Fiscal Federalism 2016
Making Decentralisation Work
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.
Foreword
Almost 35% of public money is spent at the sub-national government level. State and local governments shape education, healthcare, infrastructure and other key policy areas, affecting productivity and the sustainability of public finances. The funding of public services through taxes and transfers is not only a key determinant of a country’s growth, but most importantly it is a critical driver for the advancement of the well-being of its citizens.