Financing Local Governments in the Slovak Republic

Abstract

In the late of 20th century public sector, public administration and public finance reforms were realized almost in all European countries. They focused on decentralization and included the process of fiscal decentralization, which represents an efficient delegation of competences, responsibilities and authorities in providing public goods by local self governments considering local particularities. This paper focuses on evaluating the conception of this process and its main goals in conditions of the Slovak Republic, emphasising its impact on local governments – understanding municipalities and regions. This paper is published within the project VEGA no. 1/0253/08. Keywords: fiscal decentralization, regional and municipal budget, local revenues, local expenditures.