Patterns of Australian State and Local Government Finance
Brian Dollery (),
M Stewart and
Andrew Worthington ()
Working Papers from Melbourne - Centre in Finance
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)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:melrfi:97-3
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