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

Listed author(s):
  • Milkana Mochurova

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.

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Article provided by Bulgarian Academy of Sciences - Economic Research Institute in its journal Economic Studies.

Volume (Year): (2003)
Issue (Month): 3 ()
Pages: 54-81

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Handle: RePEc:bas:econst:y:2003:i:3:p:54-81
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