Local Financing for Local Development: Development Experiences)India, Egypt, Algeria(

Abstract

Domestic finance reflects the autonomy of the local administration in decision-making, far from the influence of the central administration, to achieve the competencies assigned to it and to spend on projects of interest to its citizens with its own independent financial resources. The development of these resources requires their ownership by these local communities. Local development is the process by which effective cooperation between grassroots efforts and government efforts can be achieved to elevate the levels of local communities and units economically, socially, culturally and civilizing. In order to achieve local development, local communities need sufficient local funding to achieve and succeed, and the relationship between them is affected by the extent to which local development is influenced by the extent to which the local administration has relied on its own financial resources, the more the latter increases the activity of the administration and its interest in the projects Development and vice versa, where it is subject to state dominance and intervention by channelling subsidies to certain expenses, especially as local communities benefit from a small proportion of taxes, which are an important source of domestic finance compared to the central administration, have broad powers to obtain private income And to have its own budget, in which public expenditures are determined and financial decentralization is supported by imposing taxes and fees under centralized controls, in addition to transforming the nature of the central administration's subsidies from allocative to total, and to be presented in time to achieve the goal of the Local development