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Financing Local Government

image of Financing Local Government
Decentralisation is now taking place in the public administrations of most countries of the world. A critical determinant of the effective performance of local governments is finance – their ability to both mobilise financial resources and to use those resources effectively and efficiently.



This book explores the variety of methods used to ensure that fiscal decentralisation takes place alongside administrative decentralisation. It considers the range of revenue sources available, the design systems of intergovernmental transfers between central and local government, and the kinds of rules and procedures necessary to ensure that local governments use their financial resources appropriately.



The experiences described in this book will help local government managers, and national policymakers charged with local government finance issues, to ensure that they follow good practice in their own programmes of local government reform.

English

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Innovative Approaches to Municipal Infrastructure Financing

The twin dilemma of what constitutes adequate local government financing and how to mobilise it has confounded academics and practitioners alike. Typically, only immobile tax bases, such as property taxes, are assigned to local jurisdictions. Borrowing at the local level has not found favour, especially in developing countries, as the traditional thesis of capital financing professed that local government borrowing is irresponsible and should be subject to considerable restrictions.

English

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