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Author: Mr.Serhan Cevik Publisher: International Monetary Fund ISBN: 145526945X Category : Business & Economics Languages : en Pages : 24
Book Description
Using the cyclically adjusted non-hydrocarbon primary balance, this paper investigates the evolution of the fiscal policy stance in the United Arab Emirates at consolidated and sub-national levels in the run-up and after the crisis. The empirical findings show that procyclical fiscal policies prior to the crisis reinforced the financial sector cycle, exacerbated the economic upswing, and thereby contributed to the build-up of macro-financial vulnerabilities. The paper also sets out policy lessons to develop a rule-based fiscal framework that would help strengthen fiscal policy coordination between the various layers of government and ensure long-term fiscal sustainability and a more equitable intergenerational distribution of wealth.
Author: Richard Briffault Publisher: Twentieth Century Foundation ISBN: Category : Business & Economics Languages : en Pages : 108
Book Description
This book analyzes the states' experience with balanced budget requirements and extrapolates lessons for a federal amendment. The author's focus is not on the wisdom of cutting the federal budget deficit, but rather on the role and effectiveness of these requirements in achieving budgetary balance.
Author: OECD Publisher: OECD Publishing ISBN: 9264912959 Category : Languages : en Pages : 290
Book Description
Fiscal Federalism 2022 surveys recent trends and policies in intergovernmental fiscal relations and subnational government. Accessible and easy-to-read chapters provide insight into: good practices in fiscal federalism; the design of fiscal equalisation systems; measuring subnational tax and spending autonomy; promoting public sector performance across levels of government; digitalisation challenges and opportunities; the role of subnational accounting and insolvency frameworks; funding and financing of local government public investment; and early lessons from the COVID-19 crisis for intergovernmental fiscal relations.
Author: Hugh Mackenzie Publisher: ISBN: 9780886275013 Category : Federal-provincial fiscal relations Languages : en Pages : 57
Book Description
Fiscal imbalance has become a Canadian political classic: a term which is equally useful to people and interests who don't actually agree about what it means, much less what should be done about it.
Author: Charles R. Hankla Publisher: Edward Elgar Publishing ISBN: 1788972171 Category : Business & Economics Languages : en Pages : 192
Book Description
This book argues that fiscal federalism will consistently deliver on its governance promises only when democratic decentralization is combined with the integration of political parties. It formalizes this argument and, using new data on subnational political institutions, tests it with models of education, health, and infrastructure service delivery in 135 countries across 30 years. It also presents comparative case studies of Senegal and Nigeria. The book emphasizes that a “fine balance” in local governance can be achieved when integrated party structures compensate for the potential downsides of a decentralized state.