OECD Journal on Budgeting, Volume 6 Issue 3

Fiscal Rules for Subnational Governments: Can They Promote Fiscal Discipline?

DOI:https://dx.doi.org/10.1787/budget-v6-art17-en

Experience indicates that fiscal rules can be helpful as a disciplinary device at the central government level. This article explores whether fiscal rules could be usefully adopted in a decentralised framework, where the behaviour of subnational ...



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