Land assets have become an important source of financing capital investments by subnational governments in developing countries. Land assets, often with billions of dollars per transaction, rival and sometimes surpass subnational borrowing or fiscal transfers for capital spending. While reducing the uncertainty surrounding future debt repayment capacity, the use of land-based revenues for financing infrastructure can entail substantial fiscal risks...
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详细
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2010/08/01
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政策研究报告
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WPS5409
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1
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1
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2010/07/01
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Disclosed
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Integrating land financing into subnational fiscal management
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public land ownership