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In preparing for the discussions of the Iraqi Constituent Assembly, IMF and World Bank staff and consultant experts presented to senior officials from the central and local governments in Iraq, including from Kurdistan, key options that might be relevant for the discussions. This paper reflects...
Persistent link: https://www.econbiz.de/10014400957
Based on cross-country data for up to 78 countries, this paper shows that fiscal decentralization-the assignment of expenditure and revenue mobilization functions to subnational levels of government-is associated with various indicators of governance, such as corruption, rule of law, and...
Persistent link: https://www.econbiz.de/10014401240
Full implementation of an intergovernmental transfer system based on revenue capacities and expenditure needs could significantly improve both redistribution and equity objectives of the Chinese authorities. This was envisaged in the 1994 fiscal reforms, but the authorities were unable to...
Persistent link: https://www.econbiz.de/10014401323
Belgium’s impressive past fiscal consolidation is an example for other countries that need to bring down their public … debt and also provides insights on how best to address its own current fiscal challenges. Belgium has a unique history of a … long and successful large fiscal consolidation. Belgium lived through various episodes of fiscal adjustment and each one of …
Persistent link: https://www.econbiz.de/10014401097
After being hit by a severe recession in 2008–09, the Belgian economy is gradually recovering. When core inflation remained subdued in 2010, headline inflation jumped up due to the energy price hike. The growth of potential output is expected to revert to its declining trend over the medium...
Persistent link: https://www.econbiz.de/10014401336
This 2005 Article IV Consultation highlights that Belgium’s growth has picked up following weakness in early 2005 …
Persistent link: https://www.econbiz.de/10014404825
This Selected Issues paper for Belgium evaluates whether price increases in Belgium are excessive. It assesses the … estate markets between Belgium and other countries. The paper analyzes policy and institutional factors that may have … contributed to housing price developments in Belgium. It identifies potential policies that are available to avert a buildup of …
Persistent link: https://www.econbiz.de/10014405076
Settlement Systems for Belgium. The assessment reveals that overall, the financial system is generally sound, resilient to …
Persistent link: https://www.econbiz.de/10014405077
The basic government finance processes are supported by a sound institutional and legal framework. Fiscal information is provided through regular publications and extensive use of the internet. Finally, audit processes are extensive and help improve budget management decisions, practices and...
Persistent link: https://www.econbiz.de/10014405264
Although economic performance has remained good, difficulties in building consensus for institutional reform have caused an ill-affordable hiatus in economic policymaking. Robust economic activity absorbed a growing labor force and allowed the unemployment rate to decline continuously....
Persistent link: https://www.econbiz.de/10014405268