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Author: Publisher: World Bank Publications ISBN: Category : Finance, Public Languages : en Pages : 268
Book Description
The primary objective of this study is to assist the government in identifying and implementing appropriate measures that will result in an effective and equitable reduction in the Provinces' contribution to excessive, consolidated public sector deficits. A corollary objective is to identify appropriate areas in which the Bank may support improved provincial financial management. Provinces can then generate surpluses and invest them wisely to increase future economic growth and tax revenues. More specifically, the study's objectives are to identify : a) ways that provincial revenue performance and expenditure efficiency may be improved; b) effective incentives for implementing the above improvements; c) appropriate, standard provincial budgeting and reporting procedures; and d) needs for institutional reforms to meet preceeding objectives. Volume II provides basic data on provincial public finance as well as information to help in interpreting this data.
Author: Publisher: World Bank Publications ISBN: Category : Finance, Public Languages : en Pages : 268
Book Description
The primary objective of this study is to assist the government in identifying and implementing appropriate measures that will result in an effective and equitable reduction in the Provinces' contribution to excessive, consolidated public sector deficits. A corollary objective is to identify appropriate areas in which the Bank may support improved provincial financial management. Provinces can then generate surpluses and invest them wisely to increase future economic growth and tax revenues. More specifically, the study's objectives are to identify : a) ways that provincial revenue performance and expenditure efficiency may be improved; b) effective incentives for implementing the above improvements; c) appropriate, standard provincial budgeting and reporting procedures; and d) needs for institutional reforms to meet preceeding objectives. Volume II provides basic data on provincial public finance as well as information to help in interpreting this data.
Author: World Bank. Latin America and the Caribbean, Country Dept. I. Public Sector Management and Private Sector Development Division Publisher: ISBN: Category : Finance, Public Languages : en Pages : 118
Author: World Bank. Latin America and the Caribbean, Country Dept. I. Public Sector Management and Private Sector Development Division Publisher: ISBN: Category : Finance, Public Languages : en Pages : 106
Author: William R. Dillinger Publisher: World Bank Publications ISBN: Category : Administracion fiscal - Argentina Languages : en Pages : 43
Book Description
Abstract: May 1999 - Argentina and Brazil-two of the most decentralized public sectors in Latin America and (along with Colombia and India) among the most decentralized democracies in the developing world-faced similar problems in the 1980s: excessive public deficits and high inflation exacerbated by subnational deficits. In the 1990s, Argentina was more successful at macroeconomic stabilization, partly because it imposed harder budget constraints on the public sector nationally and partly because it had stronger party control of both national legislators and subnational governments. In shifting to decentralized public finances, a country's central government faces certain fiscal management problems. First, during and soon after the transition, unless it reduces spending or increases its own tax resources, the central government tends to have higher deficits as it shifts fiscal resources to subnational governments through transfers, revenue sharing, or delegation of tax bases. Reducing spending is hard not only because cuts are always hard but because subnational governments might not take on expected tasks, leaving the central government with a legal or political obligation to continue spending for certain services. Second, after decentralization, the local or state government faces popular pressure to spend more and tax less, creating the tendency to run deficits. This tendency can be a problem if subnational governments and their creditors expect or rely on bailouts by the central government. Econometric evidence from 32 large industrial and developing countries indicates that higher subnational spending and deficits lead to greater national deficits. Dillinger and Webb investigate how, and how successfully, Argentina and Brazil dealt with these problems in the 1990s. In both countries, subnational governments account for about half of public spending and are vigorous democracies in most (especially the largest) jurisdictions. The return to democracy in the 1980s revived and strengthened long-standing federal practices while weakening macroeconomic performance, resulting in unsustainable fiscal deficits, high inflation, sometimes hyperinflation, and low or negative growth. Occasional stabilization plans failed within a few years. Then Argentina (in 1991) and Brazil (in 1994) introduced successful stabilization plans. National issues were important in preventing and then bringing about macroeconomic stabilization, but so were intergovernmental fiscal relations and the fiscal management of subnational governments. State deficits and federal transfers were often out of control in the 1980s, contributing to national macroeconomic problems. Stabilization programs in the 1990s needed to establish control, and self-control, over subnational spending and borrowing. This paper-a product of Poverty Reduction and Economic Management, Latin America and the Caribbean Region-is part of the LCR regional studies program on fiscal decentralization in Latin America. The authors may be contacted at [email protected] or [email protected].
Author: Mr.Alfredo Cuevas Publisher: International Monetary Fund ISBN: 1451851413 Category : Business & Economics Languages : en Pages : 29
Book Description
Argentina has committed itself to a reform of its revenue-sharing system. This paper examines this system and the issues involved in its redesign, and discusses the pros and cons of various options with a view to specifying a preferred approach.
Author: Publisher: World Bank Publications ISBN: 9780821324639 Category : Business & Economics Languages : en Pages : 386
Book Description
Annotation Argentina has reformed its public finance system and reversed years of economic decline and deficit spending. This study recommends policy options to speed the already impressive progress. These options would expand the ambitious reform program already under way. This study shows how to sustain balanced public finances over the medium term. It describes ways to sustain price stability and economic growth while providing a cushion against unexpected downturns. Also examined are ways to improve social services while reducing the size of government. Researchers discuss key reforms that could boost the fiscal surplus by as much as 1.4 percent of gross domestic product. They look at ways to build tax revenues, reduce provincial finances, and make social security more equitable. They review methods to cut defense spending and revive a moribund education system. Additional policy options offered are reforms for housing and welfare programs and pension fund investments. The study suggests ways to improve the legal framework for a stronger central bank. Also reviewed are ways to eliminate unnecessary administrative agencies and to privatize public enterprises. The government's new health insurance program is examined. This program offers universal coverage. It lets contributors choose providers and includes subsidies for those who can't pay. It also requires a minimum package of health care at a set price.
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Author: World Bank. Latin America and the Caribbean, Country Dept. I. Public Sector Management and Private Sector Development Division
Author: World Bank : Latin America and Caribbean Region
Author: World Bank. Latin America and the Caribbean, Country Dept. I. Public Sector Management and Private Sector Development Division
Author: William R. Dillinger
Author: Mr.Alfredo Cuevas
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Author: Martin Ravallion