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This document discusses the theoretical foundations of fiscal federalism and analyzes the optimal level of decision-making on fiscal issues. It examines the functions of public finances - allocation, redistribution, and stabilization - and the principle of subsidiarity in determining the appropriate division of fiscal responsibilities between different levels of government. The document also evaluates the advantages and disadvantages of fiscal centralization and decentralization and analyzes fiscal federali

Author

Aldina Alicic

Language

EN