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Multilevel Fiscal Governance in a Balanced Policy Environment

Sharma, Chanchal Kumar (2011): Multilevel Fiscal Governance in a Balanced Policy Environment. Published in: The India Economy Review , Vol. 8, No. 1 (12 April 2011): pp. 90-97.

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Abstract

The most desirable system of allocations should avoid effi ciency losses, resulting from either fi nancial dependency, or subnational fi scal operations by striking a balance between fi scal autonomy and reliance on federal transfers of SNGs.

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