Subnational Public Financial Management: Institutions and Macroeconomic Considerations

By Maria A Albino-War, Raju J Singh, Ehtisham Ahmad

June 1, 2005

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Format: Chicago

Maria A Albino-War, Raju J Singh, and Ehtisham Ahmad. Subnational Public Financial Management: Institutions and Macroeconomic Considerations, (USA: International Monetary Fund, 2005) 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

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.

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

Keywords: Central government, Government accountability, Government auditor, Government authorities, Government operation, National government, WP

Publication Details

Pages:

26
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2005/108
Stock No:

WPIEA2005108
ISBN:

9781451861273
ISSN:

1018-5941

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