commission on fiscal imbalance 合集

Commission on fiscal imbalance合集

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Unformatted text preview: ns 34200 1800 Notes: 1 The degree of financial autonomy is ascertained by means of the taxation/total revenues excluding borrowing ratio. 2 The first figure refers to the autonomous communities and the second, to the communes and provinces. 3 Not significant: the occasional recoveries of structures do not make it possible to calculate an average size in respect of the basic units. Sources: Dexia (1997), Gilbert and Guengant (1998a), based on the national accounts. CHART 1 FINANCIAL AUTONOMY OF LOCAL AUTHORITIES AND SIZE OF THE LOCAL PUBLIC SECTOR (EU member countries, around 1995) degree of local fiscal 70 autonomy (%) SWE 60 FRA 50 DK FIN 40 BEL LUX 30 SPA ITA ITA GER 20 IRE RU 10 POR AUT local expend. / GDP (%) NETH 0 0 5 10 15 20 25 30 35 241 Commission on Fiscal Imbalance CHART 2 LOCAL FINANCIAL AUTONOMY AND TERRITORIAL FRAGMENTATION (EU member countries, around 1995) 40000 POR 35000 SWE Average population of local authorities 30000 NETH 25000 20000 DK BEL 15000 FI N 10000 ITA GER 5000 SPA LUX AUS FRA 0 0 10 20 30 40 Degree of local fiscal autonomy (%) 242 50 60 70 Commission on Fiscal Imbalance TABLE 2 WEIGHT OF THE STATE AND LOCAL AUTHORITIES (REGIONS, DEPARTMENTS, COMMUNES AND INTERCOMMUNAL GROUPS), FRANCE, 1998 (AS A % OF GDP), SEC DATA Central public administrations Total expenditures 23.7 Local public administrations 9.8 Intermediate consumption 1.6 2.2 Compensation of employees 7.3 2.7 Interest on the debt 2.6 .5 3 .8 8.5 1.3 1 .3 subsidies paid .8 .4 current transfers between administrations 5.5 - .5 2. Total resources 20.6 10.2 Taxes: 18.2 4.8 goods + imports 11.4 3.8 income and property 6.3 .9 capital .5 - Other resources 2.4 5.3 Benefits and social transfers Other transfers: Incl.: investment assistance GFCF Proceeds of operating subsidies .8 1.6 -1.1 2.8 -3 Current transfers between administr. +0.3 n.a. 10.8% of GFCF, all of France, and 66% of GFCF of the APUs. 4.3 Financing need (-) or capacity (+) Added value Market output (water, purification, transportation, and so on) Total employment 0.7 n.a. 2.2 million 1.6 million 243 Commission on Fiscal Imbalance CHART 3 LOCAL PUBLICININVESTMENT OF PUBLIC ADMINISTRATIONS, VOLUME, AT GFCF PRICES OC IN BILLIONS OF FRANCS 200 160 120 80 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 CHART 4 FINANCING OF INVESTMENT EXCLUDING DEBT REPAYMENT 80 iN % 60 40 20 0 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 Borrowings 244 Net savings State subsidies Commission on Fiscal Imbalance CHART 5 LEVERAGE EFFECT OF DEBT 10 RATE IN POURCENTAGES 5 0 -5 -10 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 RATE OF ECONOMIC RETURN REAL INTEREST RATE CHART 6 INDEBTEDNESS RATIO 12 10 IN % 8 6 4 2 0 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 DEBT / GDP 245 Commission on Fiscal Imbalance CHART 7 FINANCIAL REQUIREMENTS AS A PROPORTION OF GDP 0,5 IN % OF GDP 0 -0,5 -1 -1,5 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 Financial requirements / GDP Borrowings net of repayment / GDP 246 Commission on Fiscal Imbalance DIAGRAM 1 SCENARIO CALLING FOR THE “PURSUIT OF FINANCIAL RECENTRALIZATION...
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This note was uploaded on 03/06/2013 for the course ECON 220 taught by Professor Paulo during the Spring '13 term at University of Liverpool.

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