Gündüzöz, İlker
June 2008
Ekev Academic Review;Summer2008, Vol. 12 Issue 36, p381
Academic Journal
If a municipality didn't get the local sevices by ordinary income, it would borrow. The expenditure of municipalities is part of total public expenditure. Municipality debt and expenditure effect the macro economy by several ways. Due to this effect, central goverments control the borrowing of municipalities. The aim of this study is to classify and to define the borrowing of municipalities. In addition, the systems of municipal borrowing is explained in this study. And then the differences of borrowing systems is researched the effect on the debt ratio. The original CDLR reports for states which are members of Council of Europe have been used on this study instead of secondary sources. This individual reports have been made in several dates to define the local administration problems and and situations of members of COE by reports who named COE. So that, the characteristic feature of this article is formed by individual original CDLR reports.


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