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.