FINANCIAL DECENTRALIZATION IN BULGARIA: ACHIEVEMENTS, PROBLEMS, PERSPECTIVES

DESISLAVA STOILOVA

 

Abstract

The paper is intended to study the relationship between the fiscal decentralization in Bulgaria and the current financial position of local governments. The main purpose is to present the status, tendencies, and fundamental problems of the municipal budgets as a base for further analysis, conclusions, Assessments, and recommendations.

 

Key words

Fiscal Decentralization, Local Budgets, Municipal Creditworthiness

 

References

European Charter of Local Self-Government, Strasbourg, 1985
Local Taxes and Fees Act, renovated in the Government Gazette, 117/1997, Recent amendments to the Government Gazette, 106/2004
Municipal Budgets Act, renovated in the Government Gazette, 33/1998, Recent amendments to the Government Gazette,107/2003
Government Debt Act, renovated in the Government Gazette 93/2002
Statistics of the Ministry of Finance, www. minfin. bg
Financial database of NAMBR, www. namrb. org
OECD, Fiscal Decentralization in EU Applicant States and Selected EU Member States, Paris, 2002
CLRAE, The Financial Resources of Local Authorities in Relation of Their Responsibilities, Strasbourg,2004

 

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