Un nou studiu SAR: Financial transfers for Investments to Local Governments [PDF].
These are the least transparent elements of the revenue allocation process, and as a result likely to encourage political clientelism and rent seeking.[...]
Since the distribution tends to be discretionary, the process may create informal hierarchical relations between the tiers of state administration, even when the law says that there should be no such thing. [...]
The logic of regional development often clashes with the practice of sectoral allocation, in an environment where cross-departmental communication is very difficult.
Special funds and investment transfers, whether part of the general budget or not, may function as strong counter-equalizers [...]