Overview
Fiscal decentralization is a crucial aspect of modern governance that allows local governments to take charge of their financial responsibilities. By managing their own revenues and expenditures, local authorities can tailor services to meet the specific needs of their communities. This process not ...
Key Terms
Example: A city council managing its own budget.
Example: Property taxes collected by a municipality.
Example: Grants provided for local education.
Example: Funding for local road maintenance.
Example: Public hearings on budget allocations.
Example: Redistribution of funds to poorer areas.