Fiscal Decentralization and Public Subnational Financial Management in Peru

WPIEA2006120 Image
Price:  $15.00

Author/Editor: Mercedes Garcia-Escribano, Ehtisham Ahmad
Release Date: © May, 2006
ISBN : 978-1-45186-380-2
Stock #: WPIEA2006120
English
Stock Status: Available

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Description

There is increasing interest in fiscal decentralization in Peru as a mechanism to generate more involved decision-making at the subnational level. This is tempered with a continuing emphasis on overall fiscal stability. However, considerable work needs to be undertaken to define more clearly expenditure responsibilities and financing mechanisms that increase local accountability. In addition, a more transparent fiscal transfer system is needed, together with clarity in expenditure management at all levels of government. The paper suggests that a substantial work agenda is needed to extend the decentralization process with greater transparency.

Taxonomy

Economic policy , Fiscal policy




More publications in this series: Working Papers


More publications by: Mercedes Garcia-Escribano ; Ehtisham Ahmad