Fiscal Decentralization and Public Subnational Financial Management in Peru

By Ehtisham Ahmad, Mercedes Garcia-Escribano

May 1, 2006

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Format: Chicago

Ehtisham Ahmad, and Mercedes Garcia-Escribano. Fiscal Decentralization and Public Subnational Financial Management in Peru, (USA: International Monetary Fund, 2006) accessed December 22, 2024

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

There is increasing interest in fiscal decentralization in Peru as a mechanism to generate more involved decision-making at the subnational level. This is tempered with a continuing emphasis on overall fiscal stability. However, considerable work needs to be undertaken to define more clearly expenditure responsibilities and financing mechanisms that increase local accountability. In addition, a more transparent fiscal transfer system is needed, together with clarity in expenditure management at all levels of government. The paper suggests that a substantial work agenda is needed to extend the decentralization process with greater transparency.

Subject: Budget classification, Expenditure, Public debt, Public financial management (PFM), Revenue administration

Keywords: Cash balance, Government, Local government, Subnational government, Tailoring government program, WP

Publication Details

Pages:

25
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2006/120
Stock No:

WPIEA2006120
ISBN:

9781451863802
ISSN:

1018-5941

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