Fiscal Decentralization and Public Subnational Financial Management in Peru
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Summary:
There 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.
Series:
Working Paper No. 2006/120
Subject:
Budget classification Expenditure Public debt Public financial management (PFM) Revenue administration
English
Publication Date:
May 1, 2006
ISBN/ISSN:
9781451863802/1018-5941
Stock No:
WPIEA2006120
Pages:
25
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