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Passing the Buck? Central and Sub‑national Governments in Times of Fiscal Stress

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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/passing-the-buck-central-and-sub-national-governments-in-times-of-fiscal-stress_5k49df1kr95l-en.html
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The paper explores interrelations between the fiscal situation of sub-national and central governments, or – put differently – whether and how sub-national and central governments contribute to each other’s fiscal difficulties. The first part of the paper examines sub-national government policies that may negatively affect the fiscal situation of...
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