Mariyana Pavlova Banova
FISCAL DECENTRALISATION IN THE REPUBLIC OF BULGARIA – FINANCIAL EFFECTS AND REGIONAL ASPECTS
Summary:
Fiscal decentralization, which aims to enhance local au¬to¬no¬my in terms of transferring rights, obligations and duties from a gover¬n¬men¬tal to a municipal level, needs to ensure the efficient exploitation of public resources and the provision of high-quality public services at the optimum cost. Changes in local govern¬ment which have been going on for two decades now raise the issue of the results which have been achieved in this respect so far. The objective of this paper is to study the degree of decentralization of the public sector in Bul-garia and to assess the financial independence, investment activity and effi-ciency of selected municipalities in Bulgaria.
