20.500.12556/DKUM-97239 Overview on fiscal federalism Overview on fiscal federalism This article provides an overview of fiscal federalism, exploring its theoretical underpinnings, practical implementations, and contemporary challenges. Fiscal federalism is defined as the financial and administrative relationships within a federal system of government, addressing the distribution of fiscal responsibilities and resources across central, regional, and local levels. The article examines key principles such as decentralization, subsidiarity, and fiscal equivalence, alongside the evolution of fiscal federalism theory through first and second-generation models. Practical implementations are analyzed using indicators like revenue assignment, expenditure responsibilities, intergovernmental transfers, and fiscal autonomy, culminating in the Fiscal Decentralization Index (FDI). The study highlights how these indicators facilitate cross-country comparisons and inform policy development. Contemporary issues such as globalization, economic disparities, asymmetric federalism, and the flypaper effect are discussed, alongside case studies from the United States, Germany, India, Brazil, and Canada, illustrating the diverse approaches to fiscal decentralization. It concludes that while fiscal federalism holds great promise for enhancing government efficiency and responsiveness, its success depends on careful implementation, continuous assessment, and adaptation to local contexts. public finance fiscal federalism fiscal decentralization local government true false true Angleški jezik Portugalski jezik Znanstveno delo 2026-02-24 15:47:20 2026-02-24 15:47:21 2026-02-25 03:28:02 0000-00-00 00:00:00 2026 0 0 str. 1-22 no. 4, [article no.] e234780 Vol. 23 2026 0000-00-00 Zaloznikova Objavljeno NiDoloceno 2025-10-17 2026-01-09 2026-02-18 336.22 269515779 10.18623/rvd.v23.n4.4780 2179-8699 https://revista.domhelder.edu.br/index.php/veredas/article/view/4780 1 b9c48da4-118f-11f1-a1a6-00155d580e1a https://dk.um.si/Dokument.php?lang=slv&id=203786 RAZ_Bessa_Vilela_Noemia_2026.pdf RAZ_Bessa_Vilela_Noemia_2026.pdf 1 7FC45BADD638A4E2A83DDBD22A6C2057 fa4b3d2109d5fd4c0b1ca640b4df83d821a7885af18b130b5f488ec1afa5c670 f4b3ad20-118f-11f1-a1a6-00155d580e1a https://dk.um.si/Dokument.php?lang=slv&id=203787 Ekonomsko-poslovna fakulteta 0 0 0