Mobilizing Urban Infrastructure Finance Within A Responsible Fiscal Framework: South African Case
Since South Africa held its first democratic elections in 1994, it has given significant attention to building an effective system of decentralization including provincial and local government. While provincial governments are responsible mainly for the implementation of social services such as heal...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
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The World Bank
2006
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| Zusammenfassung: | Since South Africa held its first democratic elections in 1994, it has given significant attention to building an effective system of decentralization including provincial and local government. While provincial governments are responsible mainly for the implementation of social services such as health and education, the provision of much of the urban infrastructure is the responsibility of local government. Although many challenges remain, the country has made significant progress over the past decade in addressing urban service backlogs in poor areas. At the same time, it has greatly improved macroeconomic fundamentals. The system of financing local government seeks to place accountability firmly at the local level, with most revenues in the larger urban centers raised locally through a combination of local taxes and fees for services, while poorer regions are predominantly grant funded. The objective has been to encourage the financing of capital infrastructure through local borrowing based on sustainable, transparent local finances rather than national repayment guarantees, which are outlawed. There is some indirect subsidization of loans through the state-owned Development Bank of Southern Africa. But the emphasis is on achieving redistribution through transparent, formula-based grants paid directly from national to local governments. While further bedding down of the system is needed, the approach is proving largely successful. The paper concludes by recommending that the existing division between provinces as providers of social services and local governments as the key locus of responsibility for services related to the built environment should be strengthened, particularly through the devolution of more urban transport related functions. A number of key risks are also highlighted, including issues related to the reform of local business taxes |
| Beschreibung: | 1 Online-Ressource (17 Seiten)) |
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| 520 | 3 | |a Since South Africa held its first democratic elections in 1994, it has given significant attention to building an effective system of decentralization including provincial and local government. While provincial governments are responsible mainly for the implementation of social services such as health and education, the provision of much of the urban infrastructure is the responsibility of local government. Although many challenges remain, the country has made significant progress over the past decade in addressing urban service backlogs in poor areas. At the same time, it has greatly improved macroeconomic fundamentals. The system of financing local government seeks to place accountability firmly at the local level, with most revenues in the larger urban centers raised locally through a combination of local taxes and fees for services, while poorer regions are predominantly grant funded. The objective has been to encourage the financing of capital infrastructure through local borrowing based on sustainable, transparent local finances rather than national repayment guarantees, which are outlawed. There is some indirect subsidization of loans through the state-owned Development Bank of Southern Africa. But the emphasis is on achieving redistribution through transparent, formula-based grants paid directly from national to local governments. While further bedding down of the system is needed, the approach is proving largely successful. The paper concludes by recommending that the existing division between provinces as providers of social services and local governments as the key locus of responsibility for services related to the built environment should be strengthened, particularly through the devolution of more urban transport related functions. A number of key risks are also highlighted, including issues related to the reform of local business taxes | |
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| 650 | 4 | |a Transport Economics | |
| 650 | 4 | |a Urban Development | |
| 650 | 4 | |a Urban Economics | |
| 650 | 4 | |a Urban Governance and Management | |
| 700 | 1 | |a van Ryneveld, Philip |e Sonstige |4 oth | |
| 776 | 0 | 8 | |i van Ryneveld, Philip |a Mobilizing Urban Infrastructure Finance Within A Responsible Fiscal Framework |
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Datensatz im Suchindex
