Institutional and Financial Relations across Levels of Government
By: Organisation for Economic Co-operation and Development and Korea Institute of Public Finance
Contributors: Han'guk Chose Yŏn'guwŏn
Series: OECD fiscal federalism studies; OECD Fiscal Federalism Studies
Publisher: OECD Publishing
Published: 2012
Place of publication: Paris
Language: eng
Format: [electronic resource] /
Number of pages: 160
ISBN-13: 9789264167001
Subjects: Finance and Investment; Governance
Description: As financial markets put more and more pressure on governments to reduce their deficits and debts, sub-central  levels of government are a key player in the implementation of national strategies. The room for manoeuvre to implement consolidations strategies coordinated across levels of government highly depends on the institutional structure of intergovernmental relations, and the effectiveness of their multi-level governance structure. This was already the case for recovery strategies, in the beginning of the crisis. This report provides an overview of the institutional and financial relations across levels of government  that enables policymakers evaluate their position and identify good practices for mobilizing sub-central governments for national growth, equity and stability objectives. This report is divided into two parts: the first part is analytical and the second part provides institutional and quantitative country information and comparisons.
Table of contents: title: Foreword and Acknowledgements; title: Introduction; title: A sub-central government perspective on fiscal policy in a tight fiscal environment; title: The political economy of fiscal decentralisation; title: Financial resources, expenditures and debt of sub-central governments; title: Country notes.