FINANCIAL EQUALIZATION OF TERRITORIAL DEVELOPMENT
In the process of budgetary regulation and financial equalization of the development of territories an important role is played by intergovernmental relations, that arise between budgets of different levels. The transfer mechanism of the distribution of budgetary resources provides a balance betwe...
Main Authors: | , , |
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Format: | Article |
Language: | English |
Published: |
Editura Univeristatii "Stefan cel Mare" din Suceava
2018-06-01
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Series: | USV Annals of Economics and Public Administration |
Subjects: | |
Online Access: | http://annals.seap.usv.ro/index.php/annals/article/view/1052/905 |
Summary: | In the process of budgetary regulation and financial equalization of the development of territories an
important role is played by intergovernmental relations, that arise between budgets of different levels. The transfer
mechanism of the distribution of budgetary resources provides a balance between the revenue and expenditure part of
local budgets. Implementation of fiscal decentralization improves intergovernmental fiscal relations, which is ensured
by horizontal alignment of the income and expenditure part of local budgets and guarantees their financial autonomy. |
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ISSN: | 2285-3332 2344-3847 |