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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:
Expenditures, Public
Fiscal Stance
National Deficit Surplus
Fiscal Policy
Health Care Spending
National Government Expenditures And Related Policies: General
Health Care
National Government Expenditures And Health
Health
Revenue
Public Finance & Taxation
State And Local Government
Health Policy
Taxation, Subsidies, And Revenue: General
Secession
State And Local Budget And Expenditures
Health Systems & Services
Federalism
Medical Care
Public Finance
Intergovernmental Relations
Revenue Administration
Macroeconomics
State And Local Taxation, Subsidies, And Revenue
Expenditure
Intergovernmental Relations: General
Analysis Of Health Care Markets
Structure, Scope, And Performance Of Government
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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