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Public Investment Management & Revenue Mobilization Critical for Fiscal Decentralization

 

September 5, 2017

We attended the Inter-American Bank Fiscal Autonomy and Coordination for Effective Decentralization conference last week in Washington DC.  Improved sub-national revenue collection and public investment management were dominant themes for fiscal decentralization success. Fiscal decentralization has been an important Public Financial Management (PFM) topic for a number of years. Fiscal decisions made closer to citizens ought to be more effective. However, lack of capacity and systems mean less effective service delivery. Our main takeaways from the conference were:

  1. There is a significant opportunity to improve development results through fiscal decentralization, and patterns are emerging on who to accomplish this in an effective manner
  2. The key objective of fiscal decentralization is to improve citizen services and improve service equity, particularly through improved public investment management
  3. The effectiveness of fiscal decentralization linked to revenue mobility and taxation, tied to improved debt management
  4. It is possible to improve governance even in the wake of authoritarianism through transparency, market factors, NGO engagement, and public finance controls & integration

 

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Doug Hadden

Doug Hadden

Executive Vice President, Innovation at FreeBalance
Doug is responsible for identifying new global markets, new technologies and trends, and new and enhanced internal processes. Doug leads a cross-functional international team that is responsible for developing product prototypes and innovative go-to-market strategies.
Doug Hadden

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