Fiscal indicators and comparative analysis of local governments in the former Yugoslav countries
DOI:
https://doi.org/10.71159/icemit2540SKeywords:
fiscal indicators, local government, former Yugoslavia, fiscal decentralization, revenue and expenditureAbstract
The paper analyzes fiscal indicators of local governments in the countries of the former Yugoslavia, with the aim of identifying similarities and differences in the structure of revenues and expenditures. Secondary data from reports of ministries of finance, statistical offices and international institutions for the period 2015–2021 were used. The results show that Serbia and Bosnia and Herzegovina have the largest share of current expenditures in total local expenditures (over 70%), while Slovenia records the highest level of capital expenditures (25%). Croatia and North Macedonia are characterized by a greater dependence of local budgets on central government transfers, while Montenegro records a relatively stable ratio of own revenues and expenditures. These findings point to different fiscal capacities and degrees of decentralization, but also to the common challenge of the need to strengthen transparency and more efficient management of public finances at the local level. The paper contributes to the existing literature with a systematic comparative review of local public finances in the region and provides a basis for further research and policy making.
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