Subnational Public Financial Management: Institutions and Macroeconomic Considerations

27 Pages Posted: 3 Mar 2006

See all articles by Ehtisham Ahmad

Ehtisham Ahmad

International Monetary Fund (IMF)

Maria Albino-War

affiliation not provided to SSRN

Raju Singh

International Monetary Fund (IMF)

Date Written: June 2005

Abstract

Transparent public financial management at the subnational level requires institutions and processes that mirror those needed at the central government level, in order to generate better accountability and competition among different subnational governments, critical elements in ensuring good governance and efficiency of decentralized administrations. Further subnational debt also has implications for overall macroeconomic stability that concerns the central government. The key components are identified, with a particular focus on subnational debt monitoring and management.

Keywords: Intergovernmental fiscal relations

JEL Classification: H7

Suggested Citation

Ahmad, Ehtisham and Albino-War, Maria and Singh, Raju, Subnational Public Financial Management: Institutions and Macroeconomic Considerations (June 2005). IMF Working Paper No. 05/108, Available at SSRN: https://ssrn.com/abstract=887977

Ehtisham Ahmad (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

Maria Albino-War

affiliation not provided to SSRN

No Address Available

Raju Singh

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

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