Narrowing Vertical Fiscal Imbalances in Four European Countries
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Summary:
This paper describes the institutional changes that have induced a decline in the vertical fiscal imbalance (VFI) - defined as the share of sub-national own spending not financed through own revenues - in four European countries: Belgium, Italy, Norway, and Spain. The decline in VFI was achieved through progressive devolution of revenues to sub-national governments in Belgium, Italy, and Spain, while re-centralization of health sector expenditures was the cause of the decline in the VFI in Norway.
Series:
Working Paper No. 2012/091
Subject:
Expenditure Fiscal policy Fiscal stance Health Health care Health care spending Revenue administration
English
Publication Date:
March 1, 2012
ISBN/ISSN:
9781475502664/1018-5941
Stock No:
WPIEA2012091
Pages:
22
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