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...

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Bibliographic Details
Main Authors: Iryna ANTOKHOVA, Vita BINDYU, Lilia POPEL
Format: Article
Language:English
Published: Editura Univeristatii "Stefan cel Mare" din Suceava 2018-06-01
Series:USV Annals of Economics and Public Administration
Subjects:
Online Access:http://annals.seap.usv.ro/index.php/annals/article/view/1052/905
Description
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.
ISSN:2285-3332
2344-3847