Fiscal Responsibility Legislation and Fiscal Adjustment is popular PDF and ePub book, written by Luiz de Mello in 2006, it is a fantastic choice for those who relish reading online the Fiscal policy genre. Let's immerse ourselves in this engaging Fiscal policy book by exploring the summary and details provided below. Remember, Fiscal Responsibility Legislation and Fiscal Adjustment can be Read Online from any device for your convenience.
Fiscal Responsibility Legislation and Fiscal Adjustment Book PDF Summary
Abstract: "This paper discusses trends in fiscal adjustment in Brazil since the 1990s, with particular emphasis on the strengthening of institutions for fiscal policymaking, and its effect on local government finances and their ability to invest in infrastructure building and upgrading. Although fiscal adjustment, which is ongoing, has taken a toll on the government's ability to finance much-needed infrastructure investment, it is not the only culprit. A lack of budget flexibility, against a backdrop of increasing downward rigidities in current spending, also constrains the government's ability to invest. The paper argues that regulatory uncertainty in many sectors, particularly water and sanitation, in which the municipalities play a leading role, has discouraged private sector investment and that the financing of infrastructure building and upgrading goes beyond the municipal level of government. Higher-level jurisdictions are responsible for financing investment in energy and transport infrastructure, for example."--World Bank web site.
Detail Book of Fiscal Responsibility Legislation and Fiscal Adjustment PDF
- Author : Luiz de Mello
- Release : 21 September 2024
- Publisher : World Bank Publications
- ISBN : 978186723xxxx
- Genre : Fiscal policy
- Total Page : 24 pages
- Language : English
- PDF File Size : 13,7 Mb
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