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CERTAIN FEATURES OF FINANCIAL RELATIONS BETWEEN THE STATE AND LOCAL GOVERNMENT IN THE COUNTRIES OF THE MODERN WORLD

https://doi.org/10.17803/2311-5998.2018.45.5.071-077

Abstract

The article deals with financial relations between central and local authorities in the countries of the modern world. It's argued that local authorities’ financial basis has the dualist character and consists of their own revenues as well as of receipts from the state budget. Analyzing local authorities' main sources of income the author points out that the revenues of local authorities aren’t usually enough to cover their expenses. That is why a part of local expenses is being financed by subsidies from higher authorities. In this situation local authorities’ success depends not so much on themselves as on the amount of subsidies received from the center. In this context constitutional norms regulating municipal finances and slightly limiting the use of financial lever by the state seem to be of paramount importance.

About the Author

A. I. Cherkasov
Institute of State and Law RAS
Russian Federation


References

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Review

For citations:


Cherkasov A.I. CERTAIN FEATURES OF FINANCIAL RELATIONS BETWEEN THE STATE AND LOCAL GOVERNMENT IN THE COUNTRIES OF THE MODERN WORLD. Courier of Kutafin Moscow State Law University (MSAL)). 2018;(5):71-77. (In Russ.) https://doi.org/10.17803/2311-5998.2018.45.5.071-077

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ISSN 2311-5998 (Print)
ISSN 2782-6163 (Online)