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Narrowing Vertical Fiscal Imbalances in Four European Countries

This paper describes the institutional changes that have induced a decline in the vertical fiscal imbalance (VFI) - defined as the share of sub-national own spending not financed through own revenues - in four European countries: Belgium, Italy, Norway, and Spain. The decline in VFI was achieved thr...

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Bibliographic Details
Main Author: Karpowicz, Izabela
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2012
Series:IMF Working Papers
Subjects:
Fiscal Stance
Health
Revenue Administration
Secession
Analysis Of Health Care Markets
State And Local Budget And Expenditures
Public Finance & Taxation
National Government Expenditures And Health
State And Local Taxation, Subsidies, And Revenue
Health Care Spending
Federalism
State And Local Government
National Deficit Surplus
Fiscal Policy
Structure, Scope, And Performance Of Government
Intergovernmental Relations: General
National Government Expenditures And Related Policies: General
Expenditure
Health Care
Taxation, Subsidies, And Revenue: General
Health Systems & Services
Expenditures, Public
Macroeconomics
Health Policy
Intergovernmental Relations
Public Finance
Revenue
Medical Care
Italy
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper describes the institutional changes that have induced a decline in the vertical fiscal imbalance (VFI) - defined as the share of sub-national own spending not financed through own revenues - in four European countries: Belgium, Italy, Norway, and Spain. The decline in VFI was achieved through progressive devolution of revenues to sub-national governments in Belgium, Italy, and Spain, while re-centralization of health sector expenditures was the cause of the decline in the VFI in Norway
Physical Description:22 pages
ISBN:9781475502664

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