Fiscal Decentralization and Public Subnational Financial Management in Peru
May 1, 2006
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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.
Subject: Budget classification, Expenditure, Public debt, Public financial management (PFM), Revenue administration
Keywords: cash balance, government, local government, Subnational government, tailoring government program, WP
Pages:
25
Volume:
2006
DOI:
Issue:
120
Series:
Working Paper No. 2006/120
Stock No:
WPIEA2006120
ISBN:
9781451863802
ISSN:
1018-5941
