Intergovernmental Fiscal Management in Natural Resource-Rich Settings

In resource-dependent countries, natural resources constitute one of the main assets available for financing local governments because the economy is not greatly diversified. The goal of this note is to highlight different critical dimensions of in...

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Main Authors: Vinuela, Lorena, Kaiser, Kai, Chowdhurie-Aziz, Monali
Format: Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2014
Subjects:
GDP
TAX
Online Access:http://documents.worldbank.org/curated/en/2014/01/20302404/intergovernmental-fiscal-management-natural-resource-rich-settings
http://hdl.handle.net/10986/20679
id okr-10986-20679
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic ADMINISTRATIVE DECENTRALIZATION
AGRICULTURE
ALLOCATION OF RESOURCES
BANK POLICY
BOOM-BUST CYCLE
BUDGET EXECUTION
BUDGETING
CAPITAL MOBILITY
CASH TRANSFER
CENTRAL AUTHORITIES
CENTRAL GOVERNMENT
CENTRAL GOVERNMENTS
CENTRAL TRANSFERS
CHECKS
COMMODITY PRICE
COMMODITY PRICES
COMPENSATION FUND
COMPLIANCE COSTS
CONSTITUTIONAL AMENDMENT
CREDIBILITY
CURRENT EXPENDITURES
DEBT REDUCTION
DEFICITS
DEVELOPING COUNTRIES
DEVELOPMENT ECONOMICS
DISTRICT
DISTRICT-LEVEL
DISTRICTS
ECONOMIC DEVELOPMENT
ECONOMIC EFFICIENCY
ECONOMIC RESEARCH
ECONOMICS RESEARCH
ECONOMIES OF SCALE
EXCESS COST
EXCESSIVE BORROWING
EXCESSIVE DEPENDENCE
EXPENDITURE
EXPENDITURES
EXPORTS
EXPROPRIATION
EXTERNALITIES
FEDERAL COUNTRIES
FEDERAL GOVERNMENTS
FEDERAL INSTITUTIONS
FINANCIAL MARKETS
FISCAL AUTONOMY
FISCAL BALANCE
FISCAL CAPACITY
FISCAL COORDINATION
FISCAL DECENTRALIZATION
FISCAL FEDERALISM
FISCAL MANAGEMENT
FISCAL PERFORMANCE
FISCAL POLICIES
FISCAL POLICY
FISCAL SPACE
FISCAL SUSTAINABILITY
FISCAL TRANSFERS
FOREIGN CURRENCY
GDP
GDP PER CAPITA
GOVERNMENT FINANCE
GOVERNMENT POLICY
GOVERNMENT REVENUES
GROSS DOMESTIC PRODUCT
GROSS DOMESTIC PRODUCT GROWTH
GROSS VALUE
HORIZONTAL EQUITY
HOUSING
INCOME TAX
INSTITUTIONAL DEVELOPMENT
INSTRUMENT
INTERGOVERNMENTAL FISCAL ARRANGEMENTS
INTERGOVERNMENTAL FISCAL RELATIONS
INTERGOVERNMENTAL FISCAL SYSTEMS
INTERGOVERNMENTAL FISCAL TRANSFERS
INTERGOVERNMENTAL RELATIONS
INTERGOVERNMENTAL TRANSFER
INTERGOVERNMENTAL TRANSFERS
INTERNATIONAL DEVELOPMENT
INVESTING
JUDICIAL INSTITUTIONS
LESS DEVELOPED COUNTRIES
LEVEL OF GOVERNMENT
LEVY
LICENSES
LIVING STANDARDS
LOCAL AUTONOMY
LOCAL CAPACITY
LOCAL ECONOMY
LOCAL GOVERNMENT
LOCAL GOVERNMENTS
LOCAL INFRASTRUCTURE
MACROECONOMIC STABILITY
MACROECONOMIC SUSTAINABILITY
MONETARY FUND
MORAL HAZARD
MUNICIPALITIES
NATURAL RESOURCES
NET REVENUES
OIL PRICE
OIL PRICES
OIL RESOURCES
PER CAPITA INCOME
POLICY FORMULATION
POLICY MAKERS
POLICY OBJECTIVES
POLITICAL COMPETITION
POLITICAL ECONOMY
POLITICAL POWER
POLITICAL RISK
POLITICAL STABILITY
POLITICAL VOLATILITY
PRICE CHANGES
PRICE FLUCTUATIONS
PRICE TAKERS
PRICE VOLATILITY
PRODUCTIVE INVESTMENTS
PROPERTY TAXES
PROVINCE
PROVINCES
PROVINCIAL GOVERNMENTS
PUBLIC DEBT
PUBLIC EXPENDITURES
PUBLIC FINANCE
PUBLIC SPENDING
REDISTRIBUTION
REFERENDUM
REGULATORY FRAMEWORKS
RESERVES
RETURN
RETURNS
REVENUE ALLOCATIONS
REVENUE ASSIGNMENTS
REVENUE BASE
REVENUE COLLECTION
REVENUE MANAGEMENT
REVENUE SHARING
REVENUE SOURCES
REVENUE VOLATILITY
STATE GOVERNMENT
