LOCAL GOVERNMENT BORROWING - ppiaf

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Borrowing & Revenue Growth 350 300 250 200 150 100 Borrowing Property Tax Growth Rs. Crore 50 0 Hyderabad Bangalore
Why Establish Private Credit Markets? • Need to access private savings to have sustainable system of borrowing on scale required to meet investment requirements. • Supports fiscal discipline: (i) helps ensure that municipalities s can and will meet debt service obligations, (ii) involves external assessment of feasibility of projects and investment plans • Local borrowing options: • Borrow from higher-level governments (fiscal and political problems) • Commercial Banks • Specialized Finance Institutions (Municipal Development Funds)—can be public, private or mixed • Capital Market (municipal bonds)
Page 1 and 2: LOCAL GOVERNMENT BORROWING George E
Page 3: Local Capital Budget • Sources of
Page 7 and 8: Market Credit: Successes But Not on
Page 9 and 10: • Mexico’s System Reform: Mexic
Page 11 and 12: US Financial Crisis • Mexico in R
Page 13 and 14: Specialized Finance Institutions
Page 15: Final Messages • Private sector p

LOCAL GOVERNMENT BORROWING - ppiaf

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