Fiscal decentralization and public subnational financial management in Peru
By: prepared by Ehtisham Ahmad and Mercedes García-Escribano.
Contributors: Garcia-Escribano, Mercedes.; International Monetary Fund. Fiscal Affairs Dept.
Series: IMF working paper -- WP/06/120
Publisher: International Monetary Fund, Fiscal Affairs Dept.
Published: 2006
Place of publication: Washington, D.C
Language: eng
Number of pages: 23
Subjects: Fiscal policy -- Peru.; Intergovernmental fiscal relations -- Peru.; Transparency in government -- Peru.; Decentralization in government -- Peru.
Description: There is increasing interest in fiscal decentralization in Peru as a mechanism to generate more involved decision-making at the subnational level. This is tempered with a continuing emphasis on overall fiscal stability. However, considerable work needs to be undertaken to define more clearly expenditure responsibilities and financing mechanisms that increase local accountability. In addition, a more transparent fiscal transfer system is needed, together with clarity in expenditure management at all levels of government. The paper suggests that a substantial work agenda is needed to extend the decentralization process with greater transparency.
Notes: "May 2006."

Includes bibliographical references (p. 23).

Also available on the World Wide Web.