Subnational Public Financial Management: Institutions and Macroeconomic Considerations

Author/Editor:

Maria A Albino-War ; Raju J Singh ; Ehtisham Ahmad

Publication Date:

June 1, 2005

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

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.

Series:

Working Paper No. 2005/108

Subject:

Budget planning and preparation Expenditure Fiscal accounting and reporting Fiscal rules Public financial management (PFM)

English

Publication Date:

June 1, 2005

ISBN/ISSN:

9781451861273/1018-5941

Stock No:

WPIEA2005108

Pages:

26

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