There has been a steep deterioration in State finances during the last decade as evidenced by sharp increases in revenue, fiscal and primary deficits, increases in their indebtedness and contingent liabilities, and decline in capital and maintenance expenditures. Low buoyancy of central transfers and spillover of central pay revisions have had the most adverse impact on State finances. However,...

Abstract The paper aims to present a topical issue in today’s socio-economic context when the main challenges are identify ways of production and consumption that subordinated sustainable processes. Through an analysis current state research on conceptual approach financial sustainability, directions tools be used ensure successful implementation system. Following centralization approaches offe...