Sub-national Revenue Mobilization in Latin America and Caribbean Countries: The Case of Venezuela

Arbeitspapier

This paper analyzes the high fiscal dependence of Venezuelan states and municipalities on the central government and the political economy process embedded in the interaction between the central government and sub-national entities. Also explored is whether there is scope to increase sub-national governments’ revenues, improve the current intergovernmental transfer system, and reduce horizontal imbalances; of particular importance is analyzing the impact of current transfer mechanisms on sub-national governments’ revenues volatility. Following a presentation of Venezuela’s economic background, public sector and fiscal variables, the paper describes the process of decentralization, inter-governmental transfer mechanisms and revenue volatility, and local governments’ own revenues. Subsequently presented are sub-national governments’ fiscal dependence and its determinants, followed by options for revenue mobilization and improving the transfer mechanism. The paper concludes with a summary and policy recommendations.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IDB Working Paper Series ; No. IDB-WP-300

Klassifikation und Themen

• Klassifikation: Wirtschaft ; State and Local Government; Intergovernmental Relations: General ; State and Local Budget and Expenditures ; Intergovernmental Relations; Federalism; Secession

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Rios, German ; Ortega, Federico ; Scrofina, J. Sebastian
• Ereignis: Veröffentlichung
• (wer): Inter-American Development Bank (IDB)
• (wo): Washington, DC
• (wann): 2012

Weitere Informationen

• Handle: http://hdl.handle.net/10419/89021
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