On the Design and Effectiveness of Targeted Expenditure Programs

November 1, 2004

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper argues that both horizontal and intertemporal competition among recipient governments are needed in order to ensure incentives for effective utilization of targeted transfers. This has implications for budgeting frameworks and the types of information needed that might be amenable to formal contracting between the levels of government.

Subject: Budget planning and preparation, Competition, Expenditure, Tax incentives

Keywords: central government, fund, local government, program, targeted expenditure program, WP

Pages:
14
Volume:
2004
DOI:
https://doi.org/10.5089/9781451875232.001
Issue:
220
Series:
Working Paper No. 2004/220
Stock No:
WPIEA2202004
ISBN:
9781451875232
ISSN:
1018-5941

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