Municipalities Are Entitled to a Share of the Income Tax
It is clear that municipalities need fresh capital for investment. The current structure of Bulgaria’s fiscal policy suggests and inevitable lack of resources in municipal budgets for investment[1]. Not surprisingly, almost all cases of public investment at local level, which can be given as examples of projects that lead to improvement in quality of life, have been are carried out with EU funds. If you go to any major city in the country, the first thing you will notice is that either a park was completely renovated or the tiles and gardens in the city center have finally been fixed. Some may even boast of a new water treatment plant. All of this is usually financed via European funds.