pages: 99

ISBN-13: 1475553110

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This Selected Issues paper discusses benefits of boosting quality public infrastructure spending in Romania. Since the financial crisis, fiscal and current account deficits have been tackled, but the infrastructure deficit has widened. Quality public investment in infrastructure can boost domestic demand and potential GDP growth, particularly in low growth environments. The IMF staff simulations employing the European Union’s production function methodology show significant growth benefits from higher quality infrastructure spending. As a result of higher investment, real GDP would increase by about 1 percent initially with the impact peaking in 2025.


Book Synopsis Romania by : International Monetary Fund. European Dept.

Download or read book Romania written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2015-03-27 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper discusses benefits of boosting quality public infrastructure spending in Romania. Since the financial crisis, fiscal and current account deficits have been tackled, but the infrastructure deficit has widened. Quality public investment in infrastructure can boost domestic demand and potential GDP growth, particularly in low growth environments. The IMF staff simulations employing the European Union’s production function methodology show significant growth benefits from higher quality infrastructure spending. As a result of higher investment, real GDP would increase by about 1 percent initially with the impact peaking in 2025.


Macroeconomic Management and Fiscal Decentralization

Macroeconomic Management and Fiscal Decentralization

Author: Jayanta Roy

Publisher: World Bank Publications

Published: 1995-01-01

Total Pages: 270

ISBN-13: 9780821334096

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Suggests guidelines by which developing countries can successfully manage the rapid surge in government revenues that occurs during a commodity boom. The book addresses the problems associated with such booms, including long-term spending commitments, Dutch disease, and a slowdown in diversification.


Book Synopsis Macroeconomic Management and Fiscal Decentralization by : Jayanta Roy

Download or read book Macroeconomic Management and Fiscal Decentralization written by Jayanta Roy and published by World Bank Publications. This book was released on 1995-01-01 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: Suggests guidelines by which developing countries can successfully manage the rapid surge in government revenues that occurs during a commodity boom. The book addresses the problems associated with such booms, including long-term spending commitments, Dutch disease, and a slowdown in diversification.


Devolution Without Disruption

Devolution Without Disruption

Author: Kathy Whimp

Publisher:

Published: 2012

Total Pages: 272

ISBN-13:

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Book Synopsis Devolution Without Disruption by : Kathy Whimp

Download or read book Devolution Without Disruption written by Kathy Whimp and published by . This book was released on 2012 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Public Expenditure Review

Public Expenditure Review

Author: Kenya

Publisher:

Published: 2010

Total Pages: 308

ISBN-13:

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Book Synopsis Public Expenditure Review by : Kenya

Download or read book Public Expenditure Review written by Kenya and published by . This book was released on 2010 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Finance for City Leaders Handbook

Finance for City Leaders Handbook

Author: Marco Kamiya

Publisher: UN

Published: 2016

Total Pages: 292

ISBN-13:

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Finance for City Leaders presents an up-to-date, comprehensive, and in-depth analysis of the challenges posed by rapid urbanization and the various financing tools municipalities have at their disposal.


Book Synopsis Finance for City Leaders Handbook by : Marco Kamiya

Download or read book Finance for City Leaders Handbook written by Marco Kamiya and published by UN. This book was released on 2016 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Finance for City Leaders presents an up-to-date, comprehensive, and in-depth analysis of the challenges posed by rapid urbanization and the various financing tools municipalities have at their disposal.