ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Expenditure Assignment and Equalisation Transfers-An Approach

An Approach S Gurumurthi This paper examines various theories of expenditure assignment and its crucial role in macro-economic management, analyses the experience of certain selected countries with regard to the assignment of expenditure among subnational governments and highlights its close link with the system of federal transfers which aims at equal isation.

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