A Framework for the Evaluation of the Feasibility of Public – Private Partnership in Local Government in Serbia

The adopton of the New Law for Local Government Financing is currently underway in a Serbian Parliament procedure. The goal of the new law is the creaton of clear government regulatons which will defne the system of fnancing for local government enttes. This will furthermore create an environment of...

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Main Authors: Sladjana Benkovic, Nemanja Milanovic, Milos Milosavljevic
Format: Article
Language:English
Published: Cognitione Foundation for the Dissemination of Knowledge and Science 2017-01-01
Series:Journal of Entrepreneurship, Management and Innovation
Subjects:
Online Access: http://jemi.edu.pl/uploadedFiles/file/all-issues/vol13/issue4/JEMI_Vol13_Issue4_2017_Article1.pdf
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author Sladjana Benkovic
Nemanja Milanovic
Milos Milosavljevic
author_facet Sladjana Benkovic
Nemanja Milanovic
Milos Milosavljevic
author_sort Sladjana Benkovic
collection DOAJ
description The adopton of the New Law for Local Government Financing is currently underway in a Serbian Parliament procedure. The goal of the new law is the creaton of clear government regulatons which will defne the system of fnancing for local government enttes. This will furthermore create an environment of stability and predictability with regard to revenue planning when preparing local government enttes’ budgets, as well as achieving a vertcal balance when distributng revenues amongst various state levels. Additonally, these goals are refected in the establishment of a system to increase the share of public investment in the total expenses of countes and cites, as well as in the vertcal balance with regard to the distributon of revenue and jurisdicton at various state levels. In that sense, it is preferable to understand fnancial models such as public-private partnerships, which have stll not, to an adequate degree, been adopted in Serbia, but one which could potentally contribute to the introducton of additonal sources of local government fnancing. In order to beter perceive the current capacites of this model of fnancing local government in Serbia, a study was conducted during the spring and summer of 2016, taking into account a sample of 150 examinees. The results of the study indicate very low human resource and technical capacites in local government with regard to realizing and comprehending the concept of public-private partnership.
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publisher Cognitione Foundation for the Dissemination of Knowledge and Science
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series Journal of Entrepreneurship, Management and Innovation
spelling doaj-art-9ba9def40df74ae1bb14f52eee49397e2025-02-03T01:15:35ZengCognitione Foundation for the Dissemination of Knowledge and ScienceJournal of Entrepreneurship, Management and Innovation2299-73262017-01-0114472310.7341/20171341A Framework for the Evaluation of the Feasibility of Public – Private Partnership in Local Government in SerbiaSladjana Benkovic0Nemanja Milanovic1Milos Milosavljevic2 University of Belgrade University of Belgrade University of Belgrade The adopton of the New Law for Local Government Financing is currently underway in a Serbian Parliament procedure. The goal of the new law is the creaton of clear government regulatons which will defne the system of fnancing for local government enttes. This will furthermore create an environment of stability and predictability with regard to revenue planning when preparing local government enttes’ budgets, as well as achieving a vertcal balance when distributng revenues amongst various state levels. Additonally, these goals are refected in the establishment of a system to increase the share of public investment in the total expenses of countes and cites, as well as in the vertcal balance with regard to the distributon of revenue and jurisdicton at various state levels. In that sense, it is preferable to understand fnancial models such as public-private partnerships, which have stll not, to an adequate degree, been adopted in Serbia, but one which could potentally contribute to the introducton of additonal sources of local government fnancing. In order to beter perceive the current capacites of this model of fnancing local government in Serbia, a study was conducted during the spring and summer of 2016, taking into account a sample of 150 examinees. The results of the study indicate very low human resource and technical capacites in local government with regard to realizing and comprehending the concept of public-private partnership. http://jemi.edu.pl/uploadedFiles/file/all-issues/vol13/issue4/JEMI_Vol13_Issue4_2017_Article1.pdf public-private partnershiplocal government fnancingSerbia
spellingShingle Sladjana Benkovic
Nemanja Milanovic
Milos Milosavljevic
A Framework for the Evaluation of the Feasibility of Public – Private Partnership in Local Government in Serbia
Journal of Entrepreneurship, Management and Innovation
public-private partnership
local government fnancing
Serbia
title A Framework for the Evaluation of the Feasibility of Public – Private Partnership in Local Government in Serbia
title_full A Framework for the Evaluation of the Feasibility of Public – Private Partnership in Local Government in Serbia
title_fullStr A Framework for the Evaluation of the Feasibility of Public – Private Partnership in Local Government in Serbia
title_full_unstemmed A Framework for the Evaluation of the Feasibility of Public – Private Partnership in Local Government in Serbia
title_short A Framework for the Evaluation of the Feasibility of Public – Private Partnership in Local Government in Serbia
title_sort framework for the evaluation of the feasibility of public private partnership in local government in serbia
topic public-private partnership
local government fnancing
Serbia
url http://jemi.edu.pl/uploadedFiles/file/all-issues/vol13/issue4/JEMI_Vol13_Issue4_2017_Article1.pdf
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AT milosmilosavljevic aframeworkfortheevaluationofthefeasibilityofpublicprivatepartnershipinlocalgovernmentinserbia
AT sladjanabenkovic frameworkfortheevaluationofthefeasibilityofpublicprivatepartnershipinlocalgovernmentinserbia
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