The principles of local tax budgeting in the UK

uk local taxesThe local government financing is an important part of the national financial system, even though these bodies largely act as her separate units. In 1988, for example, local authorities have spent £45bn., which accounted for 25% of the gross domestic product of the country. Since the early 50’s of the 20 century the financial resources of local authorities grow mainly due to government subsidies and an increase in debt to various government agencies and corporations. Continue reading “The principles of local tax budgeting in the UK”