European Cooperation (Mar 2018)
IMPACT OF UNITED TERRITORIAL COMMUNITIES` BUDGETS SELF-SUFFICIENCY ON HUMAN RESOURCES DEVELOPMENT
Abstract
The impact of self-sufficiency of the united territorial communities on human resources development, in particular financial self-sufficiency, is identified by the author in the article. The estimation of the united territorial communities` budgets based on the three models, which are grounded on the criterion of correlation between individual revenues and budget funds of higher levels, i.e. "50/50", "75/25", "less than 50/ greater than 50", is fulfilled.It is proved that united territorial communities which are characterized by a high level of self-sufficiency, that is, functioning and developing at the expense of own funds, have higher potential opportunities for the development of human resources in the future.
