Introduction to Subnational Government Finances
A journey through the World Observatory on Subnational Government Finance and Investment
Welcome to UCLG’s first MOOC (Massive Open Online Course) dedicated to subnational government finance. The course primarily builds on the work of the World Observatory on Subnational Government Finance and Investment, jointly set up by the OECD and UCLG.
This course brings together a wealth of resources developed to reach out to all communities, governments and individuals wishing to learn about subnational public finance. As it is open to a wide variety of backgrounds, there are no prerequisites to taking this course.
The course aims to give you the basics to understand the main technical and political issues of subnational government finance in different regional contexts. The course will also provide you with a set of tools to analyse the subnational finance ecosystem in an informed, context-based and comprehensive manner.
Today, there are growing expectations about the role of local and regional governments in public action, in order to find local solutions against global challenges. This requires that they have a greater share in total public spending and, in particular, in public investment, with the advantage of offering more accountable, efficient and context-sensitive policies. For these reasons, it is crucial to understand the mechanisms and challenges lying behind subnational government finances.