- Author
- Stoilova Desislava (South West University "Neofit Rilski")
- Title
- Achievements, challenges and perspectives of financial decentralization in Bulgaria
- Source
- Perspectives of Innovations, Economics and Business, 2010, vol. 4, nr 1, s. 32-36, rys., bibliogr. 8 poz.
- Keyword
- Zarządzanie finansami, Decentralizacja, Finanse lokalne
Financial management, Decentralization, Local finance - Country
- Bułgaria
Bulgaria - Abstract
- The process of gradual administrative and political decentralization in Bulgaria started in 1991, but the real financial decentralization process started in the beginning of 2003 with the adoption of a comparatively clear expenditure assignment and introduction of a transparent and predictable intergovernmental transfer system. Step by step, local governments have been given full control over some of the own-source revenues (local fees, service prices and revenues from municipal asset management) and limited control over the local tax levy. This study is intended to examine and critically analyze the financial decentralization reform in Bulgaria, outlining the key achievements and basic weaknesses of expenditure assignment, local taxation and intergovernmental fiscal relations. The results indicate that local governments gradually became powerful component of the public sector. Although reducing financial resources of the public sector, worldwide economic and financial crisis can turn into an opportunity for some of the local governments in the country to gain financial independence and concentrate the efforts on strengthening local tax capacity.(original abstract)
- Full text
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- Bibliography
-
- Annual state budget acts of the Republic of Bulgaria for the fiscal years 1991-2009, State Official Journal, Sofia
- Ivanov, S., 2004. Analysis and assessment of municipal budgets in 2004, NAMRB, Sofia
- Local taxes and fees Act, State Official Journal No 117/1997, Sofia
- Ministry of Finance of the Republic of Bulgaria, at www.minfin.bg, category: Budget/Statistics, accessed on November 19, 2009
- Municipal budgets Act, State Official Journal No 33/1998, Sofia
- National Association of the Municipalities in the Republic of Bulgaria (NAMRB), at www.namrb.org, accessed on December 5, 2009
- National Statistical Institute, at http://www.nsi.bg/ accessed on November 14, 2009
- Thcavdarova, G., Ivanov, S., Savov, E., 2000. Local Government budgeting in Bulgaria, NAMRB, Sofia
- Cited by
- ISSN
- 1804-0519
- Language
- eng
- URI / DOI
- http://dx.doi.org/10.15208/pieb.2010.8
