IDEAS home Printed from https://ideas.repec.org/a/nwe/godish/y2018i1p141-155.html
   My bibliography  Save this article

Bulgarian Municipalities’ Capacity to Invest and Factors Affecting Local Government Capital Spending for the Period 2003-2017

Author

Listed:
  • Presiana Nenkova

    (University of National and World Economy, Sofia, Bulgaria)

  • Desislava Kalcheva

    (BCRA – Credit Rating Agency, Sofia, Bulgaria)

Abstract

Since 2003, the level of local government investment in Bulgaria has increased substantially. On average for the period 2003-2017 local public sector accounted for about one-thirds of total public sector capital spending. However, the contribution of Bulgarian municipalities to the public sector investment shows significant differences as compared to the prevailing EU pattern. It was only in the last few years that the level of local public investment in Bulgaria started approaching the EU average, primarily as a result of resources coming from European funds. The main objective of this article is to overview municipal investment activity during the years 2003 through 2017 and to assess direct investment capacity of local governments in Bulgaria. In addition, key factors affecting the levels and dynamics of local government capital spending are also being examined.

Suggested Citation

  • Presiana Nenkova & Desislava Kalcheva, 2018. "Bulgarian Municipalities’ Capacity to Invest and Factors Affecting Local Government Capital Spending for the Period 2003-2017," Godishnik na UNSS, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 141-155, December.
    • Handle: RePEc:nwe:godish:y:2018:i:1:p:141-155
    as

    Download full text from publisher

    File URL: http://unwe-yearbook.org/en/journalissues/article/10060
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    municipal investment; direct investment capacity; local governments; fiscal decentralization; local revenue; local expenditure;
    All these keywords.

    JEL classification:

    • H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism
    • R51 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Finance in Urban and Rural Economies
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nwe:godish:y:2018:i:1:p:141-155. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Vanya Lazarova (email available below). General contact details of provider: https://edirc.repec.org/data/unweebg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.