SUBNATIONAL
SUBNATIONAL ENTITIES
SUBNATIONAL GOVERNMENTS
SUBNATIONAL REGIONS
SUBNATIONAL UNITS
TAX
TAX ADMINISTRATION
TAX ASSIGNMENT
TAX AUTONOMY
TAX BASE
TAX BASES
TAX COLLECTION
TAX INSTRUMENTS
TAX POLICY
TAX RATES
TAX REVENUE
TAX REVENUE SHARING
TAXABLE INCOME
TAXATION
TAXPAYERS
TOTAL EXPENDITURES
TOTAL GOVERNMENT EXPENDITURES
TOTAL REVENUE
TRANSITION COUNTRIES
TRANSPARENCY
VALUE ADDED
VARIABLE RATES
WAGES
WEALTH
spellingShingle ADMINISTRATIVE DECENTRALIZATION
AGRICULTURE
ALLOCATION OF RESOURCES
BANK POLICY
BOOM-BUST CYCLE
BUDGET EXECUTION
BUDGETING
CAPITAL MOBILITY
CASH TRANSFER
CENTRAL AUTHORITIES
CENTRAL GOVERNMENT
CENTRAL GOVERNMENTS
CENTRAL TRANSFERS
CHECKS
COMMODITY PRICE
COMMODITY PRICES
COMPENSATION FUND
COMPLIANCE COSTS
CONSTITUTIONAL AMENDMENT
CREDIBILITY
CURRENT EXPENDITURES
DEBT REDUCTION
DEFICITS
DEVELOPING COUNTRIES
DEVELOPMENT ECONOMICS
DISTRICT
DISTRICT-LEVEL
DISTRICTS
ECONOMIC DEVELOPMENT
ECONOMIC EFFICIENCY
ECONOMIC RESEARCH
ECONOMICS RESEARCH
ECONOMIES OF SCALE
EXCESS COST
EXCESSIVE BORROWING
EXCESSIVE DEPENDENCE
EXPENDITURE
EXPENDITURES
EXPORTS
EXPROPRIATION
EXTERNALITIES
FEDERAL COUNTRIES
FEDERAL GOVERNMENTS
FEDERAL INSTITUTIONS
FINANCIAL MARKETS
FISCAL AUTONOMY
FISCAL BALANCE
FISCAL CAPACITY
FISCAL COORDINATION
FISCAL DECENTRALIZATION
FISCAL FEDERALISM
FISCAL MANAGEMENT
FISCAL PERFORMANCE
FISCAL POLICIES
FISCAL POLICY
FISCAL SPACE
FISCAL SUSTAINABILITY
FISCAL TRANSFERS
FOREIGN CURRENCY
GDP
GDP PER CAPITA
GOVERNMENT FINANCE
GOVERNMENT POLICY
GOVERNMENT REVENUES
GROSS DOMESTIC PRODUCT
GROSS DOMESTIC PRODUCT GROWTH
GROSS VALUE
HORIZONTAL EQUITY
HOUSING
INCOME TAX
INSTITUTIONAL DEVELOPMENT
INSTRUMENT
INTERGOVERNMENTAL FISCAL ARRANGEMENTS
INTERGOVERNMENTAL FISCAL RELATIONS
INTERGOVERNMENTAL FISCAL SYSTEMS
INTERGOVERNMENTAL FISCAL TRANSFERS
INTERGOVERNMENTAL RELATIONS
INTERGOVERNMENTAL TRANSFER
INTERGOVERNMENTAL TRANSFERS
INTERNATIONAL DEVELOPMENT
INVESTING
JUDICIAL INSTITUTIONS
LESS DEVELOPED COUNTRIES
LEVEL OF GOVERNMENT
LEVY
LICENSES
LIVING STANDARDS
LOCAL AUTONOMY
LOCAL CAPACITY
LOCAL ECONOMY
LOCAL GOVERNMENT
LOCAL GOVERNMENTS
LOCAL INFRASTRUCTURE
MACROECONOMIC STABILITY
MACROECONOMIC SUSTAINABILITY
MONETARY FUND
MORAL HAZARD
MUNICIPALITIES
NATURAL RESOURCES
NET REVENUES
OIL PRICE
OIL PRICES
OIL RESOURCES
PER CAPITA INCOME
POLICY FORMULATION
POLICY MAKERS
POLICY OBJECTIVES
POLITICAL COMPETITION
POLITICAL ECONOMY
POLITICAL POWER
POLITICAL RISK
POLITICAL STABILITY
POLITICAL VOLATILITY
PRICE CHANGES
PRICE FLUCTUATIONS
PRICE TAKERS
PRICE VOLATILITY
PRODUCTIVE INVESTMENTS
PROPERTY TAXES
PROVINCE
PROVINCES
PROVINCIAL GOVERNMENTS
PUBLIC DEBT
PUBLIC EXPENDITURES
PUBLIC FINANCE
PUBLIC SPENDING
REDISTRIBUTION
REFERENDUM
REGULATORY FRAMEWORKS
RESERVES
RETURN
RETURNS
REVENUE ALLOCATIONS
REVENUE ASSIGNMENTS
REVENUE BASE
REVENUE COLLECTION
REVENUE MANAGEMENT
REVENUE SHARING
REVENUE SOURCES
REVENUE VOLATILITY
STATE GOVERNMENT
SUBNATIONAL
SUBNATIONAL ENTITIES
SUBNATIONAL GOVERNMENTS
SUBNATIONAL REGIONS
SUBNATIONAL UNITS
TAX
TAX ADMINISTRATION
TAX ASSIGNMENT
TAX AUTONOMY
TAX BASE
TAX BASES
TAX COLLECTION
TAX INSTRUMENTS
TAX POLICY
TAX RATES
TAX REVENUE
TAX REVENUE SHARING
TAXABLE INCOME
TAXATION
TAXPAYERS
TOTAL EXPENDITURES
TOTAL GOVERNMENT EXPENDITURES
TOTAL REVENUE
