This book offers an overview on recent trends and policies in intergovernmental fiscal relations and sub-central government. Accessible chapters provide: insight into how sub-central governments are managing ongoing consolidation, as well as how fiscal decentralisation fosters economic growth and educational attainment; a balanced account of the virtues and limits of tax competiton between jurisdictions; an overview of fiscal equalisation policy; and some fascinating background information about past tax and public service reforms.
Table of contents
Chapter 1. Fiscal consolidation across government levels
Chapter 2. Sub-central fiscal rules: Making fiscal policy sustainable
Chapter 3. Decentralisation, economic activity and educational outcomes
Chapter 4. Sub-central tax competition
Chapter 5. Fiscal equalisation: A key to decentralised public finances
Chapter 6. Reforming fiscal relations