IMF Working Papers

IMF Working Papers
Journal
Publisher:
International Monetary Fund
ISSN:
1018-5941
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. With nearly 300 released each year, working papers cover a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
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Subnational Public Financial Management : Institutions and Macroeconomic Considerations

Subnational Public Financial Management : Institutions and Macroeconomic Considerations
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Journal Issue
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Volume/Issue:
2005/108
Series:
IMF Working Papers
Author(s):
Maria Albino-War, Raju Singh, and Ehtisham Ahmad
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
June 2005
DOI:
http://dx.doi.org/10.5089/9781451861273.001
ISBN:
9781451861273
ISSN:
1018-5941
Page:
26
Transparent public financial management at the subnational level requires institutions and processes that mirror those needed at the central government level, in order to generate better accountability and competition among different subnational governments, critical elements in ensuring good governance and efficiency of decentralized administrations. Further subnational debt also has implications for overall macroeconomic stability that concerns the central government. The key components are identified, with a particular focus on subnational debt monitoring and management.
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