Fiscal Federalism 2016

Making Decentralisation Work

image of Fiscal Federalism 2016

Fiscal Federalism 2016 surveys recent trends and policies in intergovernmental fiscal relations and sub-central government. Accessible and easy-to read chapters provide insight: into growing spending and tax devolution; the fiscal constitutions of federal countries; how immovable property taxation is regaining its former significance; on the true spending power of sub central governments; on the mix between own tax resources and intergovernmental grants; and on the role of fiscal rules and good budget frameworks for sustainable debt management at the state and local level.



Executive summary

This 2016 edition of Fiscal Federalism seeks to analyse and propose reform options in the area of intergovernmental fiscal frameworks and sub-central public finance. The policy issues that it addresses are of a structural and macroeconomic nature, covering both the spending and the revenue sides of the budget. After an introductory chapter summarising trends and developments in decentralisation since 1995, the book goes on to examine:


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