Patterns of Australian State and Local Government Finance
Australian fiscal federalism is characterised by vertical fiscal imbalance, with revenue-raising powers vested mainly in the Commonwealth government and expenditure functions falling largely on state and local governments. Historically a system of intergovernmental grants has been employed to address the problem of vertical fiscal imbalance.
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|Date of creation:||1997|
|Date of revision:|
|Contact details of provider:|| Postal: Centre in Finance, Department of Economics and Finance, Faculty of Business, RMIT GPO Box 2476V Melbourne, Vic 3000 Australia.|
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Web page: http://www.rmit.edu.au/bus/ecofin
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