FINANCING POSSIBILITIES OF THE LOCAL GOVERNMENT

Ace Milenkovski (), Sasho Kozuharov and Natasha Ristovska
Additional contact information
Ace Milenkovski: University of Tourism and Management in Skopje, Macedonia
Sasho Kozuharov: University of Tourism and Management in Skopje, Macedonia
Natasha Ristovska: University of Tourism and Management in Skopje, Macedonia

UTMS Journal of Economics, 2016, vol. 7, issue 1, 1-11

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.

Keywords: funding; municipalities; revenues; Macedonia; Europe (search for similar items in EconPapers)
JEL-codes: H71 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://utmsjoe.mk/files/Vol.%207%20No.%201/UTMSJOE ... uharov-Ristovska.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:utmsje:0166

Access Statistics for this article

UTMS Journal of Economics is currently edited by Prof. Ace Milenkovski, PhD

More articles in UTMS Journal of Economics from University of Tourism and Management, Skopje, Macedonia Contact information at EDIRC.
Bibliographic data for series maintained by Assistant Professor. Dejan Nakovski, PhD ().