Financing local and regional government

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Chapter 5 in Fiscal Decentralization and Local Finance in Developing Countries, 2018, pp 167-226 from Edward Elgar Publishing

Abstract: This chapter sets out a simple framework explaining why and how to impose a hard budget constraint on subnational governments; explores the opportunities for financing local budgets with local sources; and reviews practices in low- and middle-income countries. Noting that the scope of decentralized taxes is usually limited, we then review theoretical and other reasons for limiting the extent to which tax authority is assigned to local and regional governments. The merits of centralized vs decentralized tax administration are analyzed, as are some possible new candidates for subnational government taxes, with particular attention on some relatively successful experiences with broad-based sales taxes.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (6)

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