Importance of fiscal federalism

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Reference no: EM13137158

According to Musgrave and Oats, fiscal federalism is the division of public sector functions and finances among different tiers of government. It is a system of transfer payments or grants by which a federal government shares its revenues with lower levels of government

Reference no: EM13137158

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Importance of fiscal federalism : According to Musgrave and Oats, fiscal federalism is the division of public sector functions and finances among different tiers of government.

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