MARC Record from Library of Congress

LEADER: 02284cam a22003257a 4500
001 2005705506
003 DLC
005 20060615142826.0
007 cr |||||||||||
008 060112s2006 dcu sb i000 0 eng
010 $a 2005705506
040 $aDLC$cDLC
043 $as-bl---
050 00 $aHG3881.5.W57
100 1 $aMello, Luiz de.
245 10 $aFiscal responsibility legislation and fiscal adjustment$h[electronic resource] :$bthe case of Brazilian local governments /$cLuiz de Mello.
260 $a[Washington, D.C. :$bWorld Bank,$c2006]
490 1 $aPolicy research working paper ;$v3812
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 1/12/2006.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"This paper discusses trends in fiscal adjustment in Brazil since the 1990s, with particular emphasis on the strengthening of institutions for fiscal policymaking, and its effect on local government finances and their ability to invest in infrastructure building and upgrading. Although fiscal adjustment, which is ongoing, has taken a toll on the government's ability to finance much-needed infrastructure investment, it is not the only culprit. A lack of budget flexibility, against a backdrop of increasing downward rigidities in current spending, also constrains the government's ability to invest. The paper argues that regulatory uncertainty in many sectors, particularly water and sanitation, in which the municipalities play a leading role, has discouraged private sector investment and that the financing of infrastructure building and upgrading goes beyond the municipal level of government. Higher-level jurisdictions are responsible for financing investment in energy and transport infrastructure, for example. "--World Bank web site.
650 0 $aMunicipal finance$zBrazil.
650 0 $aLocal finance$zBrazil.
650 0 $aFiscal policy$zBrazil.
710 2 $aWorld Bank.
830 0 $aPolicy research working papers (Online) ;$v3812.
856 40 $uhttp://econ.worldbank.org/external/default/main?pagePK=64165259&theSitePK=469372&piPK=64165421&menuPK=64166093&entityID=000016406_20060110164029