La descentralización fiscal en América Latina. Balance de un proceso

Abstract

There are common factors that explain the origin and depth of Latin American decentralization: increased urban population, political and economic opening as well as the territorial dimension. Decentralization as a goal imposed major transfer of resources to the subnational level, resulting in significant fiscal deterioration. A second generation of reforms aims to establish new priorities such as healthy local finances, moderate leverage and a greater local tax effort. The conclusion is that decentralization is a process that requires an adequate institutional framework and will need to continue on the path of fostering true local financial autonomy.