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Sub-national Revenue Mobilization in Latin America and Caribbean Countries: The Case of Venezuela

Author

Listed:
  • German Rios
  • Federico Ortega
  • J. Sebastian Scrofina

Abstract

This paper analyzes the high fiscal dependence of Venezuelan states and municipalities on the central government and the political economy process embedded in the interaction between the central government and sub-national entities. Also explored is whether there is scope to increase sub-national governments’ revenues, improve the current intergovernmental transfer system, and reduce horizontal imbalances; of particular importance is analyzing the impact of current transfer mechanisms on sub-national governments’ revenues volatility. Following a presentation of Venezuela’s economic background, public sector and fiscal variables, the paper describes the process of decentralization, inter-governmental transfer mechanisms and revenue volatility, and local governments’ own revenues. Subsequently presented are sub-national governments’ fiscal dependence and its determinants, followed by options for revenue mobilization and improving the transfer mechanism. The paper concludes with a summary and policy recommendations.

Suggested Citation

  • German Rios & Federico Ortega & J. Sebastian Scrofina, 2012. "Sub-national Revenue Mobilization in Latin America and Caribbean Countries: The Case of Venezuela," Research Department Publications 4788, Inter-American Development Bank, Research Department.
  • Handle: RePEc:idb:wpaper:4788
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    File URL: http://www.iadb.org/research/pub_hits.cfm?pub_id=37042719
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    Cited by:

    1. Vicente Fretes Cibils & Teresa Ter-Minassian & J. Sebastián Scrofina & Federico Ortega & Germán Ríos & Alejandro Rasteletti & Arturo Ramírez Verdugo & Emilio Pineda & Jorge Martínez-Vázquez & Cristián, 2015. "Decentralizing Revenue in Latin America: Why and How (Executive Summary)," IDB Publications (Books), Inter-American Development Bank, number 88387 edited by Vicente Fretes Cibils & Teresa Ter-Minassian, February.
    2. repec:idb:idbbks:6883 is not listed on IDEAS
    3. Vicente Fretes Cibils & Teresa Ter-Minassian & J. Sebastián Scrofina & Federico Ortega & Germán Ríos & Alejandro Rasteletti & Arturo Ramírez Verdugo & Emilio Pineda & Jorge Martínez-Vázquez & Cristián, 2015. "Decentralizing Revenue in Latin America: Why and How," IDB Publications (Books), Inter-American Development Bank, number 88858 edited by Vicente Fretes Cibils & Teresa Ter-Minassian, February.
    4. repec:idb:idbbks:6829 is not listed on IDEAS

    More about this item

    JEL classification:

    • H70 - Public Economics - - State and Local Government; Intergovernmental Relations - - - General
    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism

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