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This paper examines a typology of grants that are used across the world, and places these in the context of the overall constitutional and legal framework for a country. It looks at the options for grants, given the need to maintain overall macroeconomic stability, efficiency in the use of scarce resources as well as reduced horizontal disparities. The role of central objectives in a decentralized framework is also assessed. The paper argues for a comprehensive framework for grants, as well as a proper institutional framework to manage grants systems.

Electronic books. -- local. --- Grants-in-aid. --- Intergovernmental fiscal relations. --- Subnational governments. --- Subsidies. --- Labor --- Public Finance --- Taxation --- National Government Expenditures and Related Policies: General --- Taxation, Subsidies, and Revenue: General --- Employment --- Unemployment --- Wages --- Intergenerational Income Distribution --- Aggregate Human Capital --- Aggregate Labor Productivity --- Public finance & taxation --- Labour --- income economics --- Expenditure --- Public employment --- Revenue administration --- Revenue sharing --- Administration in revenue administration --- Expenditures, Public --- Revenue --- Economic theory --- South Africa --- Income economics

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These original essays highlight the state of knowledge in intergovernmental transfer design. They represent creative new thinking about challenging policy issues and offer useful options for policy makers. Five specific themes are covered in separate sections. They include: The fundamental nature and objectives of equalization grants and their consequences on efficiency and equity; The appropriate institutional setting for the design and implementation of equalization grant systems; The challenges in the design of formulas with limited data availability for recurrent and capital purposes; The coordination of equalization grants with other related policies; The political economy behind equalization transfers. "There is a genuine need for this book; it will become a 'benchmark' reference. I am impressed with its content, organization, readability, and fresh thematic approach." Robert D. Ebel, The World Bank

Public finance --- Public economics --- Economic conditions. Economic development --- Developing countries: economic development problems --- ontwikkelingssamenwerking --- overheidsfinanciën