Question

What are the major reasons for fiscal decentralization?

Answer 1

Financial decentralization includes moving a few responsibilities regarding consumptions or potentially incomes to lower management of the government. One important factor in deciding which type of fiscal decentralization is the degree to which subnational entities are offered independence to decide the allotment of their uses.

Also see:

• Difference Between Centralization and Decentralization
• What Is Decentralisation?

Stay tuned to BYJU’S to learn similar Commerce Questions.