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The main legal acts of the mechanism of formation of capable territorial communities and their effects
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nment system. Especially in formation of local budgets, and creation of a new powerful local government entity United Territorial Communities (UTCs). Despite the positive effect from delegating to local authorities solving of regional development issues, improving governance and increasing in local government spending these are not supported by a c...
Contexts in source publication
Context 1
... the conditions of a new redistribution of public finances between levels of government as a result of fiscal decentralization reform the financial resources of various economic agents, in particular local and central government, private entities, financial institutions and non-governmental organizations, can be used to meet the needs of local communities and organizations, as well as foreign countries and international financial organizations (see Table 1). However, first of all, it is important to consider significant effects of the adoption of the basic legal acts of the mechanism of formation of capable territorial communities, which are presented in Table 2. ...Context 2
... the conditions of a new redistribution of public finances between levels of government as a result of fiscal decentralization reform the financial resources of various economic agents, in particular local and central government, private entities, financial institutions and non-governmental organizations, can be used to meet the needs of local communities and organizations, as well as foreign countries and international financial organizations (see Table 1). However, first of all, it is important to consider significant effects of the adoption of the basic legal acts of the mechanism of formation of capable territorial communities, which are presented in Table 2. ...