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Financing Possibilities Of The Local Government

Author

Listed:
  • Milenkovski, Ace

    (University of Tourism and Management in Skopje, Macedonia)

  • Kozuharov, Sasho

    (University of Tourism and Management in Skopje, Macedonia)

  • Ristovska, Natasha

    (University of Tourism and Management in Skopje, Macedonia)

Abstract

There is a high diversity in the possibility of raising funds for municipalities; in particular the possible sources of revenue for financing the municipalities are high. There are certain ways of financing, which are represented in all municipalities, regardless of their economic structure, the number of people or the country in which there are. But there are certain ways of raising funds that are assigned or may be awarded only to a particular type of municipalities. These ways of funding depend on the geographic location of the municipality, the economic structure of the country, available natural resources in the municipality, the number of residents, business and economic development of the municipality etc. This paper is based on comparative analysis between possibilities and practices for financing the municipalities in the Republic of Macedonia and the countries in Europe, taking the practices for funding from the following countries: Serbia, Czech Republic, Germany, Slovenia and Bulgaria. The comparative analysis shows similarities and differences in the practice of financing municipalities in Republic of Macedonia and the countries of Europe, and its purpose is to recognize and implement practices for financing the municipalities from European countries in the municipalities of Republic of Macedonia.

Suggested Citation

  • Milenkovski, Ace & Kozuharov, Sasho & Ristovska, Natasha, 2016. "Financing Possibilities Of The Local Government," UTMS Journal of Economics, University of Tourism and Management, Skopje, Macedonia, vol. 7(1), pages 1-11.
    • Handle: RePEc:ris:utmsje:0166
    as

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    File URL: http://utmsjoe.mk/files/Vol.%207%20No.%201/UTMSJOE-2016-0701-01-Milenkovski-Kozuharov-Ristovska.pdf
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    References listed on IDEAS

    as
    1. Ernesto Crivelli, 2012. "Local Governments’ Fiscal Balance, Privatization, and Banking Sector Reform in Transition Countries," IMF Working Papers 2012/146, International Monetary Fund.
    2. Ernesto Crivelli, 2012. "Local governments’ fiscal balance and privatization in transition countries," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 20(4), pages 677-703, October.
    3. repec:aei:rpaper:30960 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    funding; municipalities; revenues; Macedonia; Europe;
    All these keywords.

    JEL classification:

    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue

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