TRANSITION COUNTRIES
TRANSPARENCY
VALUE ADDED
VARIABLE RATES
WAGES
WEALTH
Vinuela, Lorena
Kaiser, Kai
Chowdhurie-Aziz, Monali
Intergovernmental Fiscal Management in Natural Resource-Rich Settings
description In resource-dependent countries, natural resources constitute one of the main assets available for financing local governments because the economy is not greatly diversified. The goal of this note is to highlight different critical dimensions of intergovernmental fiscal relations in these settings, present a survey of the range of arrangements used for managing resource rents across multiple levels of government, and synthesize basic principles or considerations in the implementation of revenue-sharing systems across different contexts. The design and implementation of measures to improve intergovernmental management of the oil, gas, and mining sector must consider the core policy objectives, fiscal context, and overall political structure. Paying attention to the constraints and political economy drivers that shape intergovernmental relations is critical to identify the feasible reforms and alternatives to improve performance that are available in a given country.
format Publications & Research :: Working Paper
author Vinuela, Lorena
Kaiser, Kai
Chowdhurie-Aziz, Monali
author_facet Vinuela, Lorena
Kaiser, Kai
Chowdhurie-Aziz, Monali
author_sort Vinuela, Lorena
title Intergovernmental Fiscal Management in Natural Resource-Rich Settings
title_short Intergovernmental Fiscal Management in Natural Resource-Rich Settings
title_full Intergovernmental Fiscal Management in Natural Resource-Rich Settings
title_fullStr Intergovernmental Fiscal Management in Natural Resource-Rich Settings
title_full_unstemmed Intergovernmental Fiscal Management in Natural Resource-Rich Settings
title_sort intergovernmental fiscal management in natural resource-rich settings
publisher World Bank, Washington, DC
publishDate 2014
url http://documents.worldbank.org/curated/en/2014/01/20302404/intergovernmental-fiscal-management-natural-resource-rich-settings
http://hdl.handle.net/10986/20679
_version_ 1764445861648007168
spelling okr-10986-206792021-04-23T14:03:57Z Intergovernmental Fiscal Management in Natural Resource-Rich Settings Vinuela, Lorena Kaiser, Kai Chowdhurie-Aziz, Monali ADMINISTRATIVE DECENTRALIZATION AGRICULTURE ALLOCATION OF RESOURCES BANK POLICY BOOM-BUST CYCLE BUDGET EXECUTION BUDGETING CAPITAL MOBILITY CASH TRANSFER CENTRAL AUTHORITIES CENTRAL GOVERNMENT CENTRAL GOVERNMENTS CENTRAL TRANSFERS CHECKS COMMODITY PRICE COMMODITY PRICES COMPENSATION FUND COMPLIANCE COSTS CONSTITUTIONAL AMENDMENT CREDIBILITY CURRENT EXPENDITURES DEBT REDUCTION DEFICITS DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DISTRICT DISTRICT-LEVEL DISTRICTS ECONOMIC DEVELOPMENT ECONOMIC EFFICIENCY ECONOMIC RESEARCH ECONOMICS RESEARCH ECONOMIES OF SCALE EXCESS COST EXCESSIVE BORROWING EXCESSIVE DEPENDENCE EXPENDITURE EXPENDITURES EXPORTS EXPROPRIATION EXTERNALITIES FEDERAL COUNTRIES FEDERAL GOVERNMENTS FEDERAL INSTITUTIONS FINANCIAL MARKETS FISCAL AUTONOMY FISCAL BALANCE FISCAL CAPACITY FISCAL COORDINATION FISCAL DECENTRALIZATION FISCAL FEDERALISM FISCAL MANAGEMENT FISCAL PERFORMANCE FISCAL POLICIES FISCAL POLICY