This report provides an assessment of fiscal transparency practices in Hungary in relation to the requirements of the IMF Code of Good Practices on Fiscal Transparency. The report reveals that Hungary has increased its level of transparency in a number of areas since the last fiscal Report on...

Gabon partially complies with the principles of the Code of Good Practices on Fiscal Transparency and the Guide on Resource Revenue Transparency. Much remains to be done to ensure that government finances are managed transparently, in conformity with international best practices. Knowledge and...

This paper presents research on the effect of intergovernmental grants on local government revenue in Chile. Intergovernmental grants are endogenous and I exploit a kink in a component of the Chilean formula for resource distribution for a panel of 340 Chilean municipalities from 1990 to 2007. I...

The purpose of this article is to examine how strong impact on local government revenues has an inheritance and gift tax. The author presents three different classifications of local government revenues: statutory and two classifications taken from Beata Guziejewska’s and Krystyna...

The current system of funding local governments in Poland requires changes; within tax revenues the changes should concern the system of property taxes. The reformed property tax should be a potential source of considerable additional commune revenues. The article is aimed at the analysis of how...

China’s rapid credit expansion in 2009–10 brought local government financing platforms (LGFPs) into the spotlight. This paper discusses their function, reasons behind their recent expansion, and risks they are posing to the financial sector, local governments, and sovereign balance...

The impacts of air quality regulations under the Clean Air Act extend beyond directly regulated polluting industries; these regulations also affect the tax bases of local governments. To assess the local fiscal effects of nonattainment regulations under the Clean Air Act, this article analyzes...

Free or underpriced curb parking creates a classic commons problem. Studies have found that between 8% and 74% of cars in congested traffic were cruising in search of curb parking, and that the average time to find a curb space ranged between 3 and 14 min. Cities can eliminate the economic...

The Productivity Commission reports that local governments in Australia perform an important role through their provision of infrastructure, service delivery, and planning and regulatory activities. Amidst calls by local governments for increased funding from the Australian and State...

This paper presents an update to the Report on the Observance of Standards and Codes on Fiscal Transparency for Poland. Three state offices were consolidated with the government. Also, the Alimony Fund—an extrabudgetary fund—was liquidated and its functions were shifted to the...