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Institutional and Financial Relations across Levels of Government

image of Institutional and Financial Relations across Levels of Government

As financial markets put more and more pressure on governments to reduce their deficits and debts, sub-central  levels of government are a key player in the implementation of national strategies. The room for manoeuvre to implement consolidations strategies coordinated across levels of government highly depends on the institutional structure of intergovernmental relations, and the effectiveness of their multi-level governance structure. This was already the case for recovery strategies, in the beginning of the crisis. This report provides an overview of the institutional and financial relations across levels of government  that enables policymakers evaluate their position and identify good practices for mobilizing sub-central governments for national growth, equity and stability objectives. This report is divided into two parts: the first part is analytical and the second part provides institutional and quantitative country information and comparisons.

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Foreword and Acknowledgements

The few years since the beginning of the worst economic crisis in decades have been particularly challenging for policy makers, both at central and sub-central levels of administration. As financial markets are putting pressure on governments to reduce their deficits and debts, sub-central governments (SCGs) have once again become key players in implementing national policies as they are responsible for 16% of public debt and 16.6% of public deficits on average in OECD member countries. How much leeway there is for co-ordinating consolidation strategies across levels of government depends on the institutional structure of intergovernmental relations and the effectiveness of the multi-level governance structure, which are the object of this volume.

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