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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Format: | Working Paper |
Language: | English en_US |
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World Bank, Washington, DC
2014
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Online Access: | http://documents.worldbank.org/curated/en/2014/01/20302404/intergovernmental-fiscal-management-natural-resource-rich-settings http://hdl.handle.net/10986/20679 |
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okr-10986-20679 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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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 |