Fiscal responsibility legislation and fiscal adjustment: the case of Brazilian local governments
"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 a...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C]
World Bank
2006
|
| Schriftenreihe: | Policy research working paper
3812 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | "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 |
| Beschreibung: | Includes bibliographical references. - Title from PDF file as viewed on 1/12/2006 Erscheinungsjahr in Vorlageform:[2006] Weitere Ausgabe: Mello, Luiz de : Fiscal responsibility legislation and fiscal adjustment |
| Beschreibung: | 1 Online-Ressource (24 Seiten) |
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| 500 | |a Weitere Ausgabe: Mello, Luiz de : Fiscal responsibility legislation and fiscal adjustment | ||
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| physical | 1 Online-Ressource (24 Seiten) |
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| publishDate | 2006 |
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| publisher | World Bank |
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| series2 | Policy research working paper |
| spellingShingle | Mello, Luiz de 1967- Fiscal responsibility legislation and fiscal adjustment the case of Brazilian local governments |
| title | Fiscal responsibility legislation and fiscal adjustment the case of Brazilian local governments |
| title_auth | Fiscal responsibility legislation and fiscal adjustment the case of Brazilian local governments |
| title_exact_search | Fiscal responsibility legislation and fiscal adjustment the case of Brazilian local governments |
| title_full | Fiscal responsibility legislation and fiscal adjustment the case of Brazilian local governments Luiz de Mello |
| title_fullStr | Fiscal responsibility legislation and fiscal adjustment the case of Brazilian local governments Luiz de Mello |
| title_full_unstemmed | Fiscal responsibility legislation and fiscal adjustment the case of Brazilian local governments Luiz de Mello |
| title_short | Fiscal responsibility legislation and fiscal adjustment |
| title_sort | fiscal responsibility legislation and fiscal adjustment the case of brazilian local governments |
| title_sub | the case of Brazilian local governments |
| topic_facet | Brasilien |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3812 |
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