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| spelling | van Ryneveld, Philip Verfasser aut Mobilizing Urban Infrastructure Finance Within A Responsible Fiscal Framework South African Case van Ryneveld, Philip Washington, D.C The World Bank 2006 1 Online-Ressource (17 Seiten)) txt rdacontent c rdamedia cr rdacarrier Since South Africa held its first democratic elections in 1994, it has given significant attention to building an effective system of decentralization including provincial and local government. While provincial governments are responsible mainly for the implementation of social services such as health and education, the provision of much of the urban infrastructure is the responsibility of local government. Although many challenges remain, the country has made significant progress over the past decade in addressing urban service backlogs in poor areas. At the same time, it has greatly improved macroeconomic fundamentals. The system of financing local government seeks to place accountability firmly at the local level, with most revenues in the larger urban centers raised locally through a combination of local taxes and fees for services, while poorer regions are predominantly grant funded. The objective has been to encourage the financing of capital infrastructure through local borrowing based on sustainable, transparent local finances rather than national repayment guarantees, which are outlawed. There is some indirect subsidization of loans through the state-owned Development Bank of Southern Africa. But the emphasis is on achieving redistribution through transparent, formula-based grants paid directly from national to local governments. While further bedding down of the system is needed, the approach is proving largely successful. The paper concludes by recommending that the existing division between provinces as providers of social services and local governments as the key locus of responsibility for services related to the built environment should be strengthened, particularly through the devolution of more urban transport related functions. A number of key risks are also highlighted, including issues related to the reform of local business taxes Online-Ausg Cities Debt Debt Markets Decentralization Employment Finance and Financial Sector Development Financial Literacy Governments Grants Guarantees Housing Infrastructure Labor Local Government Local Governments Metropolitan Area Municipal Financial Management Policy Public and Municipal Finance Subnational Governance Transport Transport Economics Urban Development Urban Economics Urban Governance and Management van Ryneveld, Philip Sonstige oth van Ryneveld, Philip Mobilizing Urban Infrastructure Finance Within A Responsible Fiscal Framework http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4042 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | van Ryneveld, Philip Mobilizing Urban Infrastructure Finance Within A Responsible Fiscal Framework South African Case Cities Debt Debt Markets Decentralization Employment Finance and Financial Sector Development Financial Literacy Governments Grants Guarantees Housing Infrastructure Labor Local Government Local Governments Metropolitan Area Municipal Financial Management Policy Public and Municipal Finance Subnational Governance Transport Transport Economics Urban Development Urban Economics Urban Governance and Management |
| title | Mobilizing Urban Infrastructure Finance Within A Responsible Fiscal Framework South African Case |
| title_auth | Mobilizing Urban Infrastructure Finance Within A Responsible Fiscal Framework South African Case |
| title_exact_search | Mobilizing Urban Infrastructure Finance Within A Responsible Fiscal Framework South African Case |
| title_exact_search_txtP | Mobilizing Urban Infrastructure Finance Within A Responsible Fiscal Framework South African Case |
| title_full | Mobilizing Urban Infrastructure Finance Within A Responsible Fiscal Framework South African Case van Ryneveld, Philip |
| title_fullStr | Mobilizing Urban Infrastructure Finance Within A Responsible Fiscal Framework South African Case van Ryneveld, Philip |
| title_full_unstemmed | Mobilizing Urban Infrastructure Finance Within A Responsible Fiscal Framework South African Case van Ryneveld, Philip |
| title_short | Mobilizing Urban Infrastructure Finance Within A Responsible Fiscal Framework |
| title_sort | mobilizing urban infrastructure finance within a responsible fiscal framework south african case |
| title_sub | South African Case |
| topic | Cities Debt Debt Markets Decentralization Employment Finance and Financial Sector Development Financial Literacy Governments Grants Guarantees Housing Infrastructure Labor Local Government Local Governments Metropolitan Area Municipal Financial Management Policy Public and Municipal Finance Subnational Governance Transport Transport Economics Urban Development Urban Economics Urban Governance and Management |
| topic_facet | Cities Debt Debt Markets Decentralization Employment Finance and Financial Sector Development Financial Literacy Governments Grants Guarantees Housing Infrastructure Labor Local Government Local Governments Metropolitan Area Municipal Financial Management Policy Public and Municipal Finance Subnational Governance Transport Transport Economics Urban Development Urban Economics Urban Governance and Management |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4042 |
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