Federal Fiscal management involves the sharing and distribution of financial and economic powers among different layers of government, and Restructuring of public finances, among others.
Countries vary in their c.
Even with all such institutional arrangements, the Federal Fiscal management is not without snags and hitches.
Countries such as India, that adopted the Federal form of government, have guidelines in their Constitutions for such division of economic and financial powers.
Federal Fiscal management involves the sharing and distribution of financial and economic powers among different layers of government, and Restructuring of public finances, among others