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Budget Decentralisation As A Factor For The Simultaneous Development Of Municipalities And The Industrial Business

Author

Listed:
  • Denitsa Zagorcheva

    (Konstantin Preslavsky” University of Shumen,)

  • Yordanka Velcheva

    (Angel Kanchev” University of Ruse)

Abstract

The article presents the results of a study on budget decentralisation and its effects on the development of municipalities and the industrial business. The objective is to reveal the relationship and interdependence between municipalities’ own-source revenues, which are characteristic of their financial and investment policies, and the extent to which industries are developed on their territories. The development of the industrial business is not directly affected, however, by the investment policy of the municipalities. Nevertheless, it contributes greatly to the increase of their own-source revenues.

Suggested Citation

  • Denitsa Zagorcheva & Yordanka Velcheva, 2017. "Budget Decentralisation As A Factor For The Simultaneous Development Of Municipalities And The Industrial Business," Economic Archive, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 3 Year 20, pages 46-59.
    • Handle: RePEc:dat:earchi:y:2017:i:3:p:46-59
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    File URL: http://hdl.handle.net/10610/3372
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    More about this item

    Keywords

    budget decentralization; financial decentralization; fiscal decentralization; budget process; investment policy;
    All these keywords.

    JEL classification:

    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures

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