What do you understand by fiscal decentralization? Discuss the exigencies and dimensions of fiscal decentralization.
Introduction Fiscal decentralization is a key aspect of democratic governance and development. It refers to the process of transferring financial powers and responsibilities from central to local governments. This enables local authorities such as municipalities, Panchayati Raj Institutions (PRIs), and district administrations to generate revenue, make spending decisions, and deliver services based on local needs. […]