Abstract
The agenda of the 58th Croatian Government's session, held on September 28, 2017, included, among other items, a Proposal for an Act on the Financing of Local and Regional Self-government Units. Under the proposed Act, the local government financing system has been changed for the 18th time since 1993, i.e. it changes almost every year. Such frequent revisions of the regulatory framework (accompanied by amendments to income taxation regulations) hamper the long-term financial planning of local government budgets. However, the proposed local government financing act deserves commendation for introducing a new fiscal equalization model.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.