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@article{ART001715586},
author={Jae-Ho Kim},
title={A Study on Legal Control of Local Fiscal Crisis},
journal={Public Land Law Review},
issn={1226-251X},
year={2012},
volume={59},
pages={285-310}

TY - JOUR
AU - Jae-Ho Kim
TI - A Study on Legal Control of Local Fiscal Crisis
JO - Public Land Law Review
PY - 2012
VL - 59
IS - null
PB - Korean Public Land Law Association
SP - 285
EP - 310
SN - 1226-251X
AB - The Article examines the causes of local fiscal crises and explores the solutions to prevent or deal with them properly from the perspectives of the structural and operational aspects of local administration. In order to maintain the local fiscal integrity, it is very important to secure financial autonomy and grants from the central government. There are many ways of obtaining this goal. First, localities should be given the power to tax based upon ordinances. Second, it should considered to raise the ratio of local consumption tax from 5% to 10%. The first and second solutions contribute to broadening the tax base of the local governments. In addition, it is desirable that the expense of social welfare services come from the purse of the central government, and that block grants, rather than matching funds or conditional grants, be more regular. Third, the central government should refrain from transferring its powers to localities on a broad scale. Fourth, popular control on the expenditures of mayors or governments, through the local assembly or by the residents, must be more utilized and vitalized under the Local Autonomy Law. The third and fourth solutions address the operational aspects of local administration. Furthermore, the central government can control the finances of the local governments by introducing a local fiscal crisis pre-warning system. Under this kind of system, the locality under financial stress is required to establish and implement a plan to secure fiscal integrity within the time period prescribed in exchange for support and supervision from the central government. Finally, the Bankruptcy Law must be revised to allow it to apply to the local governments, in order to deal with the case of a financial crisis and protect the creditors and residents.
KW - 지방재정위기(Local Fiscal Crisis);지방재정(Local Finance);재정건전성(Fiscal Balance);재정통제(Fiscal Control);재정파산(Fiscal bankruptcy)
DO -
UR -
ER -

Jae-Ho Kim. (2012). A Study on Legal Control of Local Fiscal Crisis. Public Land Law Review, 59, 285-310.

Jae-Ho Kim. 2012, "A Study on Legal Control of Local Fiscal Crisis", Public Land Law Review, vol.59, pp.285-310.

Jae-Ho Kim "A Study on Legal Control of Local Fiscal Crisis" Public Land Law Review 59 pp.285-310 (2012) : 285.

Jae-Ho Kim. A Study on Legal Control of Local Fiscal Crisis. 2012; 59 285-310.

Jae-Ho Kim. "A Study on Legal Control of Local Fiscal Crisis" Public Land Law Review 59(2012) : 285-310.

Jae-Ho Kim. A Study on Legal Control of Local Fiscal Crisis. Public Land Law Review, 59, 285-310.

Jae-Ho Kim. A Study on Legal Control of Local Fiscal Crisis. Public Land Law Review. 2012; 59 285-310.

Jae-Ho Kim. A Study on Legal Control of Local Fiscal Crisis. 2012; 59 285-310.

Jae-Ho Kim. "A Study on Legal Control of Local Fiscal Crisis" Public Land Law Review 59(2012) : 285-310.