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Journal of Foreign Legislation and Comparative Law
Reference:

Ponomareva K.A. Prospects for Bankruptcy of Municipalities: Preventive and Curative Budget Strategies according to the Legislation of the Federal Republic of Germany

Abstract: Public relations in the areas of financial regulation and municipal law concerning whether the bankruptcy of the municipality is the essential tool for the German or modern land policies for the prevention of municipal debt has other ways to make unnecessary bankruptcy are the object of the research. The subject of the research included the theory and concepts of German financial law on bankruptcy of municipalities; German financial and municipal law norms; Russian and German judicial practice on disputes related to the issues of solvency municipalities of Germany. The study is based on comparative legal method which allows to compare similar legal problems in the German and Russian legislation, and to identify the best ways to resolve them. In view of historical and legal approach article illuminated the institute of fiscal and legal responsibility in its genesis. Scientific novelty consists in the fact that a comprehensive study of the institution of bankruptcy municipalities is carried out which is based on the new legislation of the Federal Republic of Germany. When meaningful approximation to the offence the budget crisis is considered as an offense in relation to financial equalization. It is set in the charters of the municipalities of all lands as a mandatory rule. Since the inter-budgetary equalization can not be seen only in the short or long term, we can state the different stages of the critical budget situation. The question is – how promptly the lands are able to respond to the budget violations?


Keywords:

budget, bankruptcy, municipalities, federation, federal lands, Federal Republic of Germany, the failure of the financial crisis, federal reform, solvency.


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