Fiscal Decentralization And Public Subnational Financial Management In Peru
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Fiscal Decentralization and Public Subnational Financial Management in Peru
Author | : Ehtisham Ahmad |
Publisher | : International Monetary Fund |
Total Pages | : 30 |
Release | : 2006-05 |
Genre | : Business & Economics |
ISBN | : |
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There is increasing interest in fiscal decentralization in Peru as a mechanism to generate more involved decision-making at the subnational level. This is tempered with a continuing emphasis on overall fiscal stability. However, considerable work needs to be undertaken to define more clearly expenditure responsibilities and financing mechanisms that increase local accountability. In addition, a more transparent fiscal transfer system is needed, together with clarity in expenditure management at all levels of government. The paper suggests that a substantial work agenda is needed to extend the decentralization process with greater transparency.
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