This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to...

The paper analyses the issues of how regional and local budgets can interplay to generate a financial base for local authorities. The author evaluates the structures of local budgets and the indices calculated for local budgets dissimilarity before and after transfers from regional budgets;...

This study attempts to provide an alternative methodology to calculate the horizontal equalization transfers. This methodology follows the Australian horizontal equalization principle using a panel model methodology where both revenue and expenditure side considerations are involved. First, it...

An equalization system ensures that subnational governments can provide similar level of public services at a comparable level of own tax-effort. This paper focuses on the importance of spending needs factors in the design of equalization transfers as well as special purpose transfers-and the...

This paper examines a typology of grants that are used across the world, and places these in the context of the overall constitutional and legal framework for a country. It looks at the options for grants, given the need to maintain overall macroeconomic stability, efficiency in the use of...

The paper empirically analyzes the incentive effects of equalizing transfers on business tax policy by exploiting a natural experiment in the state of Lower Saxony which changed its equalization formula as of 1999. We resort to within-state and across-state difference-in-difference estimates to...

Basic issues regarding financial provision of the local government including the town of Elista are discussed in the given paper; it is noticed that the major part of the local budgets subsidized. Thus, specific weight of the financial aid in the structure of the budget revenue of Elista amounts...

The article discusses theoretical and practical aspects of the incomes of local budgets in Ukraine. Analyzed the composition of the incomes of local budgets and forms of mobilization of resources to the lowest level of local budgets. The necessity and suggests areas to increase their own...

В статье рассмотрена экономическая сущность финансовой самостоятельности местного самоуправления. Выделены основные проблемы в системе формирования местных...

Цель статьи заключается в изучении, анализе и оценке состояния доходов местных бюджетов. Определены основные источники наполнения доходов местных бюджетов...