TITLE

Central government control and fiscal adjustment: Norwegian evidence

AUTHOR(S)
Hopland, Arnt
PUB. DATE
May 2013
SOURCE
Economics of Governance;May2013, Vol. 14 Issue 2, p185
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Norwegian local governments that violate the balanced budget rule are placed in a register. The consequence of being in the register is that the budget and resolutions to raise new loans must be approved by the county governor, the central government's representative in the county. Local governments in the register are subject to stronger central government control and must tighten their budgetary policy in order to be removed from the register. The findings suggest that local governments in the register improve their operating surplus, mainly due to cost reductions.
ACCESSION #
87661691

 

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