Resumen

PINILLA, Diego E; JIMENEZ, Juan de Dios  y  MONTERO, Roberto. Fiscal decentralization in Latin America. Results of a process. Rev.econ.inst. [online]. 2015, vol.17, n.33, pp.133-160. ISSN 0124-5996.  https://doi.org/10.18601/01245996.v17n33.06.

There are common factors that explain the origin and depth of Latin American decentralization: increased urban population, political and economic opening as well as the territorial dimension. Decentralization as a goal imposed major transfer of resources to the subnational level, resulting in significant fiscal deterioration. A second generation of reforms aims to establish new priorities such as healthy local finances, moderate leverage and a greater local tax effort. The conclusion is that decentralization is a process that requires an adequate institutional framework and will need to continue on the path of fostering true local financial autonomy.

Palabras clave : Decentralization; fiscal federalism; Latin America.

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