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Management of Public Financial Resources for Environmental Protection in Pre-Accession Bulgaria

Author

Listed:
  • Milkana Mochurova

Abstract

Total environmental expenditure in Bulgaria and the share of the public sector is analysed and compared with the necessary investments for compliance with the EU environmental standards. The main problems in the management of public financial resources for environmental management are identified on the basis of the analysis of main financing sources (the state budget, earmarked funds - the National Environmental Protection Fund and the National Trust Ecofund, environmental charges, international assistance, incl. ISPA programme). The legal framework of the newly established Enterprise for Environmental Activities Management is compared with the good practices of public environmental expenditure management in transition economies. Areas for improving the management of public financial resources are outlined: continuing the capacity building of environmental institutions; consolidation of state budget resources; combination of public and private financial resources; broad public participation in decision-making and improving the implementation of existing environmental charges and non-compliance fees.

Suggested Citation

  • Milkana Mochurova, 2003. "Management of Public Financial Resources for Environmental Protection in Pre-Accession Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 54-81.
    • Handle: RePEc:bas:econst:y:2003:i:3:p:54-81
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    More about this item

    JEL classification:

    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General

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