Central and Local Government Relations in Asia

Achieving Fiscal Sustainability

Naoyuki Yoshino,

Central and Local Government Relations in Asia: Achieving Fiscal Sustainability
 
 
Sustainable and inclusive growth in emerging Asian economies requires high levels of public investment in areas such as infrastructure, education, health, and social services. The increasing complexity and regional diversity of these investment needs, together with the trend of democratization, has led to fiscal decentralization being implemented in many Asian economies. This book takes stock of some major issues regarding fiscal decentralization, including expenditure and revenue assignments, transfer programs, and sustainability of local government finances, and develops important findings and policy recommendations.


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