Constraining the spending behavior of subnational governments through borrowing limitation: The case of Malaysia

In literature, subnational governments have been identified as being prone to fiscal profligacy.In response to this problem, some countries choose to put a limit on the borrowing capacity of the state and local governments.This is notably the case for Malaysia with the enactment of Article 111 (12)...

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Bibliographic Details
Main Authors: Abdul Jalil, Ahmad Zafarullah, Abdul Karim, Noor Al-Huda
Format: Article
Published: RePEc (Research Papers in Economics) 2008
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