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Financial support of local government in Russia and abroad

Zolot’ko A.I. Graduate student of department “Finance, budget and insurance”, Russian Correspondence Financial and Economic Institute ( goldrose@bk.ru )

Journal: Financial Analytics: Science and Experience, #48, 2011

Change of the mechanism of financial maintenance and execution by local governments of the separate state powers transferred to it was key aspect of municipal reform. In article the analysis of formation of local budgets in Russia and in foreign countries is carried out, and also experience of the countries of Latin America about distribution of economic powers between the center and regions which can be used in Russia is resulted.


To the question of financial autonomy of municipal entities and methods of assessment of its level

Dadashev A.Z. Academy of Public Administration, Moscow, Russian Federation ( azd120840@yandex.ru )

Zolot'ko A.I. Institute of Distance and Open Education, Financial University under Government of Russian Federation, Moscow, Russian Federation ( goldrose@bk.ru )

Journal: Finance and Credit, #9, 2018

Subject This article considers the issues of financial self-sustainability of municipal entities in the context of the European Charter of Local Self-Government and municipal reform being conducted in the Russian Federation.
Objectives The article aims to reveal the essence and content of financial self-sustainability of municipal entities and substantiate the method of estimation of its level. The article also aims to develop and propose a method of estimating the level of relative financial self-sustainability of local self-government bodies, which would provide sufficient confidence in the process of separating groups of municipal entities.
Methods For the study, we used a systems approach and the methods of comparative and structural analyses.
Results The article reveals the content of financial self-sustainability of municipal entities, the key criterion of which is the need of local budget for government aid. As well, the article proposes a method of assessing the level of relative financial self-sustainability of local self-government bodies, which ensures a greater reliability when separating groups of municipal entities.
Conclusions On the basis of the key criterion, municipal entities can be identified as municipal entities that have attained full financial self-sustainability and municipalities which financial independence is incomplete or relative.


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