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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Bibliographic Details
Main Authors:	Vinuela, Lorena, Kaiser, Kai, Chowdhurie-Aziz, Monali
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	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
Online Access:	http://documents.worldbank.org/curated/en/2014/01/20302404/intergovernmental-fiscal-management-natural-resource-rich-settings http://hdl.handle.net/10986/20679