Narrowing Vertical Fiscal Imbalances in Four European Countries / Izabela Karpowicz.

Format:

Book

Government document

Author/Creator:

Karpowicz, Izabela.

Series:

IMF Working Papers; Working Paper ; No. 2012/091

IMF Working Papers

Language:

English

Physical Description:

1 online resource (24 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2012.

Summary:

This paper describes the institutional changes that have induced a decline in the vertical fiscal imbalance (VFI) - defined as the share of sub-national own spending not financed through own revenues - in four European countries: Belgium, Italy, Norway, and Spain. The decline in VFI was achieved through progressive devolution of revenues to sub-national governments in Belgium, Italy, and Spain, while re-centralization of health sector expenditures was the cause of the decline in the VFI in Norway.

Contents:

Cover; Abstract; Contents; I. Introduction; II. The Vertical Fiscal Imbalances; III. Case Studies; A. Belgium; Figures; 1. Belgium: Decentralization, VFI, and Fiscal Balances, 1985-2009; B. Italy; 2. Italy: Decentralization, VFI, and Fiscal Balances, 1980-2009; C. Norway; 3. Norway: Decentralization, VFI, and Fiscal Balances, 1996-2009; D. Spain; 4. Spain: Decentralization, VFI, and Fiscal Balances, 1995-2009; IV. Lessons from Case Studies; References

Notes:

Description based upon print version of record.

Description based on publisher supplied metadata and other sources.

ISBN:

9781475542462

1475542461

9781475570670

1475570678

OCLC:

815728551