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Law on local finances and the current legislation context
File name: Law on local finances and the current legislation context
Description:

The law on “Local Self Governance” approved in December 2015 expressively foresees on the article no. 34, point 6 that:
“Each local self-government shall prepare, adopt, carry out, and administer a budget each
year that does not include a deficit in compliance with applicable legislation that regulates the administration and implementation of budgetary system and with the law on local finances”.
There for the implicit fact that the policy maker has decided to develop and take clear reference on the law on “Local Finances”.


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