Fiscal Decentralization and Public Subnational Financial Management in Peru
AbstractThere is increasing interest in fiscal decentralization in Peru as a mechanism to generate more involved decision-making at the subnational level. This is tempered with a continuing emphasis on overall fiscal stability. However, considerable work needs to be undertaken to define more clearly expenditure responsibilities and financing mechanisms that increase local accountability. In addition, a more transparent fiscal transfer system is needed, together with clarity in expenditure management at all levels of government. The paper suggests that a substantial work agenda is needed to extend the decentralization process with greater transparency.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 06/120.
Date of creation: 01 May 2006
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-08-05 (All new papers)
- NEP-MAC-2006-08-05 (Macroeconomics)
- NEP-PBE-2006-08-05 (Public Economics)
- NEP-URE-2006-08-05 (Urban & Real Estate Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Maria A Albino-War & Raju Jan Singh & Ehtisham Ahmad, 2005. "Subnational Public Financial Management: Institutions and Macroeconomic Considerations," IMF Working Papers 05/108, International Monetary Fund.
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