Constraining the spending behavior of subnational governments through borrowing limitation: The case of Malaysia
In literature, subnational governments have been identified as being prone to fiscal profligacy.In response to this problem, some countries choose to put a limit on the borrowing capacity of the state and local governments.This is notably the case for Malaysia with the enactment of Article 111 (12)...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
RePEc (Research Papers in Economics)
2008
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/7411/1/MP.pdf |