eBook

Czech Republic : intergovernmental fiscal relations in the transition

Oliveira, João do Carmo, Martinez-Vazquez, Jorge

2001

Overview

The study overviews the most relevant, current intergovernmental fiscal issues in the Czech Republic, centered on the options available to prod policy planning. Fragmentation at the lowest tier of government is the most striking feature of the administrative structure. This suggests a strategic direction for further administrative reforms to sustain fiscal decentralization, which includes empowering territorial self-governing units; establishing a multilevel government coordinating body to define autonomous functions on expenditures, and revenues; and by creating financial and legal incentives to facilitate an asymmetric assignment of revenue and expenditure. Specific policy actions should include institutional inter-governmental cooperation and dialogue through a broad based commission to recommend regional expenditures, and the Budget Rules Law should be amended to preempt unfounded mandates to local governments. Revenue autonomy should be boosted by increasing predictability of local budgets, restoring tax-effort incentives, and reviewing the adopted adjustment coefficient for tax-sharing distribution; while a rationalized transfer system should focus on decreasing the number of specific subsidies, and prioritizing programs to stabilize transfers within a medium-term expenditure framework. Institutional framework and prudential rules would ensure fiscally responsible borrowing, and encourage a competitive financial market.

• Publisher: World bank,World Bank Publications,The World Bank,Washington, DC: World Bank,World Bank
• Subject: ACCOUNTABILITY / ADMINISTRATION REFORM / ADMINISTRATIVE CAPABILITY / ADMINISTRATIVE CAPACITY / ADMINISTRATIVE REFORM / ADMINISTRATIVE REFORMS / ALLOCATION OF RESOURCES / AUTHORITY / BANK / BORROWING / BUDGET EXECUTION / CAPITAL EXPENDITURES / CENTRAL GOVERNMENT / COMPETITIVENESS / CONSTITUENCIES / CONSTITUTION / CORPORATE INCOME TAX / COUNTRY'S AUTHORITIES / Czech Republic / DEBT / DECENTRALIZATION / DECENTRALIZATION PROCESS / DECREE / DEGREE OF AUTONOMY / DISTRICTS / ECONOMIC REFORM / ELECTED REPRESENTATIVES / ENTERPRISE RESTRUCTURING / EXECUTION / EXPENDITURE / EXPENDITURE ASSIGNMENT / EXPENDITURE ASSIGNMENTS / EXPENDITURE RESPONSIBILITIES / Finance, Public / FINANCIAL CAPACITIES / FINANCIAL MECHANISMS / Finanzbeziehungen / FISCAL / FISCAL ADJUSTMENTS / FISCAL BALANCE / FISCAL CONSTRAINTS / FISCAL DECENTRALIZATION / FISCAL DEFICITS / FISCAL DISCIPLINE / FISCAL EQUALIZATION / FOREIGN INVESTMENT / FOREIGN TRADE / GOVERNMENT CONTROLS / GOVERNMENT DEBT / GOVERNMENT ENTITIES / GOVERNMENT EXPENDITURES / GOVERNMENT LEVELS / GOVERNMENT REVENUES / GOVERNMENT SPENDING / GROSS DOMESTIC PRODUCT / HEALTH SERVICES / HOUSING / INSOLVENCY / INSOLVENCY SYSTEMS / INTERGOVERNMENTAL FISCAL REFORM / INTERGOVERNMENTAL FISCAL RELATIONS / INVESTMENT GRANTS / LABOR MOBILITY / LAWS / LEGISLATURE / LEVELS OF GOVERNMENT / LICENSES / LOCAL AUTHORITIES / LOCAL AUTONOMY / LOCAL GOVERNMENT / LOCAL GOVERNMENT BUDGETS / LOCAL GOVERNMENT EXPENDITURES / LOCAL GOVERNMENT REVENUES / LOCAL GOVERNMENT SPENDING / LOCAL GOVERNMENTS / LOCAL REVENUE / LOCAL REVENUE SOURCES / LOCAL TAX / LOCAL TAXES / MARKET VALUE / MINISTRY OF FINANCE / MUNICIPAL BONDS / MUNICIPAL DEBT / MUNICIPAL GOVERNMENTS / MUNICIPALITIES / MUNICIPALITY / NATIONAL TAXES / POLICY PLANNING / PRIVATE SECTOR / PRIVATIZATION / PRIVATIZATION PROCEEDS / PROPERTY TAXES / PROVISIONS / PUBLIC DEBT / PUBLIC EXPENDITURE / PUBLIC EXPENDITURE REVIEW / PUBLIC EXPENDITURES / PUBLIC FINANCE / PUBLIC FINANCE SYSTEM / PUBLIC FINANCES / PUBLIC OFFICIALS / PUBLIC POLICY / PUBLIC SECTOR / PUBLIC SECTOR EFFICIENCY / PUBLIC SERVICE / PUBLIC SERVICE DELIVERY / PUBLIC SERVICES / PUBLIC SPENDING / PUBLIC UTILITIES / REFORM POLICY / REGIONAL DISPARITY / REHABILITATION / RESOURCE ALLOCATION / REVENUE ASSIGNMENT / REVENUE SHARING / REVENUE SOURCES / SOCIAL ASSESSMENT / STATE ADMINISTRATION / STATE BUDGET / STATE FUNDS / STATE SUBSIDIES / STRUCTURE OF GOVERNMENT / SUBNATIONAL BUDGETING / SUBNATIONAL GOVERNMENT / SUBNATIONAL GOVERNMENTS / SURCHARGES / Systemtransformation / TAX BURDEN / TAX CAPACITY / TAX EFFORTS / TAX RATES / TAX REFORM / TAX REVENUE / TAX REVENUES / TAX SHARING / TAXATION / TRANSITION ECONOMIES / TRANSPARENCY / Tschechien / UNFUNDED MANDATES TRANSITION ECONOMIES
• ISBN: 9780821350430, 0821350439