Fiscal Decentralization and Public Subnational Financial Management in Peru

Ehtisham Ahmad and Mercedes Garcia-Escribano

No 2006/120, IMF Working Papers from International Monetary Fund

Abstract: There is increasing interest in fiscal decentralization in Peru as a mechanism to generate more involved decision-making at the subnational level. This is tempered with a continuing emphasis on overall fiscal stability. However, considerable work needs to be undertaken to define more clearly expenditure responsibilities and financing mechanisms that increase local accountability. In addition, a more transparent fiscal transfer system is needed, together with clarity in expenditure management at all levels of government. The paper suggests that a substantial work agenda is needed to extend the decentralization process with greater transparency.

Keywords: WP; government; local government; Subnational government; cash balance; tailoring government program (search for similar items in EconPapers)
Pages: 25
Date: 2006-05-01
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Citations: View citations in EconPapers (2)

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