Assessment of the financial independence of local budgets: possibilities and limitations of the application of various methods
Keywords:
local budgets, budget revenues, own revenues, financial independence, subsidiesAbstract
The goal is a comparative analysis of methods for assessing the financial independence of local budgets, identifying their capabilities and limitations.
Materials and methods. The theoretical basis of the study was the work of domestic and foreign authors in the field of economics and finance. The information base of the study is the data of the Ministry of Finance of the Republic of Belarus. The index and rating methods, as well as the method of comparative analysis, were applied.
Results. An analysis of known methods for assessing the financial independence of local budgets has shown that today there are indicators for assessing financial independence both as part of indicators of the financial condition of local budgets, and separate indicators for determining the financial independence of local budgets. The advantages and possibilities of various methods, as well as the disadvantages and limitations of their application in order to assess the financial independence of local budgets of the Republic of Belarus, are revealed.
Conclusion. The identified shortcomings and limitations in the application of known methods for assessing the financial independence of local budgets indicate the need to develop a comprehensive methodology for determining the level of financial independence of local budgets, which has advantages and eliminates the shortcomings identified in the analyzed methods.
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