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Local Government Financing – Steps towards Regional Asset Management?

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  • Giday, András

Abstract

It has been a tradition of state tasks (for 250 years) to focus on financing current expenditures. The task financing system introduced undertakes to fund average current expenditures, with utilisation rules stricter than before. In addition, the features characterising the management of assets is also an important issue to consider. The audit should give priority to examining the characteristic features of cooperation in case of multiple entities responsible for financing (for instance in education). Counties play an increasingly important role in regional development which, in turn, could facilitate the sound management of a region’s assets. The region’s human assets may be boosted by the potential improvement in the quality of services stemming from the recent transfer of certain tasks to the government.

Suggested Citation

  • Giday, András, 2014. "Local Government Financing – Steps towards Regional Asset Management?," Public Finance Quarterly, Corvinus University of Budapest, vol. 59(3), pages 384-394.
    • Handle: RePEc:pfq:journl:v:59:y:2014:i:3:p:384-394
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    File URL: https://unipub.lib.uni-corvinus.hu/8882/
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    More about this item

    Keywords

    local state (local governments); local taxation; system of local government financing; subsidisation of local governments; financing of urban economy;
    All these keywords.

    JEL classification:

    • H70 - Public Economics - - State and Local Government; Intergovernmental Relations - - - General
    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • H75 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Government: Health, Education, and Welfare

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