Current state of local finances in the Republic of Macedonia
Current state of local finances in the Republic of Macedonia

Summary/Abstract: Decentralization in Macedonia was conceived in two phases, (July 2005 and July 2007), were the local Government get asymmetric allocation of fiscal powers. During the first phase, all local governments were assigned the responsibility to deliver only a few mainly communal local government functions. After fulfillment of specific conditions and approval by the central government, the municipalities in Macedonia were allowed to have new functional responsibilities. This overview analyze key indicators of local finance in 2010 and 2011: the revenues and expenditures in Macedonia, the evolution of local government revenues and expenditures in Macedonia, the comparing with the GDP, public revenues, and in general the main problems of the intergovernmental finance system.

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