Template-type: ReDIF-Paper 1.0
Author-Name: Bob Searle
Author-Email:bob.searle@bigpond.com
Title: Revenue Sharing, Natural Resources and Fiscal Equalization 
Abstract: A nation’s fiscal transfer system has many facets.  Usually, the central government has several objectives in
 transferring funds to local government .  Individual local governments often have objectives that conflict with the central
 government and with other one another. This paper looks at the relationships between policies associated with reducing
 vertical fiscal imbalance and the achievement of horizontal fiscal equalization, often a major national
 (as opposed to a central government) objective.  In considering possible ways of reducing VFI, the paper discusses
 public sector revenue sharing and, in particular, the revenues raised from natural resources, looking at the policy
 issues that arise and what the considerations are when deciding how these elements of a fiscal transfer system can be
 combined to meet governments’ overall objectives.  
Keywords: Revenue Sharing, Natural Resources and Fiscal Equalization 
Length: 26 pages
Creation-Date: 2004-11-01
File-URL:http://icepp.gsu.edu/files/2015/03/ispwp0416.pdf
File-Format:Application/PDF
Handle: RePEc:ays:ispwps:paper0416