engleski

Trends in financing public investment of local government units

In every country due to fiscal decentralization, revenue sources for local government units vary. Therefore, the goal of local government is to create an efficient business environment by increasing domestic and foreign investment, employment, and quality of life. Local government units play an important role in providing of public services and goods to citizens. Unfortunately, they have less revenue and expenditure autonomy than regional government. Therefore, the aim of this paper is to present the trends and the level of financing of public investment by local government. The results of the analysis show that there are significant differences in the trends and levels of local government public investment across countries. Moreover, this analysis could serve as a basic tool for improving the economic, social or environmental development of local government units.

public investment ; expenditures ; local government

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