Sustainable Municipal Finance for Development

Local Governments need to achieve sustainable sources of
finance to be able to invest in urban infrastructure and offer basic
services. However, local governments face several challenges
such as insufficient and unreliable transfers from central government,
poor tax collection, weak fiscal management and other
constraints that affect their institutional capacities.

(more…)

Principles of Municipal Finance

Municipal finance consists of the revenue and expenditure of local government in urban areas. Although the remit and capacities of local governments to engage in financial decisions vary enormously, across countries municipal nance generally aims to generate the resources needed to fund local services to the satisfaction of citizens through fair taxation and use of external resources.

(more…)