NDLI: Municipal bailouts in Denmark – and how to avoid them

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Institutions of Intergovernmental Fiscal Relations. Challenges Ahead.

Chapters

Foreword

Executive summary

The role of intergovernmental fiscal institutions: The case of tax sharing

Intergovernmental fiscal relations and fiscal coordination during the crisis

Fiscal constitutions: The fundamental drivers of intergovernmental fiscal policy

Fiscal adjustment, decentralisation and sub-national autonomy

Soft budget constraints: The case of municipal bonds in Italy

Fiscal relations across levels of government and sub-national fiscal rules in Japan

Intergovernmental budget frameworks in Austria

Autonomy and interdependence: The scope and limits of "fend for yourself federalism" in the United States

What makes a local government reform successful? The Finnish experience

Intergovernmental co-ordination of fiscal policy in Switzerland

The budgetary policy framework in Sweden and its implication for intergovernmental fiscal relations

Municipal bailouts in Denmark – and how to avoid them

Multilevel fiscal institutions and mechanisms for reducing tax cheating: The case of Mexico

Contributors

Measuring Fiscal Decentralisation. Concepts and Policies.

Institutional and Financial Relations across Levels of Government

Reforming Fiscal Federalism and Local Government. Beyond the Zero-Sum Game.

Municipal bailouts in Denmark – and how to avoid them

Content Provider	OECD iLibrary
Author	Mau, Niels Jorgen
Abstract	Economically robust municipalities are of great importance to the decentralised Danish public sector. The size of municipalities and the extensive equalisation system contribute to this objective, but moreover a mechanism to avoid local bail-outs and bailout-like situations has been developed since the 1980s. This institutional mechanism consists of formula-based elements with a minimum of administrative discretion. The mechanism has worked well since the late 1980s involving a number of cases, and the success originally explained by at least three factors: the thorough application of the mechanism, the local distaste for legal conflict with the central government, and the local stigma of being "under administration" by the upper level of the public sector. In recent years, the need for the mechanism seems to have diminished, because fewer and economically more sustainable municipalities accompanied by structural reforms of local governments from 2007 and the Danish budget law. The budget law has established a top-down economic control of local governments’ finances, where non-compliance with expenditure ceilings implies possible use of economic sanctions to both the municipalities in general and to specific municipalities.
Page Count	11
Starting Page	227
Ending Page	237
Language	English
Publisher	OECD Publishing
Publisher Date	2015-11-18
Access Restriction	Open
Subject Keyword	Governance Economics
Content Type	Text
Resource Type	Chapter

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4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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