 Fiscal Federalism and Intergovernmental Financial RelationsJamie Boex and Roy Kelly Chapter 12 in The International Handbook of Public Financial Management, 2013, pp 259-280 from Palgrave Macmillan Abstract: Abstract This chapter discusses how fiscal federalism arrangements relate to and interact with the management of public sector finances — both at the wider general government level and in local governments. In many countries, subnational (or local) governments are assigned responsibility for delivering important public service functions and thus engage in a significant share of public sector spending. In countries that rely on devolved, elected local governments to deliver public services, local governments are typically considered autonomous government entities — entities that are legally and politically separate from the central government and with their own separate budgets. Indeed, a defining characteristic of devolved regional and local governments is that these entities prepare and execute their own budgets, collect some of their revenues from their own sources, and have the ability to engage in borrowing in their own name (IMF 2001). Keywords: Local Government; Central Government; Fiscal Decentralization; Fiscal Federalism; Local Government Level (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-31530-4_13 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.