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: | BSB01 EUV01 HTW01 FHI01 IOS01 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 |
| Beschreibung: | 1 Online-Ressource |
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| id | DE-604.BV049074812 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T22:27:47Z |
| indexdate | 2024-07-10T09:54:31Z |
| institution | BVB |
| language | English |
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| publishDate | 2006 |
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| publisher | World Bank |
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| series2 | Policy research working paper |
| spelling | Mello, Luiz de Verfasser aut Fiscal responsibility legislation and fiscal adjustment the case of Brazilian local governments Luiz de Mello [Washington, D.C] World Bank [2006] 1 Online-Ressource txt rdacontent c rdamedia cr rdacarrier Policy research working paper 3812 Includes bibliographical references Title from PDF file as viewed on 1/12/2006 "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 Online-Ausg Also available in print Fiscal policy Brazil Local finance Brazil Municipal finance Brazil World Bank Sonstige oth Mello, Luiz de Fiscal responsibility legislation and fiscal adjustment http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3812 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Mello, Luiz de Fiscal responsibility legislation and fiscal adjustment the case of Brazilian local governments Fiscal policy Brazil Local finance Brazil Municipal finance Brazil |
| 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_exact_search_txtP | 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 | Fiscal policy Brazil Local finance Brazil Municipal finance Brazil |
| topic_facet | Fiscal policy Brazil Local finance Brazil Municipal finance Brazil |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3812 |
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