Chapter 10 : Creating Incentives for Fiscal Discipline in the New South Africa

@inproceedings{Ahmad2002Chapter1,
  title={Chapter 10 : Creating Incentives for Fiscal Discipline in the New South Africa},
  author={Junaid Ahmad},
  year={2002}
}
In a recent compilation of lessons learned about decentralization, Roy Bahl (1999) highlighted three channels through which central interventions often undermine the discipline of a hard budget constraint for local governments. These are “deficit grants” to cover year-end deficits on local government budgets, direct central government coverage of shortfalls… CONTINUE READING