Show document

A- | A+ | Print
Title:Financial decentralization in Bulgaria
Authors:Stoilova, Desislava (Author)
Work type:Not categorized
Tipology:1.01 - Original Scientific Article
Organization:FHŠ - Faculty of Humanities
Abstract:This study is intended to provide a critical overview of the local government finance reform and analyze the process of strengthening financial decentralization in Bulgaria. First of all, the specifics of government structure and the main components of the legal base in the scope of local self-government are presented. The quantitative analysis is focused on dynamics of the public expenditure indicators and the structure of local revenues, based on fact figures for the period 19902011 and forecast for 2012. The influence of economic crises on local government finance is discussed and estimated. A comparison is drawn between the three most severe downturns of Bulgarian economy during the last 20 years, namely the price liberalization in the beginning of transition (19911993), the credit crunch and series of bank bankruptcies, which caused the financial crisis in 19961997, and the current worldwide crisis. Some of the most important actions, taken by the government in order to consolidate the crisis are described and evaluated on the base of their effects on the local finance. The conclusion is that although the current crisis reached Bulgaria at comparatively mature stage of financial decentralization reform, municipalities can do very little without active central government support and cannot substitute for it in regard of the basic anti-crisis measures.
Keywords:finančno poslovanje, decentralizacija, lokalne finance, proračunska razmerja, Bulgarija
Year of publishing:2013
Number of pages:Str. 125-138
Numbering:Leto 8, št. 2
COBISS_ID:4776407 Link is opened in a new window
Categories:Document is not linked to any category.
Average score:(0 votes)
Your score:Voting is allowed only to logged in users.
Share:Bookmark and Share

Hover the mouse pointer over a document title to show the abstract or click on the title to get all document metadata.

Secondary language

Keywords:financial decentralization, local finance, intergovernmental fiscal relations, Bulgaria


Leave comment

You have to log in to leave a comment.

Comments (0)
0 - 0 / 0
There are no comments!

Logos of partners University of Maribor University of Ljubljana University of Primorska University of Nova Gorica