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7 Control of Subnational Government Borrowing »
Chapter
Source: Fiscal Federalism in Theory and Practice
Series: Books
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 10 September 1997
ISBN: 9781557756633
Keywords: tax administration, taxation, intergovernmental fiscal relations, tax revenue, local governments
In the last two decades, public sector debt has shown a rising trend in relation to GDP in a wide range of countries, both federal and unitary. These increases have reflected high levels of real interest rat...