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Sub‑national Finances and Fiscal Consolidation: Walking on Thin Ice

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Organisation for Economic Co-operation and Development2026-04-11 收录
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https://www.oecd.org/en/publications/sub-national-finances-and-fiscal-consolidation_5k49m8cqkcf3-en.html
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Recent crises and national consolidation packages affected sub-national finances. In many OECD countries, central governments introduced reductions in transfers to sub-national governments, and established expenditure and/or deficit objectives to be met by local or regional authorities. Such measures have reduced the financial room of sub-national...
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