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	<title>Knowledge Managment &#187; balance sheetKnowledge Managment</title>
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		<title>Law on local finances and the current legislation context</title>
		<link>http://km.dldp.al/?p=1947&#038;lang=en</link>
		<comments>http://km.dldp.al/?p=1947&#038;lang=en#comments</comments>
		<pubDate>Wed, 04 May 2016 11:20:07 +0000</pubDate>
		<dc:creator><![CDATA[km]]></dc:creator>
				<category><![CDATA[Resource Material]]></category>
		<category><![CDATA[REFORM ON LOCAL PFM]]></category>
		<category><![CDATA[annual budget]]></category>
		<category><![CDATA[annual financial report]]></category>
		<category><![CDATA[balance sheet]]></category>
		<category><![CDATA[budget system management]]></category>
		<category><![CDATA[local governance]]></category>

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		<description><![CDATA[The law on “Local Self Governance” approved in December 2015 expressively foresees on the article no. 34, point 6 that: “Each local self-government shall prepare, adopt, carry out, and administer a budget each year that does not include a deficit in compliance with applicable legislation that regulates the administration and implementation of budgetary system and [&#8230;]]]></description>
				<content:encoded><![CDATA[<p style="text-align: justify;">The law on “Local Self Governance” approved in December 2015 expressively foresees on the article no. 34, point 6 that:<br />
“Each local self-government shall prepare, adopt, carry out, and administer a budget each<br />
year that does not include a deficit in compliance with applicable legislation that regulates the administration and implementation of budgetary system and with the law on local finances”.<br />
There for the implicit fact that the policy maker has decided to develop and take clear reference on the law on “Local Finances”.</p>
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