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Tax Revenues In The Local Budgets €“ Precondition For Local Governments’ Financial Autonomy

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  • DESISLAVA STOILOVA

    (SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD)

Abstract

The purpose of this paper is to study financial decentralization in Bulgaria, by comparison with the values of some basic indicators reported by the new member states of the European Union. Analysis is focused on the following indicators: local revenues/GDP (%), local tax revenues/consolidated tax revenues (%), and local expenditures/consolidated expenditures of the public sector (%). The results indicate that Bulgaria has one of the most centralized models of tax revenues distribution among the new member states of the European Union. Because of comparatively low local revenues' share into the GDP, as well as negligible share of local into the consolidated tax revenues, Bulgaria faces a low degree of fiscal decentralization. There is a serious discrepancy between financial resources and expenditure responsibilities of the local governments. Purposeful efforts are needed to consolidate local revenue capacity. The main priority in this aspect is tax system restructuring with the purpose of developing a modern local tax system and redistributing the tax burden.

Suggested Citation

  • Desislava Stoilova, 2009. "Tax Revenues In The Local Budgets €“ Precondition For Local Governments’ Financial Autonomy," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 5(3), pages 11-16.
    • Handle: RePEc:neo:journl:v:5:y:2009:i:3:p:11-16
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    References listed on IDEAS

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    1. Busch, Berthold, 2008. "Auswirkungen der EU-Erweiterung auf die Entwicklung und Verteilung des EU-Haushalts," IW-Trends – Vierteljahresschrift zur empirischen Wirtschaftsforschung, Institut der deutschen Wirtschaft (IW) / German Economic Institute, vol. 35(3), pages 3-16.
    2. Feld, Lars P. & Schnellenbach, Jan, 2007. "Das Finanzierungssystem der EU und die Nettozahlerdebatte," Wirtschaftsdienst – Zeitschrift für Wirtschaftspolitik (1949 - 2007), ZBW - Leibniz Information Centre for Economics, vol. 87(2), pages 114-120.
    3. Busch, Berthold, 2002. "Von Zahlern und Empfängern: Die Berechnung von Nettopositionen im EU-Haushalt," IW-Trends – Vierteljahresschrift zur empirischen Wirtschaftsforschung, Institut der deutschen Wirtschaft (IW) / German Economic Institute, vol. 29(3), pages 5-10.
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