Fiscal responsibility legislation and fiscal adjustment the case of Brazilian local governments / Luiz de Mello.
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TextSeries: Policy research working papers (Online) ; 3812.Publication details: Washington, D.C. : World Bank, 2006 Description: 23 p. ; 23 cmSubject(s): Municipal finance -- Brazil | Local finance -- Brazil | Fiscal policy -- BrazilDDC classification: 352.4216 LOC classification: HG3881.5.W57Also available in print.Abstract: "This paper discusses trends in fiscal adjustment in Brazil since the 1990s, with particular emphasis on the strengthening of institutions for fiscal policymaking, and its effect on local government finances and their ability to invest in infrastructure building and upgrading. Although fiscal adjustment, which is ongoing, has taken a toll on the government's ability to finance much-needed infrastructure investment, it is not the only culprit. A lack of budget flexibility, against a backdrop of increasing downward rigidities in current spending, also constrains the government's ability to invest. The paper argues that regulatory uncertainty in many sectors, particularly water and sanitation, in which the municipalities play a leading role, has discouraged private sector investment and that the financing of infrastructure building and upgrading goes beyond the municipal level of government. Higher-level jurisdictions are responsible for financing investment in energy and transport infrastructure, for example. "--World Bank web site.
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Bangladesh Public Administration Training Centre Library General Reading Room | 352.4216 MEF 2006 (Browse shelf(Opens below)) | Available | Zahid | WB3884 |
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| 352.4095496 WOA 2007 Access to financial services in Nepal / | 352.409861 WOF 2007 Financial sector dimensions of the Colombian pension system / | 352.409861 WOF 2007 Financial sector dimensions of the Colombian pension system / | 352.4216 MEF 2006 Fiscal responsibility legislation and fiscal adjustment | 352.4238091724 WOI 1999 Information systems for government fiscal management / | 352.43 CHG 2015 ক্যামপাইলেশন অভ দী জেনরল ফিন্যানশল রুলস ও বাজেট ব্যবস্থাপনা / | 352.43 CHG 2015 ক্যামপাইলেশন অভ দী জেনরল ফিন্যানশল রুলস ও বাজেট ব্যবস্থাপনা / |
Title from PDF file as viewed on 1/12/2006.
Includes bibliographical references.
"This paper discusses trends in fiscal adjustment in Brazil since the 1990s, with particular emphasis on the strengthening of institutions for fiscal policymaking, and its effect on local government finances and their ability to invest in infrastructure building and upgrading. Although fiscal adjustment, which is ongoing, has taken a toll on the government's ability to finance much-needed infrastructure investment, it is not the only culprit. A lack of budget flexibility, against a backdrop of increasing downward rigidities in current spending, also constrains the government's ability to invest. The paper argues that regulatory uncertainty in many sectors, particularly water and sanitation, in which the municipalities play a leading role, has discouraged private sector investment and that the financing of infrastructure building and upgrading goes beyond the municipal level of government. Higher-level jurisdictions are responsible for financing investment in energy and transport infrastructure, for example. "--World Bank web site.
Also available in print.
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