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Law on Local Finances – Considerations on its Content & Possible dldp Support
File name: Law on Local Finances – Considerations on its Content & Possible dldp Support
Description:
  • Local revenues or management of local finances or both?
  • Local revenues
    => Logical continuation of ongoing decentralisation process
  • Management of local finances
    => Multitude of existing laws regulations, directives etc.
    => Need for more consistent and complete PFM guidance in
    accordance with international standards
  • Law with two sections:
    Section A on local revenues
    Section B on the management of local finances

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