Fiscal decentralization of the Visegrad Group countries as a key factor of development
Article history: Received 28 May 2022, Accepted 3 July 2022, Available online 4 July 2022
Andrii Buriachenko, Kateryna Levchenko, Nataliіa Spasiv, Alla Osipova
The article investigates the process of decentralization of public administration in the Visegrad Group countries. The authors use the share of local budget revenues of Visegrad Group countries in GDP and the share of tax (own) revenues in the revenues of local budgets of Visegrad Group countries, as main indicators. The research examines the essence of fiscal decentralization and reforms of fiscal decentralization in Visegrad Four. It has been found that the purpose of fiscal decentralization was to increase the financial independence of the municipalities, but the local governments of the Visegrad Four countries still depend on the state budget and economic development of a country. In general, process of fiscal decentralization still has the national particularities.
fiscal federalism; decentralization; Visegrad group countries; local governments’ expenditures and revenues