Contributions

  • Garcia-Escribano, Mercedes. - Contributor
  • International Monetary Fund. Fiscal Affairs Dept. - Contributor

Publication

2006 - International Monetary Fund, Fiscal Affairs Dept., Washington, D.C, District of Columbia

Language

English

Word Count

5,750 words, Guess

Page Count

23 pages

Identifiers

Description

There is increasing interest in fiscal decentralization in Peru as a mechanism to generate more involved decision-making at the subnational level. This is tempered with a continuing emphasis on overall fiscal stability. However, considerable work needs to be undertaken to define more clearly expenditure responsibilities and financing mechanisms that increase local accountability. In addition, a more transparent fiscal transfer system is needed, together with clarity in expenditure management at all levels of government. The paper suggests that a substantial work agenda is needed to extend the decentralization process with greater transparency.

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