LOCAL BORROWING AUTONOMY AS PART OF FISCAL DECENTRALIZATION PROCESS

Autor:	Crasneac Alexandru Octavian
Jazyk:	German<br />English<br />French<br />Italian
Rok vydání:	2012
Předmět:	fiscal decentralization sub-central government local borrowing borrowing autonomy Business HF5001-6182 Finance HG1-9999
Zdroj:	Annals of the University of Oradea: Economic Science, Vol 1, Iss 2, Pp 449-453 (2012)
Druh dokumentu:	article
ISSN:	1222-569X 1582-5450
Popis:	Beside the usual fiscal instruments like taxes and intergovernmental grants, sub-central governments have access to additional revenue through borrowing. When assessing the fiscal decentralization process, a key issue is the local borrowing autonomy, even though the fiscal decentralization literature has devoted surprisingly little attention to this topic. This paper examines the implications of sub-central government borrowing and the reasons behind the borrowing constrains they face. Based on the methodology developed by IADB, we have calculated a Borrowing Autonomy Index for Romania and compared the results to other countries providing a valuable insight on the fiscal decentralization specific features.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/6d2e87c26e894176836b38323816ace5 Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF