Tag Archives: budget system management

Law on local finances and the current legislation context

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 […]