The financial basis of the functioning of local governments in Hungary

Abstract

The article is devoted to the analysis of the financial basis of local government in Hungary. Studied regulations that directly govern the economic component of the functioning of local government. Special attention is paid to local taxes and fees, is investigated, in particular, the legal framework of local taxes, sources of local revenues and expenditures of local budgets, provisions on property that is owned by the community. Also is certained the state financial basis of local government in Hungary according to the standards of the European Charter of Local Government .
Keywords: Fundamental Law of Hungary in 2012, the local governments of Hungary, the financial basis of local taxes, revenues, expenses.