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Author:Bach, S.
Vesper, D.
Title:A crisis in finance and investment – Local government finance needs fundamental reform
Journal:Economic Bulletin
2002 : SEP, VOL. 39:9, p. 309-316
Index terms:Finance
Investment
Crises
Economic indicators
Taxation
Germany
Language:eng
Abstract:One could argue that the financial situation of the local authorities is only a partial cause for concern. In the early 1990s their deficits shot up, but by the end of the decade they were showing surpluses. That was even the case in East Germany.
SCIMA record nr: 236021
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