Institutions of Intergovernmental Fiscal Relations

Challenges Ahead

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Intergovernmental fiscal institutions are the overarching framework for relations across government levels. They comprise the constitutional set up of a country; the division of power between government levels; the prevalence of fiscal rules across government levels; intergovernmental budget frameworks; the role of independent bodies such as fiscal councils in shaping fiscal relations; the inter-ministerial organisation of fiscal decision making; and other framework conditions shaping intergovernmental fiscal relations and fiscal policy. This book brings together academics and practitioners dealing with or being involved in shaping the institutions of intergovernmental fiscal relations. It has an interdisciplinary focus and provides insight from various academic or practitioners’ fields: economists, political scientists, budget management specialists and others.




The recent economic and financial crisis put intergovernmental fiscal relations into the limelight. Shrinking revenues and rising spending responsibilities forced many countries to reform their fiscal frameworks thoroughly in order to improve the sustainability of fiscal policy at each level of government. Evidence suggests that stable, sustainable, efficient and equitable public finances depend on effective functioning of intergovernmental fiscal and budgetary frameworks. Whereas reforms are still ongoing, seven years after the crisis it is time to take stock. How successful were intergovernmental fiscal institutions in weathering the fiscal crisis; which reforms did they undertake; how did reforms shape outcomes; and which reforms still lie ahead?


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