Since the early 1980s fiscal and political decentralization have spread around the world. But decentralization can encourage dangerous opportunistic behavior by state and local officials. Left unrestricted, such opportunism can undermine macroeconomic stability and other objectives. The most pressing manifestation of this problem is the softening of subnational budget constraints. The impact of decentralization on public sector efficiency and macroeconomic...
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INFORMATION
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2000/07/31
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Fiche
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21597
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1
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1
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2010/07/01
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Disclosed
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Descentralizacao e o desafio das rigidas contencoes orcamentarias
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Decentralization in government
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