A Sub‑national Perspective on Financing Investment for Growth I ‑ Measuring Fiscal Space for Public Investment: Influences, Evolution and Perspectives

Organisation for Economic Co-operation and Development2026-04-11 收录

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Sub-national governments are key players for public investment, as they are responsible on average for 62% of total public investment in OECD countries. This article analyses the different factors affecting sub-national governments’ fiscal space for public investment. It proposes an indicator for measuring this fiscal space and analyses the...