Subnational Public Financial Management: Institutions and Macroeconomic Considerations

Maria Albino, Raju Singh and Ehtisham Ahmad

No 2005/108, IMF Working Papers from International Monetary Fund

Abstract: Transparent public financial management at the subnational level requires institutions and processes that mirror those needed at the central government level, in order to generate better accountability and competition among different subnational governments, critical elements in ensuring good governance and efficiency of decentralized administrations. Further subnational debt also has implications for overall macroeconomic stability that concerns the central government. The key components are identified, with a particular focus on subnational debt monitoring and management.

Keywords: WP; government authorities; national government; government accountability; government auditor; central government; government operation (search for similar items in EconPapers)
Pages: 26
Date: 2005-06-01
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Citations: View citations in EconPapers (29)

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Chapter: Subnational Public Financial Management: Institutions and Macroeconomic Considerations (2006)
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