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The sustainability of local government finances in England, Germany and the Netherlands: the impact of intergovernmental regulatory regimes

De Widt, Dennis 2017. The sustainability of local government finances in England, Germany and the Netherlands: the impact of intergovernmental regulatory regimes. In: Bolivar, M.P.R. ed. Financial Sustainability in Public Administrations, Palgrave Macmillan, pp. 193-225. (10.1007/978-3-319-57962-7_8)

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Abstract

De Widt investigates how local government financial sustainability is influenced by the regulatory framework in which local governments operate. Applying a comparative constitutional approach, the chapter analyzes the regulatory regimes on local finances in England, Germany, and the Netherlands. The regimes are investigated by concentrating on the impact of fiscal rules, and the monitoring structures in place to impose their implementation. Special attention is paid to the institutional arrangements that apply to non-compliant local authorities. The author demonstrates that growing local financial stress is partly met by regulators with a relaxation of fiscal rules, carrying considerable risks for the sustainability of local and intergovernmental finances. The chapter concludes with policy recommendations on how to improve the robustness of the regulatory regimes that govern local finances.

Item Type: Book Section
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
Publisher: Palgrave Macmillan
ISBN: 9783319579627
Last Modified: 16 Apr 2020 13:19
URI: http://orca.cf.ac.uk/id/eprint/107712

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