Ogonkov Alexei

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  • 4, 2003

    • Thoughts on money for local authorities.

      Financial and economic aspects of the reform of local self-government is considered by the authors as one of the key factors of its implementation. It is the insufficient elaboration of the financial aspect that might cause difficulties while the new law is carried out. The article draws attention to the problems of local budgets’ sources of income and particularly to the participation of municipalities in commercial projects. The authors believe that ensuring financial independence of local authorities is just as important as assuring financial arrivals.