TY - BOOK ID - 84544121 TI - Decentralizing Spending More Than Revenue : Does it Hurt Fiscal Performance? AU - Eyraud, Luc. AU - Lusinyan, Lusine. PY - 2011 SN - 1463981570 1463949421 1283560690 9786613873149 1463986165 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Expenditures, Public KW - Fiscal policy KW - Tax policy KW - Taxation KW - Economic policy KW - Finance, Public KW - Appropriations and expenditures KW - Government appropriations KW - Government expenditures KW - Government spending KW - Public expenditures KW - Public spending KW - Spending, Government KW - Public administration KW - Government spending policy KW - Econometric models. KW - Government policy KW - Budgeting KW - Macroeconomics KW - Public Finance KW - Structure, Scope, and Performance of Government KW - National Deficit Surplus KW - State and Local Government KW - Intergovernmental Relations: General KW - State and Local Taxation, Subsidies, and Revenue KW - State and Local Budget and Expenditures KW - Intergovernmental Relations KW - Federalism KW - Secession KW - Fiscal Policy KW - National Government Expenditures and Related Policies: General KW - National Budget KW - Budget Systems KW - Debt KW - Debt Management KW - Sovereign Debt KW - Public finance & taxation KW - Budgeting & financial management KW - Fiscal stance KW - Expenditure KW - General government spending KW - Public debt KW - Public financial management (PFM) KW - Budget KW - Debts, Public KW - Australia UR - https://www.unicat.be/uniCat?func=search&query=sysid:84544121 AB - In many countries the decentralization of spending responsibilities has outpaced the decentralization of revenue powers. Sub-national governments have then to rely on transfers from the center and borrowing to finance their spending. When this occurs, we find that the overall fiscal deficit tends to increase. This result is based on cross-country econometric evidence from OECD countries, and is particularly strong in the presence of regional disparities. Fiscal discipline can be strengthened by ensuring that sub-national taxing powers are adequate to meet spending obligations. ER -