FISCAL SPACE FISCAL SUSTAINABILITY FISCAL TRANSFERS FOREIGN CURRENCY GDP GDP PER CAPITA GOVERNMENT FINANCE GOVERNMENT POLICY GOVERNMENT REVENUES GROSS DOMESTIC PRODUCT GROSS DOMESTIC PRODUCT GROWTH GROSS VALUE HORIZONTAL EQUITY HOUSING INCOME TAX INSTITUTIONAL DEVELOPMENT INSTRUMENT INTERGOVERNMENTAL FISCAL ARRANGEMENTS INTERGOVERNMENTAL FISCAL RELATIONS INTERGOVERNMENTAL FISCAL SYSTEMS INTERGOVERNMENTAL FISCAL TRANSFERS INTERGOVERNMENTAL RELATIONS INTERGOVERNMENTAL TRANSFER INTERGOVERNMENTAL TRANSFERS INTERNATIONAL DEVELOPMENT INVESTING JUDICIAL INSTITUTIONS LESS DEVELOPED COUNTRIES LEVEL OF GOVERNMENT LEVY LICENSES LIVING STANDARDS LOCAL AUTONOMY LOCAL CAPACITY LOCAL ECONOMY LOCAL GOVERNMENT LOCAL GOVERNMENTS LOCAL INFRASTRUCTURE MACROECONOMIC STABILITY MACROECONOMIC SUSTAINABILITY MONETARY FUND MORAL HAZARD MUNICIPALITIES NATURAL RESOURCES NET REVENUES OIL PRICE OIL PRICES OIL RESOURCES PER CAPITA INCOME POLICY FORMULATION POLICY MAKERS POLICY OBJECTIVES POLITICAL COMPETITION POLITICAL ECONOMY POLITICAL POWER POLITICAL RISK POLITICAL STABILITY POLITICAL VOLATILITY PRICE CHANGES PRICE FLUCTUATIONS PRICE TAKERS PRICE VOLATILITY PRODUCTIVE INVESTMENTS PROPERTY TAXES PROVINCE PROVINCES PROVINCIAL GOVERNMENTS PUBLIC DEBT PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC SPENDING REDISTRIBUTION REFERENDUM REGULATORY FRAMEWORKS RESERVES RETURN RETURNS REVENUE ALLOCATIONS REVENUE ASSIGNMENTS REVENUE BASE REVENUE COLLECTION REVENUE MANAGEMENT REVENUE SHARING REVENUE SOURCES REVENUE VOLATILITY STATE GOVERNMENT SUBNATIONAL SUBNATIONAL ENTITIES SUBNATIONAL GOVERNMENTS SUBNATIONAL REGIONS SUBNATIONAL UNITS TAX TAX ADMINISTRATION TAX ASSIGNMENT TAX AUTONOMY TAX BASE TAX BASES TAX COLLECTION TAX INSTRUMENTS TAX POLICY TAX RATES TAX REVENUE TAX REVENUE SHARING TAXABLE INCOME TAXATION TAXPAYERS TOTAL EXPENDITURES TOTAL GOVERNMENT EXPENDITURES TOTAL REVENUE TRANSITION COUNTRIES TRANSPARENCY VALUE ADDED VARIABLE RATES WAGES WEALTH In resource-dependent countries, natural resources constitute one of the main assets available for financing local governments because the economy is not greatly diversified. The goal of this note is to highlight different critical dimensions of intergovernmental fiscal relations in these settings, present a survey of the range of arrangements used for managing resource rents across multiple levels of government, and synthesize basic principles or considerations in the implementation of revenue-sharing systems across different contexts. The design and implementation of measures to improve intergovernmental management of the oil, gas, and mining sector must consider the core policy objectives, fiscal context, and overall political structure. Paying attention to the constraints and political economy drivers that shape intergovernmental relations is critical to identify the feasible reforms and alternatives to improve performance that are available in a given country. 2014-12-08T19:31:40Z 2014-12-08T19:31:40Z 2014 http://documents.worldbank.org/curated/en/2014/01/20302404/intergovernmental-fiscal-management-natural-resource-rich-settings http://hdl.handle.net/10986/20679 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Working Paper Publications & Research