Fiscal autonomy of Korean local governments and intergovernmental relations in the 1990s

Fiscal autonomy of Korean local governments and intergovernmental relations in the 1990s

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Article ID: iaor20041934
Country: United States
Volume: 15
Issue: 3
Start Page Number: 414
End Page Number: 437
Publication Date: Jan 2003
Journal: Journal of Public Budgeting, Accounting and Financial Management
Authors: ,
Keywords: management, government, economics
Abstract:

This paper reviews Korean intergovernmental relations in the 1990s with an emphasis on fiscal relations among the different levels of the government. In the 1990s, Korea reinvigorated its system of local autonomy first established in the sixties. A major issue in the implementation of this system is the presence of vertical and horizontal disparities in local fiscal capacity. Although some efforts have been made to transfer tax sources from central government to local governments or establish local transfer (block grants), fiscal autonomy still remains below expectation, jeopardizing the realization of full local autonomy. This paper is an effort to look into this issues and search for solutions.

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