Fiscal Decentralization in Asia

Challenges and Opportunities

Nonfiction, Social & Cultural Studies, Political Science, Government, Public Affairs & Administration, Business & Finance, Economics
Cover of the book Fiscal Decentralization in Asia by Jorge Martinez-Vazquez, Asian Development Bank
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Author: Jorge Martinez-Vazquez ISBN: 9789290923053
Publisher: Asian Development Bank Publication: April 1, 2011
Imprint: Asian Development Bank Language: English
Author: Jorge Martinez-Vazquez
ISBN: 9789290923053
Publisher: Asian Development Bank
Publication: April 1, 2011
Imprint: Asian Development Bank
Language: English

This publication discusses the decentralization issues faced by countries of Asia and the Pacific. It includes practical suggestions on how to proceed in this area to achieve economic growth, macroeconomic stability, poverty and income distribution, services delivery improvements, and political accountability. This note elaborates on adequacy of local revenues and autonomy, expenditure management and clear service delivery mandates, horizontal imbalances and limited use of incentives in intergovernmental transfers, financing needs and local government borrowing, and local management capacities as the major challenges in a decentralized fiscal architecture. The recommendations to address the above challenges also note the long- term nature of these reforms.

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This publication discusses the decentralization issues faced by countries of Asia and the Pacific. It includes practical suggestions on how to proceed in this area to achieve economic growth, macroeconomic stability, poverty and income distribution, services delivery improvements, and political accountability. This note elaborates on adequacy of local revenues and autonomy, expenditure management and clear service delivery mandates, horizontal imbalances and limited use of incentives in intergovernmental transfers, financing needs and local government borrowing, and local management capacities as the major challenges in a decentralized fiscal architecture. The recommendations to address the above challenges also note the long- term nature of these reforms.

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