Research Network Working Paper, 398. Problems of soft budget constraints in intergovernmental relationships : the case of Italy [texto impreso] / Massimo Bordignon . - Washington : Banco Interamericano de Desarrollo, 2000 . - 43 p.
Idioma : Inglés

Temas:	ASPECTOS FISCALES BANCO INTERAMERICANO DE DESARROLLO FINANZAS PUBLICAS ITALIA PRESUPUESTACION GUBERNAMENTAL
Clasificación:	338.9
Resumen:	Problems of 'soft budget' constraints in intergovernmental relationships are currently at the frontier of research in local public economics. This paper reviews the Italian experience in the field, starting from the mid-1970s up to the present period, compares it with that of other countries, and uses it to comment upon the state of the literature. The paper argues that the soft budget constraint problem has been a rampant one in Italian local public finance, generating efficiency losses, lack of political accountability and undermining the soundness of public finances. The paper inquires into the causes and possible solutions to the problem, and in particular describes and comments upon the decentralization process of the 1990s. Finally, the Italian debate on fiscal federalism of the 1990s is also reviewed, arguing that some of the suggestions of this debate may be of interest more generally.
En línea:	http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=788027
Enlace permanente a este registro:	https://opac.um.edu.uy/index.php?lvl=notice_display&id=72905