THEORETICAL FOUNDATIONS OF THE FINANCIAL INDEPENDENCE OF LOCAL BUDGETS AND CRITERIA FOR ITS ASSESSMENT
DOI:
https://doi.org/10.5281/zenodo.18858969Keywords:
local budgets, financial autonomy, fiscal federalism, fiscal decentralization, intergovernmental relations, tax authority, transfers, fiscal sustainability, composite index, evaluation criteria, regional financeAbstract
This article examines the theoretical foundations of local budget financial autonomy and the criteria for its
assessment. The study is based on fiscal federalism theory, intergovernmental fiscal relations, and financial decentralization
approaches to define the economic essence of local budget autonomy. Drawing on the works of Oates, Musgrave, Shah,
and OECD indicators, the key evaluation criteria are systematized.
The author proposes a comprehensive assessment model integrating revenue independence, tax authority, expenditure
discretion, and transfer dependency. The findings provide a theoretical framework for improving fiscal policy and
strengthening regional financial sustainability.
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