Fiscal federalism relevant for all kinds of government: unitary, federal and confederal. The concept of fiscal federalism is not to be associated with fiscal decentralization in officially declared federations only; it is applicable even to non-federal states (having no formal federal constitutional arrangement) in the sense that they encompass different levels of government which have de facto decision-making authority. This, however, does not mean that all forms of governments are 'fiscally' federal, only that 'fiscal federalism' is a set of principles that can be applied to all countries attempting 'fiscal decentralization'. In fact, fiscal federalism is a general normative framework for assignment
Fiscal Observatory of Latin America and the Caribbean of fiscal policy in Latin America and supports debating of fiscal subjects among fiscal authorities, international organizations and other experts in the subject. Fiscal Observatory of Latin America and the Caribbean The Fiscal Observatory of Latin America and the Caribbean (OFILAC) is an initiative of the United Nations Economic Commission for Latin America and the Caribbean, especially by the Division for Economic Development, to contribute to improving fiscal policy through the dissemination of studies and debate. Financial support is provided by the Spanish Agency for International Cooperation and Development (AECID). Other partners of the Fiscal Observatory of Latin America and