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Patterns of Australian State and Local Government Finance

Brian Dollery (), M Stewart and Andrew Worthington ()

Working Papers from Melbourne - Centre in Finance

Abstract: Australian fiscal federalism is characterised by vertical fiscal imbalance, with revenue-raising powers vested mainly in the Commonwealth government and expenditure functions falling largely on state and local governments. Historically a system of intergovernmental grants has been employed to address the problem of vertical fiscal imbalance.

Keywords: AUSTRALIA; FISCAL POLICY (search for similar items in EconPapers)
JEL-codes: H30 (search for similar items in EconPapers)
Date: 1997
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