{
  "title": "Fiscal Decentralization and Public Subnational Financial Management in Peru",
  "publication": "IMF Working Papers, May 1, 2006",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/31/fiscal-decentralization-and-public-subnational-financial-management-in-peru-19145",
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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.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- There is increasing interest in fiscal decentralization in Peru as a mechanism to generate more involved decision-making at the subnational level.\n- This interest is tempered with a continuing emphasis on overall fiscal stability.\n- The paper suggests that a substantial work agenda is needed to extend the decentralization process with greater transparency."
    },
    {
      "heading": "Findings",
      "content": "- Considerable work needs to be undertaken to define more clearly expenditure responsibilities and financing mechanisms that increase local accountability.\n- A more transparent fiscal transfer system is needed.\n- Clarity in expenditure management at all levels of government is required."
    },
    {
      "heading": "Policy recommendations and agenda items",
      "content": "- Define more clearly expenditure responsibilities between central and subnational governments.\n- Establish financing mechanisms that increase local accountability.\n- Develop and implement a more transparent fiscal transfer system.\n- Improve clarity and transparency in expenditure management at all levels of government.\n- Pursue a substantial work program to extend the decentralization process with greater transparency."
    },
    {
      "heading": "Context and metadata",
      "content": "- Authors: Ehtisham Ahmad, Mercedes Garcia-Escribano\n- Date: May 1, 2006\n- Series: Working Paper No. 2006/120\n- Issue: 120\n- Volume: 2006\n- Pages: 25\n- DOI: https://doi.org/10.5089/9781451863802.001\n- Stock No: WPIEA2006120\n- ISBN: 9781451863802\n- ISSN: 1018-5941\n- Subject: Budget classification, Expenditure, Public debt, Public financial management (PFM), Revenue administration\n- Keywords: cash balance, government, local government, Subnational government, tailoring government program, WP\n\nIMF Working Paper: \"Fiscal Decentralization and Public Subnational Financial Management in Peru\" (Ehtisham Ahmad and Mercedes Garcia-Escribano), May 1, 2006.\n\n---\n\n Content in this bundle\n\n- wp06120\n  - wp06120 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp06120 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/fiscal-decentralization-and-public-subnational-financial-management-in-peru-19145"
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    "Authors: Ehtisham Ahmad, Mercedes Garcia-Escribano",
    "Published: May 1, 2006",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451863802.001",
    "There is increasing interest in fiscal decentralization in Peru as a mechanism to generate more involved decision-making at the subnational level.",
    "This interest is tempered with a continuing emphasis on overall fiscal stability.",
    "The paper suggests that a substantial work agenda is needed to extend the decentralization process with greater transparency.",
    "Considerable work needs to be undertaken to define more clearly expenditure responsibilities and financing mechanisms that increase local accountability.",
    "A more transparent fiscal transfer system is needed.",
    "Clarity in expenditure management at all levels of government is required.",
    "Define more clearly expenditure responsibilities between central and subnational governments.",
    "Establish financing mechanisms that increase local accountability.",
    "Develop and implement a more transparent fiscal transfer system.",
    "Improve clarity and transparency in expenditure management at all levels of government.",
    "Pursue a substantial work program to extend the decentralization process with greater transparency.",
    "Authors: Ehtisham Ahmad, Mercedes Garcia-Escribano",
    "Date: May 1, 2006",
    "Series: Working Paper No. 2006/120",
    "Issue: 120",
    "Volume: 2006",
    "Pages: 25",
    "DOI: https://doi.org/10.5089/9781451863802.001",
    "Stock No: WPIEA2006120",
    "ISBN: 9781451863802",
    "ISSN: 1018-5941",
    "Subject: Budget classification, Expenditure, Public debt, Public financial management (PFM), Revenue administration",
    "Keywords: cash balance, government, local government, Subnational government, tailoring government program, WP",
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