fiscal rules for subnational governments
Fiscal rules for subnational governments refer to specific regulations or guidelines imposed by higher levels of government on regional or local governments in order to control and manage their financial activities. These rules aim to promote fiscal discipline, ensure responsible budgeting, and prevent excessive debt accumulation at the subnational level.
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Related Concepts (1)
Similar Concepts
- fiscal consolidation measures
- fiscal discipline
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- intergovernmental fiscal relations
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