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Subnational Public Financial Management

Authors : Ms. Maria A Albino-War, Mr. Raju Jan Singh, Mr. Ehtisham Ahmad
Publisher : International Monetary Fund
Published Date : 2005-06-01
ISBN-13 : 9781451906639
Page : 26 Pages
Language : en


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Transparent public financial management at the subnational level requires institutions and processes that mirror those needed at the central government level, in order to generate better accountability and competition among different subnational governments, critical elements in ensuring good governance and efficiency of decentralized administrations. Further subnational debt also has implications for overall macroeconomic stability that concerns the central government. The key components are identified, with a particular focus on subnational debt monitoring and management.

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