The article looks at how giving more financial power to local governments affects how well a country manages its money. It found that when local governments spend more of the money, the country's finances tend to be in better shape. However, this can also make the country's financial situation more unstable during economic ups and downs. The study suggests that countries should decide how much financial power to give to local governments based on their specific needs. If a country's local governments are good at managing money, giving them more financial power can be helpful. But in countries that are easily affected by economic shocks, the central government should keep more control over the money. It's important for countries to carefully plan how they share out the money between local and central governments.