01683cas a2200253 a 4500 AALejournalIMF011313 230101c9999 xx r poo 0 0eng d 5.00 USD 9781463904944 1018-5941 BD-DhAAL BD-DhAAL Eyraud, Luc. Decentralizing Spending More Than Revenue : Does it Hurt Fiscal Performance? / Luc Eyraud, Lusine Lusinyan. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (33 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students In many countries the decentralization of spending responsibilities has outpaced the decentralization of revenue powers. Sub-national governments have then to rely on transfers from the center and borrowing to finance their spending. When this occurs, we find that the overall fiscal deficit tends to increase. This result is based on cross-country econometric evidence from OECD countries, and is particularly strong in the presence of regional disparities. Fiscal discipline can be strengthened by ensuring that sub-national taxing powers are adequate to meet spending obligations. Mode of access: Internet Lusinyan, Lusine. IMF Working Papers; Working Paper ; No. 2011/226 Full text available on IMF http://elibrary.imf.org/view/journals/001/2011/226/001.2011.issue-226-en.xml IMF e-Library