This document is prepared semi-annually to set the stage for discussions at the OECD Network on Fiscal Relations across Levels of Government annual and interim meetings. It presents an overview of the economic outlook and how it translates into the prospective fiscal scenario across levels of government. It also includes a discussion on relevant themes that impact subnational governments’ (SNGs) fiscal sustainability and their impacts on central and general government. In this version, the analysis focuses on SNGs’ public debt, specifically on subnational bond risks across OECD and other major countries.

Read the full publication here.

📢🌍 Exciting news from the OECD Network on Fiscal Relations! ⚖️#FiscalFederalism
🚀 The latest Intergovernmental Fiscal Outlook is here, offering valuable insights on how governments at all levels are doing. 📊📈
👉🏼 Check it out: https://t.co/EhnSY7dyjq pic.twitter.com/zHssYcz1BH

— Sean Dougherty 🌍 (@econecho) December 8, 2023