Read the passage provided below carefully:
The discourse surrounding fiscal decentralization in developing democracies often treats the devolution of expenditure responsibilities as a universal panacea for local governance deficits and public service inefficiencies. However, transferring spending authority to subnational governments without corresponding revenue-raising autonomy or institutional capacity frequently exacerbates existing regional disparities. When municipal bodies remain perpetually reliant on discretionary transfers from the central government, their developmental priorities become subjugated to political cycles rather than genuine localized infrastructural demands. Furthermore, administrative structures in secondary and tertiary cities rarely possess the specialized technical expertise required to formulate, evaluate, and execute complex long-term capital projects, leading to systemic capital misallocation and chronic under-utilization of allocated developmental funds. True fiscal autonomy necessitates strengthening local self-revenue generation mechanisms, such as modernizing municipal tax administration and creating municipal bond markets, coupled with transparent accountability frameworks. Without these structural prerequisites, decentralization merely constitutes administrative delegation, masking persistent centralization behind a facade of local self-governance. Consequently, effective policy interventions must prioritize building indigenous financial and administrative capacity prior to expanding devolved expenditure mandates, ensuring that administrative responsibilities are matched by genuine economic agency.
Which of the following statements jointly summarize the author's central thesis regarding fiscal decentralization? Select all that apply.
- Devolving expenditure responsibilities without strengthening local revenue-generation capacity fails to establish genuine subnational autonomy.Cevap
- Building administrative expertise and financial capacity at the local level must precede the expansion of devolved expenditure mandates.Cevap
- CCentral government transfers to municipal bodies must be completely abolished to eliminate political interference in local development.
- DMunicipal bond markets cannot function effectively in developing democracies due to inherently volatile national financial markets.