Federalism and fiscal reform

André Franco Montoro Filho ()

Brazilian Journal of Political Economy, 1994, vol. 14, issue 3, 354-365

Abstract: In Brazil there is a general consensus that fiscal adjustment measures are requiredto obtain price stability. Nevertheless, this appears as an empty consensus becauseit is stated as general propositions with little operational content. This article intends to goa little further presenting fiscal issues and reforms related to the theory of fiscal federalism.It is argued that most of macroeconomic fiscal problems arises from an unclear division ofduties between federal and state and local governments. Political resistances to change arereported and a scheme of fiscal federalism combined with revenue sharing is proposed asa way to overcome the obstacles to reform since it associates local demand diversity withregional income redistribution. JEL Classification: H20; H77; H71.

Keywords: Fiscal federalism; fiscal adjustment; intergovernmental relations; taxation (search for similar items in EconPapers)
Date: 1994
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