HOW TO INCREASE LOCAL REVENUE IN BULGARIA - MISSION (IM)POSSIBLE?

Desislava Zheleva Kalcheva ()
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Desislava Zheleva Kalcheva: Sofia University St. Kliment Ohridski, Sofia, Bulgaria

Review of Economic and Business Studies, 2022, issue 29, 101-121

Abstract: The topic dedicated to local revenue growth in Bulgaria has been relevant since the start of the decentralization process. Nearly twenty years after the democratic changes, local authorities are experiencing severe funding shortages and difficulties in implementing their capital programs. The topic is becoming more relevant due to the COVID-19 pandemic and the current economic situation - rising inflation and problems related to the revenue collection. The purpose of this article is to present a retrospective analysis of the dynamics of the local revenue in Bulgaria and to calculate key financial indicators. The results are compared with the European Union average. The study presents the main results of the Program for fiscal decentralization in Bulgaria. Based on the analysis of the European practice, local revenue structure in Bulgaria and main fiscal indicators, the possibilities for local revenue growth are presented.

Keywords: decentralization; local revenue; tax revenue; shared taxes; Bulgaria growth (search for similar items in EconPapers)
JEL-codes: H24 H71 H77 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:aic:revebs:y:2022:j:29:kalchevad

DOI: 10.47743/rebs-2022-1-0006

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