The staff report for the First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility on Georgia highlights economic developments and policies. Growth has remained robust and inflation subdued against the backdrop of steady remonetization. Rapid growth in fiscal...

This paper analyzes the impact of decentralization on overall fiscal performance in the European Union, taking into account fiscal institutional arrangements. We find that spending decentralization has been associated with sizably better fiscal performance, especially when transfer dependency of...

Decentralization is an opportunity to provide public services depending on the citizens’needs and taking into consideration the financial constraints of the local budgets. The real convergence involves a similarity of the decentralization degree for public services between the countries...

В статье рассмотрены основные проблемы обеспечения сбалансированности местных бюджетов в Российской Федерации на современном этапе. Проведен анализ...

Освещены теоретико-методологические основы и проведен анализ актуальных проблем формирования финансовой политики регионального развития. Сформулированы...

В статье представлены итоги десяти лет осуществления муниципальной реформы в Российской Федерации. Автор рассматривает нерешенные проблемы в формировании...

The article considers world experience of real estate taxation and identifies expediency of its introduction into Ukrainian legislation only on the basis of deep analysis of possibilities and with consideration of economic and organisational and legal environment in the country. It shows...

The strategy of regional development of Germany, system of the interbudgetary smoothing of Germany are analysed in the article. The features of forming of profitable part of local budgets in Germany are investigational. Practical recommendations in relation to introduction of German experience...

The study has two main objectives: exploring the budget coordinates of Romanian communes with the purpose of first, identifying regional differences and second, analyzing the projects selected for European financing through measure 322 of the National Program for Rural Development. The study...

Since the conclusion of the last Article IV Consultation in October 2001, Georgia's macroeconomic performance has been encouraging. The 2003 Article IV Consultation and program discussions were held against the backdrop of protracted deviations from the IMF-supported program. Discussions with...